Retirement plan

STAFF DC PLAN FOR HEAVY AND GENERAL LABORERS LOCALS 472 & 172 EMPLOYEE BENEFIT FUND

Name: HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY EMP BEN - STAFF DC PLAN FOR HEAVY AND GENERAL LABORERS LOCALS 472 & 172 EMPLOYEE BENEFIT FUND (2021) Form 5500
Creator: HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY EMP BEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAFF DC PLAN FOR HEAVY AND GENERAL LABORERS LOCALS 472 & 172 EMPLOYEE BENEFIT FUND, HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY EMP BEN

HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY EMP BENEIN 22-1481564Plan #002PY 2021

700 RAYMOND BLVD - NEWARK, NJ 07105973-589-5050njseed.orgLinkedIn51-200 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.4M

+12.5% from 2020

Total participants

+1.3% from 2020

Average account balance

$80,314

+11.1% from 2020

Annual return

10.04%

-3.03 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.84M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

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.

151.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$357K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5702

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C3D2T3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$167K

$2694 / participant

Other / not subdivided$167K100.0%

% of EOY assets

2.599%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,314

$78,670+2.1%

$109,173-26.4%

$85,847-6.4%

Participation rate

100.0%

68.3%+31.7pp

75.9%+24.1pp

69.3%+30.7pp

Annual return

10.04%

25.09%-15.0pp

25.75%-15.7pp

318.61%-308.6pp

Employer contribution / active EE

$4,954

$2,734+81.2%

$3,723+33.1%

$2,565+93.1%

Participant deferral / active EE

$3,467-100.0%

$4,654-100.0%

$3,952-100.0%

Admin fee / account holder

$2,088

$5,469-61.8%

$6,755-69.1%

$6,261-66.7%

STAFF DC PLAN FOR HEAVY AND GENERAL LABORERS LOCALS 472 & 172 EMPLOYEE BENEFIT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAFF DC PLAN FOR HEAVY AND GENERAL LABORERS LOCALS 472 & 172 EMPLOYEE BENEFIT 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