Retirement plan

IRON WORKERS LOCAL 401 ANNUITY FUND

Name: BOARD OF TRUSTEES IRON WORKERS LOCAL 401 ANNUITY FUND - IRON WORKERS LOCAL 401 ANNUITY FUND (2015) Form 5500
Creator: BOARD OF TRUSTEES IRON WORKERS LOCAL 401 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRON WORKERS LOCAL 401 ANNUITY FUND, BOARD OF TRUSTEES IRON WORKERS LOCAL 401 ANNUITY FUND

BOARD OF TRUSTEES IRON WORKERS LOCAL 401 ANNUITY FUNDEIN 23-2191989Plan #001PY 2015

11600 NORCOM ROAD - PHILADELPHIA, PA 19154215-676-3000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$105.1M

No prior year

Total participants

2,027

No prior year

Average account balance

$51,844

No prior year

Annual return

1.83%

No prior year

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$139.75M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

1,866

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

$11.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$503

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 11 by compensation

Provider	Service type	Compensation
IRON WORKERS LOCAL 4011+ years Service code 14 · EIN 23-0724500	Plan Administrator	$134,871
LOOMIS SAYLES1+ years Service code 28 ONE FINANCIAL CENTER · BOSTON, MA 02111	Investment Management	$129,332
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-2418191	Investment Management	$99,766
METROPOLITAN WEST ASSET MANAGEMENT1+ years Filed as: TCW INVESTMENT MANAGEMENT COMPANY Service code 28 1251 AVENUE OF THE AMERICAS · NEW YORK, NY 10020	Investment Management	$57,081
ATLANTA CAPITAL MANAGEMENT1+ years Filed as: ATLANTA SOSNOFF CAPITAL Service code 28 101 PARK AVENUE · NEW YORK, NY 10178	Investment Management	$56,320
MD SASS1+ years Filed as: M.D. SASS ASSOCIATES, INC. Service code 28 · EIN 13-2704843	Investment Management	$55,912
PNC BANK, N.A.1+ years Service code 28 · EIN 22-1146430	Investment Management	$28,870
MANNING & NAPIER1+ years Filed as: MANNING & NAPIER ADVISORS, INC. Service code 28 · EIN 16-0995736	Investment Management	$27,935
FISCHER DORWART, P.C.1+ years Service code 10 · EIN 23-2247478	Accounting	$27,475
CLEARY, JOSEM & TRIGIANI LLP1+ years Filed as: CLEARY & JOSEM, LLP Service code 29 · EIN 23-2657967	Legal	$20,894

Plan features & details

Pension benefit codes2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$676K

$333 / participant

Investment mgmt$456K67.4%
Other / not subdivided$220K32.6%

% of EOY assets

0.643%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FISCHER DORWART, P.C.
Auditor EIN: 232247478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,844

$75,760-31.6%

$123,105-57.9%

$59,188-12.4%

Participation rate

100.0%

86.0%+14.0pp

86.8%+13.2pp

69.4%+30.6pp

Annual return

1.83%

2.93%-1.1pp

13.22%-11.4pp

5.51%-3.7pp

Employer contribution / active EE

$3,383

$3,415-1.0%

$5,151-34.3%

$2,098+61.2%

Participant deferral / active EE

$5,000-100.0%

$6,229-100.0%

$3,265-100.0%

Admin fee / account holder

$333

$61+449.0%

$9,014-96.3%

$92+261.6%

Provider

Service type

Compensation

IRON WORKERS LOCAL 4011+ years

Service code 14 · EIN 23-0724500

Plan Administrator

$134,871

LOOMIS SAYLES1+ years

Service code 28

ONE FINANCIAL CENTER · BOSTON, MA 02111

Investment Management

$129,332

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-2418191

Investment Management

$99,766

METROPOLITAN WEST ASSET MANAGEMENT1+ years

Filed as: TCW INVESTMENT MANAGEMENT COMPANY

Service code 28

1251 AVENUE OF THE AMERICAS · NEW YORK, NY 10020

Investment Management

$57,081

ATLANTA CAPITAL MANAGEMENT1+ years

Filed as: ATLANTA SOSNOFF CAPITAL

Service code 28

101 PARK AVENUE · NEW YORK, NY 10178

Investment Management

$56,320

MD SASS1+ years

Filed as: M.D. SASS ASSOCIATES, INC.

Service code 28 · EIN 13-2704843

Investment Management

$55,912

PNC BANK, N.A.1+ years

Service code 28 · EIN 22-1146430

Investment Management

$28,870

MANNING & NAPIER1+ years

Filed as: MANNING & NAPIER ADVISORS, INC.

Service code 28 · EIN 16-0995736

Investment Management

$27,935

FISCHER DORWART, P.C.1+ years

Service code 10 · EIN 23-2247478

Accounting

$27,475

CLEARY, JOSEM & TRIGIANI LLP1+ years

Filed as: CLEARY & JOSEM, LLP

Service code 29 · EIN 23-2657967

Legal

$20,894

IRON WORKERS LOCAL 401 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRON WORKERS LOCAL 401 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