Retirement plan

INTERNATIONAL UNION OF ELECTRICAL LOCAL 431 PENSION FUND

Name: LOCAL 431 PENSION FUND - INTERNATIONAL UNION OF ELECTRICAL LOCAL 431 PENSION FUND (2016) Form 5500
Creator: LOCAL 431 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF ELECTRICAL LOCAL 431 PENSION FUND, LOCAL 431 PENSION FUND

LOCAL 431 PENSION FUNDEIN 13-6696565Plan #001PY 2016

333 WESTCHESTER AVENUE - WHITE PLAINS, NY 10604914-367-5000LinkedIn1-10 employeescivic & social organization

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$355K

No prior year

Total participants

725

No prior year

Average account balance

No prior year

Annual return

297.36%

No prior year

Benchmarks

See 237 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Cohort237 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$315K

Not enough data

1 years with asset history on file

Average account balance

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

$773

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.

407

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+171.90%

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMALGAMATED1+ years Filed as: ALICARE Service code 13 · EIN 13-3432221 333 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604	Contract Administrator	$64,969
GITOMER & BERENHOLZ, PC1+ years Service code 10 · EIN 23-2749598 445 SHADY LANE · HUNTINGDON VALLEY, PA 19006	Accounting	$15,000
KENNEDY CAPITAL MANAGEMENT1+ years Filed as: KENNEDY, JENNIK & MURRAY, P.C. Service code 29 · EIN 13-2956839 113 UNIVERSITY PLACE · NEW YORK, NY 100034578	Legal	$5,930
THE SEGAL COMPANY1+ years Service code 11 · EIN 13-1835864 333 WEST 34TH STREET · NEW YORK, NY 100012402	Actuarial	$0

Plan features & details

Pension benefit codes1B1I

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$116K

Contract admin$65K56.1%
Other / not subdivided$51K43.9%

% of EOY assets

32.559%

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: GITOMER & BERENHOLZ, PC
Auditor EIN: 232749598
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$415,031-100.0%

$374,107-100.0%

Participation rate

0.0%

0.0%0pp

22.0%-22.0pp

Annual return

297.36%

15.23%+282.1pp

4.74%+292.6pp

Employer contribution / active EE

$39,272-100.0%

$36,089-100.0%

Participant deferral / active EE

$59-100.0%

Admin fee / account holder

$113,846-100.0%

$10,677-100.0%

Provider

Service type

Compensation

AMALGAMATED1+ years

Filed as: ALICARE

Service code 13 · EIN 13-3432221

333 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604

Contract Administrator

$64,969

GITOMER & BERENHOLZ, PC1+ years

Service code 10 · EIN 23-2749598

445 SHADY LANE · HUNTINGDON VALLEY, PA 19006

Accounting

$15,000

KENNEDY CAPITAL MANAGEMENT1+ years

Filed as: KENNEDY, JENNIK & MURRAY, P.C.

Service code 29 · EIN 13-2956839

113 UNIVERSITY PLACE · NEW YORK, NY 100034578

Legal

$5,930

THE SEGAL COMPANY1+ years

Service code 11 · EIN 13-1835864

333 WEST 34TH STREET · NEW YORK, NY 100012402

Actuarial

INTERNATIONAL UNION OF ELECTRICAL LOCAL 431 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF ELECTRICAL LOCAL 431 PENSION 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