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 (2018) 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 2018

159-18 NORTHERN BOULEVARD - FLUSHING, NY 11358718-939-1489

Prospect flagsHigh feesHigh assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$722.3M

-6.7% from 2016

Total participants

1,769

-1.0% from 2016

Average account balance

$408,303

-5.8% from 2016

Annual return

-0.45%

-3.12 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
WRIGHT FORD YOUNG & CO4+ years Filed as: A. WRIGHT Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$230,058
M. GONOUD4+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$230,058
GORDON ASSET MANAGEMENT4+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$230,058
M. MONTERROSO4+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$225,547
R. STREETER3 years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$221,586
SCHULTHEIS & PANETTIERI, LLP4+ years Service code 10 · EIN 13-1577780	Accounting	$163,770
M. COSTIGLIOLA4+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$82,206
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
A. DAVIS4+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$67,223
T. BROGAN1 year Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$65,588

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

$624K

$475 / participant

Investment mgmt$74K11.8%
Other / not subdivided$550K88.2%

% of EOY assets

0.086%

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

$408,303

$82,546+394.6%

$140,019+191.6%

$75,289+442.3%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

72.4%+27.6pp

Annual return

-0.45%

-0.36%-0.1pp

651.19%-651.6pp

-0.04%-0.4pp

Employer contribution / active EE

$21,686

$3,856+462.4%

$5,605+286.9%

$2,405+801.7%

Participant deferral / active EE

$873

$5,731-84.8%

$6,927-87.4%

$3,739-76.7%

Admin fee / account holder

$353

$86+311.1%

$10,705-96.7%

$102+244.7%

Provider

Service type

Compensation

WRIGHT FORD YOUNG & CO4+ years

Filed as: A. WRIGHT

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$230,058

M. GONOUD4+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$230,058

GORDON ASSET MANAGEMENT4+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$230,058

M. MONTERROSO4+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$225,547

R. STREETER3 years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$221,586

SCHULTHEIS & PANETTIERI, LLP4+ years

Service code 10 · EIN 13-1577780

Accounting

$163,770

M. COSTIGLIOLA4+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$82,206

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

A. DAVIS4+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$67,223

T. BROGAN1 year

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$65,588

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