Retirement plan

IRON WORKERS LOCAL 401 ANNUITY FUND

Name: BOARD OF TRUSTEES IRON WORKERS LOCAL 401 ANNUITY FUND - IRON WORKERS LOCAL 401 ANNUITY FUND (2020) 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 2020

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

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$140.5M

+2.6% from 2019

Total participants

2,094

-3.8% from 2019

Average account balance

No prior year

Annual return

8.56%

-8.00 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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
ATALANTA SOSNOFF4 years Filed as: ATALANTA SOSNOFF CAPITAL Service code 28 101 PARK AVENUE · NEW YORK, NY 10178	Investment Management	$144,878
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-2740599	Investment Management	$140,559
LOOMIS SAYLES6+ years Service code 28 ONE FINANCIAL CENTER · BOSTON, MA 02111	Investment Management	$95,077
INTERCONTINENTL ENHANCED CORE US2 years Service code 28 · EIN 35-7161136	Investment Management	$93,564
EATON VANCE1 year Service code 28 · EIN 04-2718215	Investment Management	$59,997
PNC BANK, N.A.6+ years Service code 28 · EIN 22-1146430	Investment Management	$34,119
LAZARD ASSET MANAGEMENT2 years Service code 27 30 ROCKEFELLER PLAZA · NEW YORK, NY 10112	Advisory (Plan)	$26,181
CLEARY, JOSEM & TRIGIANI LLP3 years Filed as: CLEARY, JOSEM & TRIGIANI Service code 29 · EIN 23-2657967	Legal	$25,863
FISCHER DORWART, P.C.6+ years Service code 10 · EIN 23-2247478	Accounting	$25,700
METROPOLITAN WEST ASSET MANAGEMENT4 years Filed as: TCW INVESTMENT MANAGEMENT CO. Service code 28 1251 AVENUE OF THE AMERICAS · NEW YORK, NY 10020	Investment Management	$19,744

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$899K

$1131 / participant

Investment mgmt$614K68.3%
Other / not subdivided$285K31.7%

% of EOY assets

0.640%

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

$111,608-100.0%

$177,848-100.0%

$73,412-100.0%

Participation rate

0.0%

87.9%-87.9pp

87.7%-87.7pp

72.2%-72.2pp

Annual return

8.56%

18.23%-9.7pp

48.33%-39.8pp

59.30%-50.7pp

Employer contribution / active EE

$8,191

$3,796+115.8%

$5,919+38.4%

$2,234+266.7%

Participant deferral / active EE

$6,199-100.0%

$7,714-100.0%

$3,806-100.0%

Admin fee / account holder

$166-100.0%

$12,431-100.0%

$158-100.0%

Provider

Service type

Compensation

ATALANTA SOSNOFF4 years

Filed as: ATALANTA SOSNOFF CAPITAL

Service code 28

101 PARK AVENUE · NEW YORK, NY 10178

Investment Management

$144,878

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-2740599

Investment Management

$140,559

LOOMIS SAYLES6+ years

Service code 28

ONE FINANCIAL CENTER · BOSTON, MA 02111

Investment Management

$95,077

INTERCONTINENTL ENHANCED CORE US2 years

Service code 28 · EIN 35-7161136

Investment Management

$93,564

EATON VANCE1 year

Service code 28 · EIN 04-2718215

Investment Management

$59,997

PNC BANK, N.A.6+ years

Service code 28 · EIN 22-1146430

Investment Management

$34,119

LAZARD ASSET MANAGEMENT2 years

Service code 27

30 ROCKEFELLER PLAZA · NEW YORK, NY 10112

Advisory (Plan)

$26,181

CLEARY, JOSEM & TRIGIANI LLP3 years

Filed as: CLEARY, JOSEM & TRIGIANI

Service code 29 · EIN 23-2657967

Legal

$25,863

FISCHER DORWART, P.C.6+ years

Service code 10 · EIN 23-2247478

Accounting

$25,700

METROPOLITAN WEST ASSET MANAGEMENT4 years

Filed as: TCW INVESTMENT MANAGEMENT CO.

Service code 28

1251 AVENUE OF THE AMERICAS · NEW YORK, NY 10020

Investment Management

$19,744

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