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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1660.4M

-5.9% from 2016

Total participants

7,874

-4.6% from 2016

Average account balance

$210,872

-1.4% from 2016

Annual return

14.88%

-5.87 pp from 2016

Benchmarks

See 70 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort70 peers

Snapshot2023

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 24 by compensation

Provider	Service type	Compensation
EAGLE CAPITAL MANAGEMENT, LLC1 year Service code 28 · EIN 22-3361201	Investment Management	$340,139
JP MORGAN INVESTMENT MANAGEMENT INC4 years Filed as: WCM INVESTMENT MANAGEMENT, LLC Service code 28 · EIN 95-3046237	Investment Management	$336,053
PROSKAUER ROSE LLP1 year Filed as: PROSKAUER ROSE, LLP Service code 29 · EIN 13-1840454	Legal	$326,302
MADISON INVESTMENT ADVISORS1 year Filed as: MADISON INVESTMENT ADVISORS, LLC Service code 28 · EIN 54-1815009	Investment Management	$187,704
O'CONNOR DAVIES, LLP5 years Filed as: M. O'CONNOR Service code 30 · EIN 13-6817367	Employee (plan); Direct payment from ...	$173,942
SCHULTHEIS & PANETTIERI, LLP1 year Service code 10 · EIN 13-1577780	Accounting	$129,833
AMERICAN REALTY ADVISORS1 year Filed as: MACKAY SHIELDS, LLC Service code 28 · EIN 13-5582869	Investment Management	$128,520
STACEY BRAUN ASSOCIATES, INC.9+ years Filed as: STACEY BRAUN ASSOCIATES INC. Service code 28 · EIN 13-2889432	Investment Management	$124,313
C. BAFFUTO9+ years Service code 30 · EIN 13-6817367	Employee (plan); Direct payment from ...	$123,080
K. ANTONACCIO9+ years Service code 30 · EIN 13-6817367	Direct payment from the plan; Employe...	$102,680

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

$2.8M

$487 / participant

Recordkeeping$55K1.9%
Investment mgmt$1M46.6%
Legal$421K14.8%
Actuarial$26K0.9%
Salaries / allowances$580K20.4%
Other / not subdivided$433K15.3%

% of EOY assets

0.171%

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: $75,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,872

$74,831+181.8%

$96,543+118.4%

$103,657+103.4%

Participation rate

100.0%

83.1%+16.9pp

74.3%+25.7pp

73.4%+26.6pp

Annual return

14.88%

16.15%-1.3pp

35.75%-20.9pp

33.13%-18.3pp

Employer contribution / active EE

$11,776

$3,888+202.9%

$3,741+214.8%

$3,216+266.2%

Participant deferral / active EE

$3,896-100.0%

$4,880-100.0%

$5,218-100.0%

Admin fee / account holder

$360

$130+176.7%

$6,737-94.7%

$114+215.4%

Provider

Service type

Compensation

EAGLE CAPITAL MANAGEMENT, LLC1 year

Service code 28 · EIN 22-3361201

Investment Management

$340,139

JP MORGAN INVESTMENT MANAGEMENT INC4 years

Filed as: WCM INVESTMENT MANAGEMENT, LLC

Service code 28 · EIN 95-3046237

Investment Management

$336,053

PROSKAUER ROSE LLP1 year

Filed as: PROSKAUER ROSE, LLP

Service code 29 · EIN 13-1840454

Legal

$326,302

MADISON INVESTMENT ADVISORS1 year

Filed as: MADISON INVESTMENT ADVISORS, LLC

Service code 28 · EIN 54-1815009

Investment Management

$187,704

O'CONNOR DAVIES, LLP5 years

Filed as: M. O'CONNOR

Service code 30 · EIN 13-6817367

Employee (plan); Direct payment from ...

$173,942

SCHULTHEIS & PANETTIERI, LLP1 year

Service code 10 · EIN 13-1577780

Accounting

$129,833

AMERICAN REALTY ADVISORS1 year

Filed as: MACKAY SHIELDS, LLC

Service code 28 · EIN 13-5582869

Investment Management

$128,520

STACEY BRAUN ASSOCIATES, INC.9+ years

Filed as: STACEY BRAUN ASSOCIATES INC.

Service code 28 · EIN 13-2889432

Investment Management

$124,313

C. BAFFUTO9+ years

Service code 30 · EIN 13-6817367

Employee (plan); Direct payment from ...

$123,080

K. ANTONACCIO9+ years

Service code 30 · EIN 13-6817367

Direct payment from the plan; Employe...

$102,680

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