Retirement plan

PENSION FUND OF LOCAL NO. ONE OF I. A. T. S. E.

Name: BOARD OF TRUSTEES, PENSION FUND OF LOCAL NO. ONE OF I.A.T.S.E. - PENSION FUND OF LOCAL NO. ONE OF I. A. T. S. E. (2020) Form 5500
Creator: BOARD OF TRUSTEES, PENSION FUND OF LOCAL NO. ONE OF I.A.T.S.E.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION FUND OF LOCAL NO. ONE OF I. A. T. S. E., BOARD OF TRUSTEES, PENSION FUND OF LOCAL NO. ONE OF I.A.T.S.E.

BOARD OF TRUSTEES, PENSION FUND OF LOCAL NO. ONE OF I.A.T.S.E.EIN 13-6414973Plan #001PY 2020

320 WEST 46TH STREET, 6TH FLOOR - NEW YORK, NY 100363845212-247-5225

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$582.6M

-3.9% from 2016

Total participants

4,216

-5.4% from 2016

Average account balance

No prior year

Annual return

11.35%

-6.02 pp from 2016

Benchmarks

See 977 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort977 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$664.83M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$154K

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.

2,055

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+7.43%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

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 26 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN INV MGMT INC. Service code 27 · EIN 13-3200244	Advisory (Plan)	$889,841
ULLICO1 year Filed as: ULLICO INVESTMENT ADVISORS INC. Service code 28 · EIN 52-6435649	Investment Management	$419,936
INDEPENDENT FINANCIAL PARTNERS5 years Filed as: EPOCH INVESTMENT PARTNERS INC Service code 28 · EIN 20-1003862	Investment Management	$242,035
SCOTT COOL6+ years Service code 30 · EIN 13-6414973	Direct payment from the plan; Employe...	$223,696
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON INV MGMT, CAYMAN LTD Service code 28	Investment Management	$196,212
LOOMIS SAYLES4 years Filed as: LOOMIS SAYLES AND COMPANY Service code 28 · EIN 04-3200030	Investment Management	$179,232
PROSKAUER ROSE LLP5 years Service code 29 · EIN 13-1840454	Legal	$144,506
SPIVAK LIPTON LLP4 years Service code 29 · EIN 13-3494495	Legal	$141,950
THE SEGAL COMPANY1 year Filed as: THE SEGAL CO (EASTERN STATES), INC. Service code 11 · EIN 13-1835864	Actuarial	$140,950
DUCENTA SQUARED ASSET MANAGEMENT1 year Service code 28 · EIN 85-0584508	Investment Management	$139,080

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3.3M

$1359 / participant

Investment mgmt$2M67.6%
Other / not subdivided$1M32.4%

% of EOY assets

0.574%

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

$282,126-100.0%

Participation rate

0.0%

0.0%0pp

41.9%-41.9pp

0.0%0pp

Annual return

11.35%

12.86%-1.5pp

1087.39%-1076.0pp

12.86%-1.5pp

Employer contribution / active EE

$3,450

$13,687-74.8%

$42,245-91.8%

$13,687-74.8%

Participant deferral / active EE

$833-100.0%

$120-100.0%

$833-100.0%

Admin fee / account holder

$2,639-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN INV MGMT INC.

Service code 27 · EIN 13-3200244

Advisory (Plan)

$889,841

ULLICO1 year

Filed as: ULLICO INVESTMENT ADVISORS INC.

Service code 28 · EIN 52-6435649

Investment Management

$419,936

INDEPENDENT FINANCIAL PARTNERS5 years

Filed as: EPOCH INVESTMENT PARTNERS INC

Service code 28 · EIN 20-1003862

Investment Management

$242,035

SCOTT COOL6+ years

Service code 30 · EIN 13-6414973

Direct payment from the plan; Employe...

$223,696

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON INV MGMT, CAYMAN LTD

Service code 28

Investment Management

$196,212

LOOMIS SAYLES4 years

Filed as: LOOMIS SAYLES AND COMPANY

Service code 28 · EIN 04-3200030

Investment Management

$179,232

PROSKAUER ROSE LLP5 years

Service code 29 · EIN 13-1840454

Legal

$144,506

SPIVAK LIPTON LLP4 years

Service code 29 · EIN 13-3494495

Legal

$141,950

THE SEGAL COMPANY1 year

Filed as: THE SEGAL CO (EASTERN STATES), INC.

Service code 11 · EIN 13-1835864

Actuarial

$140,950

DUCENTA SQUARED ASSET MANAGEMENT1 year

Service code 28 · EIN 85-0584508

Investment Management

$139,080

PENSION FUND OF LOCAL NO. ONE OF I. A. T. S. E.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION FUND OF LOCAL NO. ONE OF I. A. T. S. E.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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