Retirement plan

LABORERS LOCAL 57 INDUSTRIAL PENSION PLAN

Name: TRUSTEES OF LABORERS LOCAL 57 INDUSTRIAL PENSION - LABORERS LOCAL 57 INDUSTRIAL PENSION PLAN (2024) Form 5500
Creator: TRUSTEES OF LABORERS LOCAL 57 INDUSTRIAL PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABORERS LOCAL 57 INDUSTRIAL PENSION PLAN, TRUSTEES OF LABORERS LOCAL 57 INDUSTRIAL PENSION

TRUSTEES OF LABORERS LOCAL 57 INDUSTRIAL PENSIONdba PLANEIN 23-1627410Plan #003PY 2024

500 NORTH 6TH STREET - PHILADELPHIA, PA 19123215-928-6166LinkedIn1001-5000 employeesconstruction

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$317.9M

-8.4% from 2017

Total participants

4,161

-2.5% from 2017

Average account balance

No prior year

Annual return

10.19%

-11.22 pp from 2017

Benchmarks

See 155 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$338.17M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

2,889

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 26 by compensation

Provider	Service type	Compensation
INTERCONTINENTAL REAL ESTATE CORP6 years Filed as: INTERCONTINENTAL REAL ESTATE CORP. Service code 28 · EIN 04-2895544	Investment Management	$261,274
ALGER9+ years Filed as: FRED ALGER MANAGEMENT, INC. Service code 28 · EIN 13-2510833	Investment Management	$258,337
WEDGE CAPITAL MANAGEMENT9+ years Filed as: WEDGE CAPITAL MANAGEMENT LLC Service code 28 · EIN 56-1557450	Investment Management	$219,343
HAMILTON LANE ADVISORS, LLC7 years Service code 28 · EIN 23-2962336	Investment Management	$211,914
BAIRD FUNDS9+ years Filed as: ROBERT MCGINN Service code 30 · EIN 23-1627410	Employee (plan); Direct payment from ...	$193,166
KIMBERLY FUREY9+ years Service code 30 · EIN 23-1627410	Employee (plan); Direct payment from ...	$174,178
HARDMAN JOHNSTON GLOBAL ADVISORS4 years Service code 28 · EIN 13-3257590	Investment Management	$166,531
LOOMIS SAYLES9+ years Filed as: LOOMIS, SAYLES & COMPANY LP Service code 28 · EIN 04-3200030	Investment Management	$142,036
BOYD WATTERSON ASSET MANAGEMENT2 years Filed as: BOYD WATERSON Service code 28 · EIN 34-1922005	Investment Management	$138,708
VICTORY9+ years Filed as: VICTORY CAPITAL MANAGEMENT LLC Service code 28 · EIN 13-2700161	Investment Management	$136,693

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$2.8M

$2039 / participant

Recordkeeping$13K0.5%
Trustee / custodial$15K0.5%
Investment mgmt$2M60.3%
Legal$60K2.1%
Actuarial$70K2.5%
Salaries / allowances$514K18.4%
Other / not subdivided$435K15.6%

% of EOY assets

0.878%

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: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $71,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

10.19%

10.33%-0.1pp

8.10%+2.1pp

9.30%+0.9pp

Employer contribution / active EE

$9,524

$14,972-36.4%

$28,649-66.8%

$12,551-24.1%

Participant deferral / active EE

$252-100.0%

$10-100.0%

$2,867-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

INTERCONTINENTAL REAL ESTATE CORP6 years

Filed as: INTERCONTINENTAL REAL ESTATE CORP.

Service code 28 · EIN 04-2895544

Investment Management

$261,274

ALGER9+ years

Filed as: FRED ALGER MANAGEMENT, INC.

Service code 28 · EIN 13-2510833

Investment Management

$258,337

WEDGE CAPITAL MANAGEMENT9+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLC

Service code 28 · EIN 56-1557450

Investment Management

$219,343

HAMILTON LANE ADVISORS, LLC7 years

Service code 28 · EIN 23-2962336

Investment Management

$211,914

BAIRD FUNDS9+ years

Filed as: ROBERT MCGINN

Service code 30 · EIN 23-1627410

Employee (plan); Direct payment from ...

$193,166

KIMBERLY FUREY9+ years

Service code 30 · EIN 23-1627410

Employee (plan); Direct payment from ...

$174,178

HARDMAN JOHNSTON GLOBAL ADVISORS4 years

Service code 28 · EIN 13-3257590

Investment Management

$166,531

LOOMIS SAYLES9+ years

Filed as: LOOMIS, SAYLES & COMPANY LP

Service code 28 · EIN 04-3200030

Investment Management

$142,036

BOYD WATTERSON ASSET MANAGEMENT2 years

Filed as: BOYD WATERSON

Service code 28 · EIN 34-1922005

Investment Management

$138,708

VICTORY9+ years

Filed as: VICTORY CAPITAL MANAGEMENT LLC

Service code 28 · EIN 13-2700161

Investment Management

$136,693

LABORERS LOCAL 57 INDUSTRIAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABORERS LOCAL 57 INDUSTRIAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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