Retirement plan

OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND

Name: OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND - OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND (2024) Form 5500
Creator: OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND, OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND

OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUNDEIN 22-2507282Plan #002PY 2024

65 SPRINGFIELD AVE. - SPRINGFIELD, NJ 070811308973-921-1661

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1438.8M

-7.3% from 2017

Total participants

12,256

-4.2% from 2017

Average account balance

$120,816

-3.2% from 2017

Annual return

8.32%

-4.01 pp from 2017

Benchmarks

See 57 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort57 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51B

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

11,881

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+7.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$346

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 9 by compensation

Provider	Service type	Compensation
IUOE LOCAL 825 WELFARE FUND9+ years Service code 49 · EIN 22-6033381	Other Services	$1,258,528
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: PRUDENTIAL RETIREMENT INSURANCE CO Service code 38 · EIN 06-1050034	Participant Communication	$252,623
INVESTMENT PERFORMANCE SERVICES9+ years Filed as: INVESTMENT PERFORMANCE SERVICES LLC Service code 16 · EIN 58-2432390	Consulting	$135,000
CALIBRE CPA GROUP PLLC9+ years Service code 10 · EIN 47-0900880	Accounting	$38,900
EXPRESS PRESS PRINTING3 years Service code 36 · EIN 22-3510937	Copying and duplicating; Other servic...	$34,971
THE SEGAL COMPANY1 year Filed as: THE SEGAL COMPANY, INC. Service code 11 · EIN 13-1835864	Actuarial	$28,625
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 06-1050034	Recordkeeping Fees	$18,939
SUSANIN WIDMAN & BRENNAN PC1 year Filed as: SUSANIN WIDMAN & BRENNAN, PC Service code 29 · EIN 23-2265950	Legal	$16,883
DECOTIIS, FITZPATRICK, COLE & GIBLI8 years Service code 29 · EIN 31-1425096	Legal	$12,120

Plan features & details

Pension benefit codes2E2H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$3.9M

$377 / participant

Recordkeeping$141K3.6%
Investment mgmt$2M53.6%
Legal$199K5.1%
Actuarial$29K0.7%
Salaries / allowances$487K12.5%
Contract admin$322K8.2%
Other / not subdivided$635K16.2%

% of EOY assets

0.272%

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: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $44,924
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,816

$63,356+90.7%

$102,437+17.9%

$106,553+13.4%

Participation rate

96.7%

84.3%+12.4pp

74.5%+22.1pp

69.8%+26.8pp

Annual return

8.32%

14.77%-6.5pp

24.95%-16.6pp

17.37%-9.0pp

Employer contribution / active EE

$6,755

$4,310+56.7%

$3,871+74.5%

$3,359+101.1%

Participant deferral / active EE

$3,479-100.0%

$5,060-100.0%

$5,562-100.0%

Admin fee / account holder

$328

$110+197.8%

$8,388-96.1%

$80+311.9%

Provider

Service type

Compensation

IUOE LOCAL 825 WELFARE FUND9+ years

Service code 49 · EIN 22-6033381

Other Services

$1,258,528

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: PRUDENTIAL RETIREMENT INSURANCE CO

Service code 38 · EIN 06-1050034

Participant Communication

$252,623

INVESTMENT PERFORMANCE SERVICES9+ years

Filed as: INVESTMENT PERFORMANCE SERVICES LLC

Service code 16 · EIN 58-2432390

Consulting

$135,000

CALIBRE CPA GROUP PLLC9+ years

Service code 10 · EIN 47-0900880

Accounting

$38,900

EXPRESS PRESS PRINTING3 years

Service code 36 · EIN 22-3510937

Copying and duplicating; Other servic...

$34,971

THE SEGAL COMPANY1 year

Filed as: THE SEGAL COMPANY, INC.

Service code 11 · EIN 13-1835864

Actuarial

$28,625

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 06-1050034

Recordkeeping Fees

$18,939

SUSANIN WIDMAN & BRENNAN PC1 year

Filed as: SUSANIN WIDMAN & BRENNAN, PC

Service code 29 · EIN 23-2265950

Legal

$16,883

DECOTIIS, FITZPATRICK, COLE & GIBLI8 years

Service code 29 · EIN 31-1425096

Legal

$12,120

OPERATING ENGINEERS LOCAL 825 PROFIT SHARING FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPERATING ENGINEERS LOCAL 825 PROFIT SHARING 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