Retirement plan

METAL LATHERS LOCAL 46 ANNUITY FUND

Name: BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND - METAL LATHERS LOCAL 46 ANNUITY FUND (2023) Form 5500
Creator: BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METAL LATHERS LOCAL 46 ANNUITY FUND, BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND

BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUNDEIN 13-6179359Plan #001PY 2023

61-02 32ND AVENUE - WOODSIDE, NY 11377212-535-2323

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$309.8M

+7.6% from 2022

Total participants

2,077

-2.9% from 2022

Average account balance

$149,146

+10.9% from 2022

Annual return

13.08%

+26.03 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$328.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$161K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,034

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$249

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: THE PRUDENTIAL INSURANCE CO. Service code 15 · EIN 06-1050034	Recordkeeping	$95,000
FITZSIMMONS ABRAMS, LLP8 years Service code 10 · EIN 13-2858927	Accounting	$92,414
PROSKAUER ROSE LLP8 years Service code 29 · EIN 13-1840454	Legal	$84,214
MARSHALL & MOSS PAYROLL COMPLIANCE1 year Filed as: MARSHALL AND MOSS, LLP Service code 14 · EIN 11-3360166	Plan Administrator	$53,416
REYNOLDS CONSULTING SERVICES9+ years Filed as: REYNOLDS CONSULTING SERVICES, LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$37,500
COLLERAN, O'HARA & MILLS LLP3 years Filed as: COLLERAN O'HARA & MILLS LLP Service code 29 · EIN 11-2940050	Legal	$26,028
CALIBRE CPA GROUP PLLC7 years Service code 10 · EIN 47-0900880	Accounting	$26,000
JBM COMPUTER CONSULTANTS2 years Filed as: JBM COMPUTER CONSULTANTS INC Service code 49 · EIN 16-1173118 20 NORTH AMERICA DRIVE · WEST SENECA, NY 14224	Other Services	$20,344
NATHAN & BERNSTEIN CPA'S, PC7 years Service code 10 · EIN 26-4717217 224 FRANKLIN STREET 19 · HEWLETT, NY 11557	Accounting	$12,123
THE SEGAL COMPANY9+ years Service code 11 · EIN 13-1835864	Actuarial	$12,000

Plan features & details

Pension benefit codes2A2H2R2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$578K

$315 / participant

Recordkeeping$88K15.2%
Investment mgmt$133K22.9%
Legal$93K16.1%
Actuarial$18K3.1%
Salaries / allowances$80K13.8%
Contract admin$53K9.2%
Other / not subdivided$114K19.7%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: $37,836
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,146

$88,480+68.6%

$96,683+54.3%

$80,160+86.1%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

13.08%

22.53%-9.4pp

35.69%-22.6pp

40.38%-27.3pp

Employer contribution / active EE

$6,674

$4,176+59.8%

$3,737+78.6%

$2,978+124.1%

Participant deferral / active EE

$3,959-100.0%

$4,878-100.0%

$5,017-100.0%

Admin fee / account holder

$278

$212+31.4%

$6,730-95.9%

$145+92.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: THE PRUDENTIAL INSURANCE CO.

Service code 15 · EIN 06-1050034

Recordkeeping

$95,000

FITZSIMMONS ABRAMS, LLP8 years

Service code 10 · EIN 13-2858927

Accounting

$92,414

PROSKAUER ROSE LLP8 years

Service code 29 · EIN 13-1840454

Legal

$84,214

MARSHALL & MOSS PAYROLL COMPLIANCE1 year

Filed as: MARSHALL AND MOSS, LLP

Service code 14 · EIN 11-3360166

Plan Administrator

$53,416

REYNOLDS CONSULTING SERVICES9+ years

Filed as: REYNOLDS CONSULTING SERVICES, LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$37,500

COLLERAN, O'HARA & MILLS LLP3 years

Filed as: COLLERAN O'HARA & MILLS LLP

Service code 29 · EIN 11-2940050

Legal

$26,028

CALIBRE CPA GROUP PLLC7 years

Service code 10 · EIN 47-0900880

Accounting

$26,000

JBM COMPUTER CONSULTANTS2 years

Filed as: JBM COMPUTER CONSULTANTS INC

Service code 49 · EIN 16-1173118

20 NORTH AMERICA DRIVE · WEST SENECA, NY 14224

Other Services

$20,344

NATHAN & BERNSTEIN CPA'S, PC7 years

Service code 10 · EIN 26-4717217

224 FRANKLIN STREET 19 · HEWLETT, NY 11557

Accounting

$12,123

THE SEGAL COMPANY9+ years

Service code 11 · EIN 13-1835864

Actuarial

$12,000

METAL LATHERS LOCAL 46 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METAL LATHERS LOCAL 46 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion