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 (2019) 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 2019

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

Prospect flagsLow returnsHigh feesHigh assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$801.4M

-6.7% from 2016

Total participants

1,733

-1.0% from 2016

Average account balance

$462,458

-5.8% from 2016

Annual return

10.85%

-3.12 pp from 2016

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

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 16 by compensation

Provider	Service type	Compensation
M. GONOUD5+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$238,949
GORDON ASSET MANAGEMENT5+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$238,949
M. MONTERROSO5+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$234,322
R. STREETER4 years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$230,187
T. BROGAN2 years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$205,348
SCHULTHEIS & PANETTIERI, LLP5+ years Service code 10 · EIN 13-1577780	Accounting	$152,742
M. COSTIGLIOLA5+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$83,235
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
A. DAVIS5+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$70,571
L. LUPFER5+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$63,199

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

5 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$649K

$481 / participant

Investment mgmt$74K11.3%
Other / not subdivided$575K88.7%

% of EOY assets

0.081%

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

$462,458

$95,776+382.9%

$162,185+185.1%

$77,775+494.6%

Participation rate

100.0%

88.6%+11.4pp

87.6%+12.4pp

73.2%+26.8pp

Annual return

10.85%

37.03%-26.2pp

115.61%-104.8pp

32.58%-21.7pp

Employer contribution / active EE

$19,405

$3,874+400.9%

$5,613+245.7%

$2,504+675.0%

Participant deferral / active EE

$745

$6,125-87.8%

$7,297-89.8%

$3,966-81.2%

Admin fee / account holder

$374

$88+327.1%

$10,844-96.5%

$100+274.2%

Provider

Service type

Compensation

M. GONOUD5+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$238,949

GORDON ASSET MANAGEMENT5+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$238,949

M. MONTERROSO5+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$234,322

R. STREETER4 years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$230,187

T. BROGAN2 years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$205,348

SCHULTHEIS & PANETTIERI, LLP5+ years

Service code 10 · EIN 13-1577780

Accounting

$152,742

M. COSTIGLIOLA5+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$83,235

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

A. DAVIS5+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$70,571

L. LUPFER5+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$63,199

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