Retirement plan

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

Name: INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORK - INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL NO. 40 PENSION FUND (2018) Form 5500
Creator: INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORK
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 PENSION FUND, INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORK

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKdba LOCAL NO. 40 PENSION FUNDEIN 14-6033598Plan #001PY 2018

890 THIRD STREET - ALBANY, NY 122061632518-489-6407

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$14.7M

+10.5% from 2017

Total participants

187

-9.7% from 2017

Average account balance

No prior year

Annual return

7.52%

-2.20 pp from 2017

Benchmarks

See 607 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants25-99

Cohort607 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.11M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

123

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.33%

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 8 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 18 · EIN 13-5674085	Sub-transfer agency fees; Custodial (...	$49,702
KATHY JAMES2 years Filed as: KATHY HAMM Service code 12 890 THIRD ST SUITE 10 · ALBANY, NY 122061624	Claims processing; Plan Administrator	$28,253
O'SULLIVAN ASSOCIATES3+ years Filed as: O'SULLIVAN ASSOCIATES, INC. Service code 11 · EIN 20-8199369	Actuarial	$18,401
TEAL, BECKER & CHIARAMONTE CPAS PC3+ years Service code 10 · EIN 14-1624930	Accounting	$11,440
WESTERN ASSET MANAGEMENT COMPANY3+ years Filed as: WESTERN ASSET MULTI CORE PLUS Service code 28 · EIN 13-3985152	Investment Management	$11,150
ROBERT S. CATAPANO-FRIEDMAN3+ years Service code 29 · EIN 14-1765503	Legal	$8,225
BOSTON PARTNERS3+ years Filed as: ROBECO BOSTON PARTNERS Service code 28 · EIN 13-5521910	Investment Management	$8,224
AB FUNDS3+ years Filed as: WINSLOW LARGE CAP GROWTH Service code 28 · EIN 47-0875103	Investment Management	$6,422

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

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

$181K

$2011 / participant

Investment mgmt$84K46.2%
Other / not subdivided$97K53.8%

% of EOY assets

1.230%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,028-100.0%

$379,314-100.0%

$105,125-100.0%

Participation rate

0.0%

2.9%-2.9pp

17.4%-17.4pp

14.6%-14.6pp

Annual return

7.52%

-1.56%+9.1pp

-2.18%+9.7pp

10.56%-3.0pp

Employer contribution / active EE

$17,774

$15,244+16.6%

$38,751-54.1%

$13,643+30.3%

Participant deferral / active EE

$27-100.0%

$151-100.0%

$62-100.0%

Admin fee / account holder

$922-100.0%

$4,180-100.0%

$3,354-100.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 18 · EIN 13-5674085

Sub-transfer agency fees; Custodial (...

$49,702

KATHY JAMES2 years

Filed as: KATHY HAMM

Service code 12

890 THIRD ST SUITE 10 · ALBANY, NY 122061624

Claims processing; Plan Administrator

$28,253

O'SULLIVAN ASSOCIATES3+ years

Filed as: O'SULLIVAN ASSOCIATES, INC.

Service code 11 · EIN 20-8199369

Actuarial

$18,401

TEAL, BECKER & CHIARAMONTE CPAS PC3+ years

Service code 10 · EIN 14-1624930

Accounting

$11,440

WESTERN ASSET MANAGEMENT COMPANY3+ years

Filed as: WESTERN ASSET MULTI CORE PLUS

Service code 28 · EIN 13-3985152

Investment Management

$11,150

ROBERT S. CATAPANO-FRIEDMAN3+ years

Service code 29 · EIN 14-1765503

Legal

$8,225

BOSTON PARTNERS3+ years

Filed as: ROBECO BOSTON PARTNERS

Service code 28 · EIN 13-5521910

Investment Management

$8,224

AB FUNDS3+ years

Filed as: WINSLOW LARGE CAP GROWTH

Service code 28 · EIN 47-0875103

Investment Management

$6,422

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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