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 (2020) 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 2020

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)

$821.8M

+2.5% from 2019

Total participants

1,751

+1.0% from 2019

Average account balance

$469,340

+1.5% from 2019

Annual return

7.78%

-3.07 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

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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

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 of 16 by compensation

Provider	Service type	Compensation
M. GONOUD6+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$247,816
GORDON ASSET MANAGEMENT6+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$247,816
M. MONTERROSO6+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$242,729
R. STREETER5 years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$238,748
T. BROGAN3 years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$213,039
SCHULTHEIS & PANETTIERI, LLP6+ years Service code 10 · EIN 13-1577780	Accounting	$159,424
M. COSTIGLIOLA6+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$78,066
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
A. DAVIS6+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$73,396
E. MAGALLENES6+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$52,386

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

$630K

$483 / participant

Investment mgmt$74K11.7%
Other / not subdivided$557K88.3%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

1 / 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: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
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

$469,340

$81,719+474.3%

$101,248+363.6%

$90,288+419.8%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

7.78%

337.64%-329.9pp

46.47%-38.7pp

53.97%-46.2pp

Employer contribution / active EE

$17,547

$3,622+384.4%

$3,660+379.5%

$2,524+595.2%

Participant deferral / active EE

$847

$3,310-74.4%

$4,370-80.6%

$4,232-80.0%

Admin fee / account holder

$360

$162+122.4%

$5,945-93.9%

$114+215.7%

Provider

Service type

Compensation

M. GONOUD6+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$247,816

GORDON ASSET MANAGEMENT6+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$247,816

M. MONTERROSO6+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$242,729

R. STREETER5 years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$238,748

T. BROGAN3 years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$213,039

SCHULTHEIS & PANETTIERI, LLP6+ years

Service code 10 · EIN 13-1577780

Accounting

$159,424

M. COSTIGLIOLA6+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$78,066

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

A. DAVIS6+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$73,396

E. MAGALLENES6+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$52,386

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