Retirement plan

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 ANNUITY FUND

Name: BOARD OF TRUSTEES OF LOCAL 40 ANNUITY FUND - INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 ANNUITY FUND (2019) Form 5500
Creator: BOARD OF TRUSTEES OF LOCAL 40 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 ANNUITY FUND, BOARD OF TRUSTEES OF LOCAL 40 ANNUITY FUND

BOARD OF TRUSTEES OF LOCAL 40 ANNUITY FUNDEIN 14-1514924Plan #002PY 2019

THREE GATEWAY CENTER, 401 LIBERTY AVENUE, SUITE 1200 - PITTSBURG, PA 152220000203-949-3244

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.4M

+16.9% from 2018

Total participants

118

-11.9% from 2018

Average account balance

$63,096

+32.8% from 2018

Annual return

18.35%

+24.11 pp from 2018

Benchmarks

See 167 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort167 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.46M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

129

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

$849K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 2 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085	Advisory (Plan)	$20,271
TEAL, BECKER & CHIARAMONTE CPAS PC5+ years Filed as: TEAL, BECKER & CHIARAMONTE Service code 10 · EIN 14-1624930	Accounting	$11,454

Plan features & details

Pension benefit codes2E2F2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$26K

$263 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.350%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEAL, BECKER & CHIARAMONTE CPAS PC
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,096

$183,540-65.6%

$92,909-32.1%

Participation rate

100.0%

69.1%+30.9pp

76.0%+24.0pp

Annual return

18.35%

7.80%+10.5pp

109.44%-91.1pp

Employer contribution / active EE

$6,635

$2,217+199.3%

$3,653+81.6%

Participant deferral / active EE

$3,031-100.0%

$4,238-100.0%

Admin fee / account holder

$221

$9,074-97.6%

$5,795-96.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$20,271

TEAL, BECKER & CHIARAMONTE CPAS PC5+ years

Filed as: TEAL, BECKER & CHIARAMONTE

Service code 10 · EIN 14-1624930

Accounting

$11,454

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 ANNUITY 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