Retirement plan

PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W 1158 ANNUITY PLAN AND TRUST

Name: PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W. LOCAL 1158 - PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W 1158 ANNUITY PLAN AND TRUST (2016) Form 5500
Creator: PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W. LOCAL 1158
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W 1158 ANNUITY PLAN AND TRUST, PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W. LOCAL 1158

PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W. LOCAL 1158EIN 22-0886457Plan #004PY 2016

600 WILSON AVENUE - NEWARK, NJ 07105973-344-1800

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4.8M

-2.7% from 2015

Total participants

578

-2.9% from 2015

Average account balance

$8,482

+1.9% from 2015

Annual return

-0.38%

+2.67 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.58M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

636

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632 34 WEST 52ND STREET · NEW YORK, NY 10019	Advisory (Plan)	$50,237
E.H. THOMSON & CO., INC.2+ years Service code 11 · EIN 22-2602083 800 THE PLAZA · SEA GIRT, NJ 08750	Actuarial	$32,475
ROSENBERG RICH BAKER BERMAN2+ years Filed as: ROSENBERG RICH BAKER BERMAN & CO., Service code 10 · EIN 22-3271252 265 DAVIDSON AVE · SOMERSET, NJ 08873	Accounting	$9,000

Plan features & details

Pension benefit codes2A2E2F2H2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$92K

$184 / participant

Investment mgmt$50K54.4%
Other / not subdivided$42K45.6%

% of EOY assets

1.917%

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: ROSENBERG RICH BAKER BERMAN & CO.
Auditor EIN: 223271252
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,482

$39,859-78.7%

$78,676-89.2%

$57,658-85.3%

Participation rate

98.0%

66.1%+31.9pp

73.6%+24.4pp

70.2%+27.8pp

Annual return

-0.38%

18.96%-19.3pp

62.19%-62.6pp

5.13%-5.5pp

Employer contribution / active EE

$1,096

$1,786-38.6%

$2,850-61.5%

$1,974-44.5%

Participant deferral / active EE

$2,248-100.0%

$3,517-100.0%

$3,061-100.0%

Admin fee / account holder

$163

$76+113.4%

$4,510-96.4%

$95+72.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

34 WEST 52ND STREET · NEW YORK, NY 10019

Advisory (Plan)

$50,237

E.H. THOMSON & CO., INC.2+ years

Service code 11 · EIN 22-2602083

800 THE PLAZA · SEA GIRT, NJ 08750

Actuarial

$32,475

ROSENBERG RICH BAKER BERMAN2+ years

Filed as: ROSENBERG RICH BAKER BERMAN & CO.,

Service code 10 · EIN 22-3271252

265 DAVIDSON AVE · SOMERSET, NJ 08873

Accounting

$9,000

PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W 1158 ANNUITY PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PASSAIC VALLEY SEWERAGE COMMISSION / I.B.E.W 1158 ANNUITY PLAN AND TRUST

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