Retirement plan

I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

Name: BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND - I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND (2016) Form 5500
Creator: BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND, BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

BOARD OF TRUSTEES I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUNDEIN 22-2410262Plan #001PY 2016

27 ROLAND AVENUE, SUITE 200 - MOUNT LAUREL, NJ 080541057732-545-3210

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$39.2M

-1.6% from 2015

Total participants

591

-3.0% from 2015

Average account balance

$74,259

+7.4% from 2015

Annual return

1.45%

+2.44 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.14M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

389

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.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 6 by compensation

Provider	Service type	Compensation
FRANK M. VACCARO & ASSOCIATES1 year Filed as: FRANK M. VACCARO & ASSOCIATES, INC. Service code 13 27 ROLAND AVE · MOUNT LAUREL, NJ 080541057	Contract Administrator	$73,188
MSPC1 year Filed as: MSPC, CPA'S AND ADVISORS, P.C. Service code 10 · EIN 22-2951202	Accounting	$24,820
METS SCHIRO & MCGOVERN1 year Filed as: METS SCHIRO AND MCGOVERN Service code 29 · EIN 75-3116930	Legal	$20,150
RBC WEALTH MANAGEMENT2+ years Service code 27 · EIN 23-2384840	Advisory (Plan)	$19,093
BASIL CASTROVINCI ASSOCIATES INC1 year Filed as: BASIL CASTROVINCI & ASSOCIATES, INC Service code 16 · EIN 13-2831500	Consulting	$10,200
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$1,750

Plan features & details

Pension benefit codes2C2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.

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

$171K

$296 / participant

Investment mgmt$19K11.1%
Contract admin$73K42.7%
Other / not subdivided$79K46.2%

% of EOY assets

0.437%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSPC CERTIFIED PUBLIC ACCOUNTANTS A
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,259

$57,921+28.2%

$84,753-12.4%

$57,658+28.8%

Participation rate

89.1%

72.9%+16.2pp

76.6%+12.5pp

70.2%+18.9pp

Annual return

1.45%

10.24%-8.8pp

22.78%-21.3pp

5.13%-3.7pp

Employer contribution / active EE

$3,605

$2,598+38.7%

$3,574+0.8%

$1,974+82.6%

Participant deferral / active EE

$2,742-100.0%

$3,712-100.0%

$3,061-100.0%

Admin fee / account holder

$325

$130+150.3%

$5,333-93.9%

$95+243.3%

Provider

Service type

Compensation

FRANK M. VACCARO & ASSOCIATES1 year

Filed as: FRANK M. VACCARO & ASSOCIATES, INC.

Service code 13

27 ROLAND AVE · MOUNT LAUREL, NJ 080541057

Contract Administrator

$73,188

MSPC1 year

Filed as: MSPC, CPA'S AND ADVISORS, P.C.

Service code 10 · EIN 22-2951202

Accounting

$24,820

METS SCHIRO & MCGOVERN1 year

Filed as: METS SCHIRO AND MCGOVERN

Service code 29 · EIN 75-3116930

Legal

$20,150

RBC WEALTH MANAGEMENT2+ years

Service code 27 · EIN 23-2384840

Advisory (Plan)

$19,093

BASIL CASTROVINCI ASSOCIATES INC1 year

Filed as: BASIL CASTROVINCI & ASSOCIATES, INC

Service code 16 · EIN 13-2831500

Consulting

$10,200

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$1,750

I.A.H.F.I.A.W. LOCAL NO. 32 - ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.H.F.I.A.W. LOCAL NO. 32 - 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