Retirement plan

I.U.O.E. LOCAL 14-14B ANNUITY FUND

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 14-14B ANNUITY FUND - I.U.O.E. LOCAL 14-14B ANNUITY FUND (2015) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. LOCAL 14-14B ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.U.O.E. LOCAL 14-14B ANNUITY FUND, BOARD OF TRUSTEES I.U.O.E. LOCAL 14-14B ANNUITY FUND

BOARD OF TRUSTEES I.U.O.E. LOCAL 14-14B ANNUITY FUNDEIN 13-6321935Plan #001PY 2015

141-57 NORTHERN BOULEVARD - FLUSHING, NY 113544238718-939-1489

Prospect flagsHigh feesHigh assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$622.5M

-6.7% from 2016

Total participants

1,665

-1.0% from 2016

Average account balance

$373,853

-5.8% from 2016

Annual return

1.64%

-3.12 pp from 2016

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$855.82M

Not enough data

1 years with asset history on file

Average account balance

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

$524K

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.

1,632

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

$22.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+8.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$472

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
WRIGHT FORD YOUNG & CO1+ years Filed as: A. WRIGHT Service code 30 · EIN 13-6321935	Employee (plan)	$205,359
M. GONOUD1+ years Service code 30 · EIN 13-6321935	Employee (plan)	$205,359
GORDON ASSET MANAGEMENT1+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Employee (plan)	$205,359
SCHULTHEIS & PANETTIERI, LLP1+ years Service code 10 · EIN 13-1577780	Accounting	$161,834
M. MONTERROSO1+ years Service code 30 · EIN 13-6321935	Employee (plan)	$143,595
THE SEGAL COMPANY1+ years Filed as: SEGAL ROGERSCASEY Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
M. COSTIGLIOLA1+ years Service code 30 · EIN 13-6321935	Employee (plan)	$72,342
A. DAVIS1+ years Service code 30 · EIN 13-6321935	Employee (plan)	$60,119
BRADY, MCGUIRE & STEINBERG, PC1+ years Filed as: BRADY, MCGUIRE, & STEINBERG Service code 29 · EIN 13-4089943	Legal	$58,615
L. LUPFER1+ years Service code 30 · EIN 13-6321935	Employee (plan)	$51,983

Plan features & details

Pension benefit codes2E2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$618K

$470 / participant

Investment mgmt$74K11.9%
Other / not subdivided$544K88.1%

% of EOY assets

0.099%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$373,853

$75,760+393.5%

$123,105+203.7%

$59,188+531.6%

Participation rate

100.0%

86.0%+14.0pp

86.8%+13.2pp

69.4%+30.6pp

Annual return

1.64%

2.93%-1.3pp

13.22%-11.6pp

5.51%-3.9pp

Employer contribution / active EE

$23,001

$3,415+573.4%

$5,151+346.5%

$2,098+996.4%

Participant deferral / active EE

$1,504

$5,000-69.9%

$6,229-75.9%

$3,265-53.9%

Admin fee / account holder

$371

$61+511.0%

$9,014-95.9%

$92+302.4%

Provider

Service type

Compensation

WRIGHT FORD YOUNG & CO1+ years

Filed as: A. WRIGHT

Service code 30 · EIN 13-6321935

Employee (plan)

$205,359

M. GONOUD1+ years

Service code 30 · EIN 13-6321935

Employee (plan)

$205,359

GORDON ASSET MANAGEMENT1+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Employee (plan)

$205,359

SCHULTHEIS & PANETTIERI, LLP1+ years

Service code 10 · EIN 13-1577780

Accounting

$161,834

M. MONTERROSO1+ years

Service code 30 · EIN 13-6321935

Employee (plan)

$143,595

THE SEGAL COMPANY1+ years

Filed as: SEGAL ROGERSCASEY

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

M. COSTIGLIOLA1+ years

Service code 30 · EIN 13-6321935

Employee (plan)

$72,342

A. DAVIS1+ years

Service code 30 · EIN 13-6321935

Employee (plan)

$60,119

BRADY, MCGUIRE & STEINBERG, PC1+ years

Filed as: BRADY, MCGUIRE, & STEINBERG

Service code 29 · EIN 13-4089943

Legal

$58,615

L. LUPFER1+ years

Service code 30 · EIN 13-6321935

Employee (plan)

$51,983

I.U.O.E. LOCAL 14-14B ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.U.O.E. LOCAL 14-14B 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