Retirement plan

SHEET METAL WORKERS LOCAL UNION NO 25 NEW JERSEY ANNUITY FUND

Name: BOARD OF TRUSTEES, SMW LOCAL UNION NO. 25 NJ ANNUITY FUND - SHEET METAL WORKERS LOCAL UNION NO 25 NEW JERSEY ANNUITY FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES, SMW LOCAL UNION NO. 25 NJ ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL UNION NO 25 NEW JERSEY ANNUITY FUND, BOARD OF TRUSTEES, SMW LOCAL UNION NO. 25 NJ ANNUITY FUND

BOARD OF TRUSTEES, SMW LOCAL UNION NO. 25 NJ ANNUITY FUNDEIN 22-2586286Plan #001PY 2017

440 BARELL AVENUE - CARLSTADT, NJ 07072201-507-0330LinkedIn1001-5000 employeesinsurance

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$115.5M

+10.5% from 2016

Total participants

1,066

-1.2% from 2016

Average account balance

$108,361

+11.9% from 2016

Annual return

9.25%

+4.92 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$157.83M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

950

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$805

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 8 by compensation

Provider	Service type	Compensation
MANFRE CPA P.C.3+ years Service code 10 · EIN 61-1632657	Accounting	$41,412
REYNOLDS CONSULTING SERVICES3+ years Filed as: THOMAS P. REYNOLDS Service code 27 · EIN 11-2558102	Advisory (Plan)	$40,000
KARLEEN O NEILL3+ years Service code 30 · EIN 22-2586287	Employee (plan)	$37,609
VIRGINIA & AMBINDER, LLP3+ years Filed as: VIRGINIA OLSEN Service code 30 · EIN 22-2586287	Employee (plan)	$25,254
STEFANIA GENTILE3+ years Service code 30 · EIN 22-2586287	Employee (plan)	$22,176
CLEARY, JOSEM & TRIGIANI LLP2 years Service code 29 · EIN 23-2657967 325 CHESTNUT STREET SUITE 200 · PHILADELPHIA, PA 19106	Legal	$15,984
BOYD WATTERSON ASSET MANAGEMENT1 year Filed as: BOYD WATTERSON ASSET MANAGEMENT LLC Service code 27 · EIN 45-2061717 500 W MONROE STREET STE 3850 · CHICAGO, IL 60661	Advisory (Plan)	$2,796
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: PRUDENTIAL RETIREMENT INS & ANN CO. Service code 49 · EIN 06-1050034	Other Services	$2,474

Plan features & details

Pension benefit codes2C2G

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.

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

$622K

$1310 / participant

Investment mgmt$43K6.9%
Contract admin$378K60.7%
Other / not subdivided$202K32.4%

% of EOY assets

0.539%

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: MANFRE CPA P.C.
Auditor EIN: 611632657
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,361

$81,537+32.9%

$149,721-27.6%

$69,631+55.6%

Participation rate

100.0%

86.1%+13.9pp

87.1%+12.9pp

70.7%+29.3pp

Annual return

9.25%

22.79%-13.5pp

1501.67%-1492.4pp

27571.02%-27561.8pp

Employer contribution / active EE

$3,239-100.0%

$5,444-100.0%

$2,032-100.0%

Participant deferral / active EE

$12,595

$4,994+152.2%

$6,568+91.8%

$3,224+290.7%

Admin fee / account holder

$584

$107+446.2%

$11,282-94.8%

$110+428.5%

Provider

Service type

Compensation

MANFRE CPA P.C.3+ years

Service code 10 · EIN 61-1632657

Accounting

$41,412

REYNOLDS CONSULTING SERVICES3+ years

Filed as: THOMAS P. REYNOLDS

Service code 27 · EIN 11-2558102

Advisory (Plan)

$40,000

KARLEEN O NEILL3+ years

Service code 30 · EIN 22-2586287

Employee (plan)

$37,609

VIRGINIA & AMBINDER, LLP3+ years

Filed as: VIRGINIA OLSEN

Service code 30 · EIN 22-2586287

Employee (plan)

$25,254

STEFANIA GENTILE3+ years

Service code 30 · EIN 22-2586287

Employee (plan)

$22,176

CLEARY, JOSEM & TRIGIANI LLP2 years

Service code 29 · EIN 23-2657967

325 CHESTNUT STREET SUITE 200 · PHILADELPHIA, PA 19106

Legal

$15,984

BOYD WATTERSON ASSET MANAGEMENT1 year

Filed as: BOYD WATTERSON ASSET MANAGEMENT LLC

Service code 27 · EIN 45-2061717

500 W MONROE STREET STE 3850 · CHICAGO, IL 60661

Advisory (Plan)

$2,796

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: PRUDENTIAL RETIREMENT INS & ANN CO.

Service code 49 · EIN 06-1050034

Other Services

$2,474

SHEET METAL WORKERS LOCAL UNION NO 25 NEW JERSEY ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL UNION NO 25 NEW JERSEY 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