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 (2022) 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 2022

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)

$791.6M

-6.7% from 2016

Total participants

1,726

-1.0% from 2016

Average account balance

$458,652

-5.8% from 2016

Annual return

-6.61%

-3.12 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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 15 by compensation

Provider	Service type	Compensation
M. GONOUD8+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$257,082
GORDON ASSET MANAGEMENT8+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$257,082
M. MONTERROSO8+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$252,204
R. STREETER7 years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$247,737
DUNN AND WALLBAUM LLC1 year Filed as: M. DUNN Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$186,121
SCHULTHEIS & PANETTIERI, LLP8+ years Service code 10 · EIN 13-1577780	Accounting	$182,094
A. DAVIS2 years Filed as: A DAVIS Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$75,152
THE SEGAL COMPANY6 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
L. LUPFER8+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$68,296
E. MAGALLENES8+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$58,170

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

$676K

$570 / participant

Investment mgmt$74K10.9%
Other / not subdivided$603K89.1%

% of EOY assets

0.085%

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

$458,652

$76,774+497.4%

$112,270+308.5%

$77,906+488.7%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-6.61%

-10.25%+3.6pp

27.49%-34.1pp

12.16%-18.8pp

Employer contribution / active EE

$17,155

$3,977+331.4%

$3,635+371.9%

$2,846+502.7%

Participant deferral / active EE

$489

$3,778-87.1%

$4,729-89.7%

$4,805-89.8%

Admin fee / account holder

$392

$239+64.0%

$6,411-93.9%

$133+195.5%

Provider

Service type

Compensation

M. GONOUD8+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$257,082

GORDON ASSET MANAGEMENT8+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$257,082

M. MONTERROSO8+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$252,204

R. STREETER7 years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$247,737

DUNN AND WALLBAUM LLC1 year

Filed as: M. DUNN

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$186,121

SCHULTHEIS & PANETTIERI, LLP8+ years

Service code 10 · EIN 13-1577780

Accounting

$182,094

A. DAVIS2 years

Filed as: A DAVIS

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$75,152

THE SEGAL COMPANY6 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

L. LUPFER8+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$68,296

E. MAGALLENES8+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$58,170

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