Retirement plan

ANNUITY FD OF THE IUOE LOCAL UNION 94, 94A, 94B AFL-CIO

Name: BD OF TRUSTEES ANNUITY FUND OF THE IUOE LCL UNION 94, 94A, 94B AFL-CIO - ANNUITY FD OF THE IUOE LOCAL UNION 94, 94A, 94B AFL-CIO (2024) Form 5500
Creator: BD OF TRUSTEES ANNUITY FUND OF THE IUOE LCL UNION 94, 94A, 94B AFL-CIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNUITY FD OF THE IUOE LOCAL UNION 94, 94A, 94B AFL-CIO, BD OF TRUSTEES ANNUITY FUND OF THE IUOE LCL UNION 94, 94A, 94B AFL-CIO

BD OF TRUSTEES ANNUITY FUND OF THE IUOE LCL UNION 94, 94A, 94B AFL-CIOEIN 13-6817367Plan #001PY 2024

331-337 WEST 44TH STREET - NEW YORK, NY 100365402212-541-9880

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1821.8M

-5.9% from 2016

Total participants

7,900

-4.6% from 2016

Average account balance

$230,609

-1.4% from 2016

Annual return

11.45%

-5.87 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort80 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82B

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

7,900

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

$70.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$398

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
EAGLE CAPITAL MANAGEMENT, LLC2 years Service code 28 · EIN 22-3361201	Investment Management	$388,527
JP MORGAN INVESTMENT MANAGEMENT INC5 years Filed as: WCM INVESTMENT MANAGEMENT, LLC Service code 28 · EIN 95-3046237	Investment Management	$381,830
PROSKAUER ROSE LLP2 years Filed as: PROSKAUER ROSE, LLP Service code 29 · EIN 13-1840454	Legal	$376,914
MADISON INVESTMENT ADVISORS2 years Filed as: MADISON INVESTMENT ADVISORS, LLC Service code 28 · EIN 54-1815009	Investment Management	$200,168
O'CONNOR DAVIES, LLP6 years Filed as: M. O'CONNOR Service code 30 · EIN 13-6817367	Employee (plan); Direct payment from ...	$181,832
AMERICAN REALTY ADVISORS2 years Filed as: MACKAY SHIELDS, LLC Service code 28 · EIN 13-5582869	Investment Management	$141,140
STACEY BRAUN ASSOCIATES, INC.10+ years Filed as: STACEY BRAUN ASSOCIATES INC. Service code 28 · EIN 13-2889432	Investment Management	$140,674
SCHULTHEIS & PANETTIERI, LLP2 years Service code 10 · EIN 13-1577780	Accounting	$132,584
C. BAFFUTO10+ years Service code 30 · EIN 13-6817367	Direct payment from the plan; Employe...	$111,857
K. ANTONACCIO10+ years Service code 30 · EIN 13-6817367	Direct payment from the plan; Employe...	$106,385

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$3.1M

$534 / participant

Recordkeeping$52K1.7%
Investment mgmt$2M48.1%
Legal$481K15.3%
Actuarial$21K0.7%
Salaries / allowances$586K18.7%
Other / not subdivided$490K15.6%

% of EOY assets

0.172%

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: $80,150
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$230,609

$86,936+165.3%

$102,437+125.1%

$99,313+132.2%

Participation rate

100.0%

81.7%+18.3pp

74.5%+25.5pp

71.7%+28.3pp

Annual return

11.45%

14.99%-3.5pp

24.95%-13.5pp

17.67%-6.2pp

Employer contribution / active EE

$12,031

$3,925+206.5%

$3,871+210.8%

$3,264+268.6%

Participant deferral / active EE

$3,825-100.0%

$5,060-100.0%

$5,346-100.0%

Admin fee / account holder

$398

$140+183.4%

$8,388-95.3%

$109+264.2%

Provider

Service type

Compensation

EAGLE CAPITAL MANAGEMENT, LLC2 years

Service code 28 · EIN 22-3361201

Investment Management

$388,527

JP MORGAN INVESTMENT MANAGEMENT INC5 years

Filed as: WCM INVESTMENT MANAGEMENT, LLC

Service code 28 · EIN 95-3046237

Investment Management

$381,830

PROSKAUER ROSE LLP2 years

Filed as: PROSKAUER ROSE, LLP

Service code 29 · EIN 13-1840454

Legal

$376,914

MADISON INVESTMENT ADVISORS2 years

Filed as: MADISON INVESTMENT ADVISORS, LLC

Service code 28 · EIN 54-1815009

Investment Management

$200,168

O'CONNOR DAVIES, LLP6 years

Filed as: M. O'CONNOR

Service code 30 · EIN 13-6817367

Employee (plan); Direct payment from ...

$181,832

AMERICAN REALTY ADVISORS2 years

Filed as: MACKAY SHIELDS, LLC

Service code 28 · EIN 13-5582869

Investment Management

$141,140

STACEY BRAUN ASSOCIATES, INC.10+ years

Filed as: STACEY BRAUN ASSOCIATES INC.

Service code 28 · EIN 13-2889432

Investment Management

$140,674

SCHULTHEIS & PANETTIERI, LLP2 years

Service code 10 · EIN 13-1577780

Accounting

$132,584

C. BAFFUTO10+ years

Service code 30 · EIN 13-6817367

Direct payment from the plan; Employe...

$111,857

K. ANTONACCIO10+ years

Service code 30 · EIN 13-6817367

Direct payment from the plan; Employe...

$106,385

ANNUITY FD OF THE IUOE LOCAL UNION 94, 94A, 94B AFL-CIO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNUITY FD OF THE IUOE LOCAL UNION 94, 94A, 94B AFL-CIO

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