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 (2023) 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 2023

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)

$834.6M

-6.7% from 2016

Total participants

1,775

-1.0% from 2016

Average account balance

$470,220

-5.8% from 2016

Annual return

9.65%

-3.12 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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
GORDON ASSET MANAGEMENT9+ years Filed as: T. GORDON Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$265,398
M. MONTERROSO9+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$260,421
R. STREETER8 years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$255,787
SCHULTHEIS & PANETTIERI, LLP9+ years Service code 10 · EIN 13-1577780	Accounting	$227,120
DUNN AND WALLBAUM LLC2 years Filed as: M. DUNN Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$211,584
WITHUMSMITH+BROWN, PC1 year Filed as: D. BROWN Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$204,750
A. DAVIS9+ years Service code 30 · EIN 13-6321935	Employee (plan); Direct payment from ...	$79,965
THE SEGAL COMPANY7 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$73,500
L. LUPFER9+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$71,125
E. MAGALLENES9+ years Service code 30 · EIN 13-6321935	Direct payment from the plan; Employe...	$60,931

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

$770K

$659 / participant

Recordkeeping$165K21.4%
Investment mgmt$74K9.5%
Legal$49K6.4%
Actuarial$32K4.2%
Salaries / allowances$196K25.5%
Other / not subdivided$253K32.9%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

5 / 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: $57,980
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$470,220

$88,479+431.4%

$96,543+387.1%

$80,187+486.4%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

9.65%

22.53%-12.9pp

35.75%-26.1pp

40.40%-30.7pp

Employer contribution / active EE

$17,392

$4,177+316.4%

$3,741+365.0%

$2,980+483.7%

Participant deferral / active EE

$739

$3,961-81.3%

$4,880-84.9%

$5,016-85.3%

Admin fee / account holder

$434

$211+105.1%

$6,737-93.6%

$145+199.1%

Provider

Service type

Compensation

GORDON ASSET MANAGEMENT9+ years

Filed as: T. GORDON

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$265,398

M. MONTERROSO9+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$260,421

R. STREETER8 years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$255,787

SCHULTHEIS & PANETTIERI, LLP9+ years

Service code 10 · EIN 13-1577780

Accounting

$227,120

DUNN AND WALLBAUM LLC2 years

Filed as: M. DUNN

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$211,584

WITHUMSMITH+BROWN, PC1 year

Filed as: D. BROWN

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$204,750

A. DAVIS9+ years

Service code 30 · EIN 13-6321935

Employee (plan); Direct payment from ...

$79,965

THE SEGAL COMPANY7 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$73,500

L. LUPFER9+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$71,125

E. MAGALLENES9+ years

Service code 30 · EIN 13-6321935

Direct payment from the plan; Employe...

$60,931

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