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 (2016) 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 2016

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1085.7M

-5.9% from 2016

Total participants

7,524

-4.6% from 2016

Average account balance

$144,301

-1.4% from 2016

Annual return

6.17%

-5.87 pp from 2016

Benchmarks

See 85 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort85 peers

Snapshot2016

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

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

Service providers

Top 10 of 28 by compensation

Provider	Service type	Compensation
EAGLE CAPITAL MANAGEMENT, LLC2+ years Filed as: EAGLE CAPITAL MANAGEMENT LLC Service code 28 · EIN 22-3361201	Investment Management	$254,438
METROPOLITAN WEST ASSET MANAGEMENT2+ years Filed as: TCW INVESTMENT MGMT CO Service code 28 · EIN 95-3703295	Investment Management	$173,176
CAMBIAR INVESTORS LLC2+ years Service code 28 · EIN 84-1596610	Investment Management	$166,095
SHEEHAN & COMPANY2+ years Filed as: P. SHEEHAN Service code 30 · EIN 13-6817367	Direct payment from the plan; Employe...	$143,785
SCHULTHEIS & PANETTIERI, LLP2+ years Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$134,698
STACEY BRAUN ASSOCIATES, INC.2+ years Filed as: STACEY BRAUN ASSOCIATES INC. Service code 28 · EIN 13-2889432	Investment Management	$133,547
INVESCO2+ years Filed as: INVESCO ADVISERS INC. Service code 28 · EIN 58-1707262	Investment Management	$111,902
MADISON INVESTMENT ADVISORS2+ years Filed as: MADISON INVESTMENT ADVISORS INC. Service code 28 · EIN 54-1815009	Investment Management	$109,999
RENAISSANCE2+ years Filed as: RENAISSANCE INVESTMENT MGMT Service code 28 · EIN 31-1448100	Investment Management	$87,976
C. BAFFUTO2+ years Service code 30 · EIN 13-6817367	Direct payment from the plan; Employe...	$87,752

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

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$2.3M

$396 / participant

Investment mgmt$1M58.1%
Other / not subdivided$975K41.9%

% of EOY assets

0.214%

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

$144,301

$82,683+74.5%

$133,975+7.7%

$65,292+121.0%

Participation rate

100.0%

87.3%+12.7pp

87.1%+12.9pp

72.4%+27.6pp

Annual return

6.17%

9.63%-3.5pp

29.29%-23.1pp

11.84%-5.7pp

Employer contribution / active EE

$8,812

$3,583+145.9%

$5,211+69.1%

$2,302+282.8%

Participant deferral / active EE

$5,190-100.0%

$6,282-100.0%

$3,579-100.0%

Admin fee / account holder

$309

$66+370.5%

$9,324-96.7%

$57+439.0%

Provider

Service type

Compensation

EAGLE CAPITAL MANAGEMENT, LLC2+ years

Filed as: EAGLE CAPITAL MANAGEMENT LLC

Service code 28 · EIN 22-3361201

Investment Management

$254,438

METROPOLITAN WEST ASSET MANAGEMENT2+ years

Filed as: TCW INVESTMENT MGMT CO

Service code 28 · EIN 95-3703295

Investment Management

$173,176

CAMBIAR INVESTORS LLC2+ years

Service code 28 · EIN 84-1596610

Investment Management

$166,095

SHEEHAN & COMPANY2+ years

Filed as: P. SHEEHAN

Service code 30 · EIN 13-6817367

Direct payment from the plan; Employe...

$143,785

SCHULTHEIS & PANETTIERI, LLP2+ years

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$134,698

STACEY BRAUN ASSOCIATES, INC.2+ years

Filed as: STACEY BRAUN ASSOCIATES INC.

Service code 28 · EIN 13-2889432

Investment Management

$133,547

INVESCO2+ years

Filed as: INVESCO ADVISERS INC.

Service code 28 · EIN 58-1707262

Investment Management

$111,902

MADISON INVESTMENT ADVISORS2+ years

Filed as: MADISON INVESTMENT ADVISORS INC.

Service code 28 · EIN 54-1815009

Investment Management

$109,999

RENAISSANCE2+ years

Filed as: RENAISSANCE INVESTMENT MGMT

Service code 28 · EIN 31-1448100

Investment Management

$87,976

C. BAFFUTO2+ years

Service code 30 · EIN 13-6817367

Direct payment from the plan; Employe...

$87,752

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