Retirement plan

U.A. LOCAL UNION NO. 322 PENSION PLAN

Name: TRUSTEES, U.A. LOCAL 322 PENSION FUND - U.A. LOCAL UNION NO. 322 PENSION PLAN (2024) Form 5500
Creator: TRUSTEES, U.A. LOCAL 322 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL UNION NO. 322 PENSION PLAN, TRUSTEES, U.A. LOCAL 322 PENSION FUND

TRUSTEES, U.A. LOCAL 322 PENSION FUNDEIN 21-6016638Plan #001PY 2024

534 S. ROUTE 73 - HAMMONTON, NJ 080372401609-567-3322

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$128.4M

+18.4% from 2023

Total participants

1,690

+0.7% from 2023

Average account balance

No prior year

Annual return

22.13%

+17.11 pp from 2023

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$128.41M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

1,091

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

$14.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+22.13%

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC3 years Filed as: GC INVESTMENT MANAGEMENT LLC Service code 28 · EIN 46-1221982	Investment Management	$223,694
PFM ADVISORS6 years Filed as: PFM ASSET MANAGEMENT LLC Service code 28 · EIN 23-3087064	Investment Management	$191,894
BLACKSTONE9+ years Filed as: BLACKSTONE ALTERNATIVE ASSET MGT LP Service code 28 · EIN 13-3702086	Investment Management	$85,280
JOHN SHALOO9+ years Service code 30 · EIN 21-0699966	Employee (plan); Direct payment from ...	$73,109
THE MCKEOGH COMPANY9+ years Service code 11 · EIN 23-3003375	Actuarial	$70,833
PATRICIA DEPASCALE7 years Filed as: PATRICIA DUBOSQUE Service code 30 · EIN 21-0699966	Direct payment from the plan; Employe...	$49,864
NOVAK FRANCELLA LLC9+ years Service code 10 · EIN 61-1436956	Accounting	$36,250
PNC BANK, N.A.9+ years Filed as: PNC ADVISORS Service code 18 · EIN 23-0434340	Custodial (other than securities); In...	$17,945
O'DONOGHUE & O'DONOGHUE1 year Filed as: O'DONOGUE & O'DONOGHUE Service code 29 · EIN 53-0120528	Legal	$14,583
LINDABURY, MCCORMICK, ESTABROOK2 years Service code 29 53 CARDINAL DR · WESTFIELD, NJ 07090	Legal	$13,333

Enrolled actuary

1 attachment

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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

$780K

$1302 / participant

Trustee / custodial$18K2.3%
Investment mgmt$277K35.5%
Legal$28K3.6%
Actuarial$71K9.1%
Salaries / allowances$172K22.1%
Other trustee fees$9750.1%
Other / not subdivided$213K27.3%

% of EOY assets

0.607%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $36,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

22.13%

11.08%+11.1pp

8.10%+14.0pp

8.76%+13.4pp

Employer contribution / active EE

$24,936

$13,910+79.3%

$28,649-13.0%

$16,650+49.8%

Participant deferral / active EE

$6,458-100.0%

$10-100.0%

$948-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Filed as: GC INVESTMENT MANAGEMENT LLC

Service code 28 · EIN 46-1221982

Investment Management

$223,694

PFM ADVISORS6 years

Filed as: PFM ASSET MANAGEMENT LLC

Service code 28 · EIN 23-3087064

Investment Management

$191,894

BLACKSTONE9+ years

Filed as: BLACKSTONE ALTERNATIVE ASSET MGT LP

Service code 28 · EIN 13-3702086

Investment Management

$85,280

JOHN SHALOO9+ years

Service code 30 · EIN 21-0699966

Employee (plan); Direct payment from ...

$73,109

THE MCKEOGH COMPANY9+ years

Service code 11 · EIN 23-3003375

Actuarial

$70,833

PATRICIA DEPASCALE7 years

Filed as: PATRICIA DUBOSQUE

Service code 30 · EIN 21-0699966

Direct payment from the plan; Employe...

$49,864

NOVAK FRANCELLA LLC9+ years

Service code 10 · EIN 61-1436956

Accounting

$36,250

PNC BANK, N.A.9+ years

Filed as: PNC ADVISORS

Service code 18 · EIN 23-0434340

Custodial (other than securities); In...

$17,945

O'DONOGHUE & O'DONOGHUE1 year

Filed as: O'DONOGUE & O'DONOGHUE

Service code 29 · EIN 53-0120528

Legal

$14,583

LINDABURY, MCCORMICK, ESTABROOK2 years

Service code 29

53 CARDINAL DR · WESTFIELD, NJ 07090

Legal

$13,333

U.A. LOCAL UNION NO. 322 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL UNION NO. 322 PENSION PLAN

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