Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS JOINT ANNUITY FUND OF EASTERN PENNSYLVANIA AND DELAWARE

Name: INTERNATIONAL UNION OF OPERATING ENG. JT ANNUITY FD OF EASTERN PENNSYL - INTERNATIONAL UNION OF OPERATING ENGINEERS JOINT ANNUITY FUND OF EASTERN PENNSYLVANIA AND DELAWARE (2023) Form 5500
Creator: INTERNATIONAL UNION OF OPERATING ENG. JT ANNUITY FD OF EASTERN PENNSYL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF OPERATING ENGINEERS JOINT ANNUITY FUND OF EASTERN PENNSYLVANIA AND DELAWARE, INTERNATIONAL UNION OF OPERATING ENG. JT ANNUITY FD OF EASTERN PENNSYL

INTERNATIONAL UNION OF OPERATING ENG. JT ANNUITY FD OF EASTERN PENNSYLEIN 23-2352166Plan #002PY 2023

1375 VIRGINIA DRIVE, SUITE 102 - FORT WASHINGTON, PA 190343257215-542-8211

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$529.9M

+11.2% from 2022

Total participants

11,898

+1.8% from 2022

Average account balance

$44,537

+9.2% from 2022

Annual return

11.06%

+21.83 pp from 2022

Benchmarks

See 70 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort70 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$562.46M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

11,768

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

$45.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+7.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 9 by compensation

Provider	Service type	Compensation
IUOE LOCAL 825 WELFARE FUND9+ years Filed as: IUOE PENSION FUND OF EASTERN PA Service code 50 · EIN 23-6405239	Direct Payment	$446,356
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 49 · EIN 84-0467907	Other Services	$412,991
CLEARY, JOSEM & TRIGIANI LLP9+ years Service code 29 · EIN 23-2657967	Legal	$58,742
INVESTMENT PERFORMANCE SERVICES9+ years Service code 28 · EIN 58-1645832	Investment Management	$50,000
NOVAK FRANCELLA LLC9+ years Service code 10 · EIN 61-1436956	Accounting	$45,500
BETH MARTIN9+ years Service code 30 · EIN 23-2352166	Direct payment from the plan; Employe...	$33,880
PATRICIA DEPASCALE9+ years Filed as: PATRICIA REPTESKI Service code 30 · EIN 23-2352166	Employee (plan); Direct payment from ...	$31,774
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HEENAN Service code 30 · EIN 23-2352166	Direct payment from the plan; Employe...	$29,942
TIMOTHY R HOTT PC3 years Filed as: TIMOTHY NAGY Service code 30 · EIN 23-2352166	Employee (plan); Direct payment from ...	$27,064

Plan features & details

Pension benefit codes2E2G2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$994K

$103 / participant

Recordkeeping$7200.1%
Investment mgmt$50K5.0%
Legal$59K5.9%
Salaries / allowances$280K28.1%
Contract admin$413K41.5%
Other / not subdivided$192K19.3%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $45,500
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,537

$74,831-40.5%

$96,683-53.9%

$103,482-57.0%

Participation rate

100.0%

83.1%+16.9pp

74.3%+25.7pp

73.3%+26.7pp

Annual return

11.06%

16.15%-5.1pp

35.69%-24.6pp

33.11%-22.0pp

Employer contribution / active EE

$4,884

$3,888+25.6%

$3,737+30.7%

$3,208+52.3%

Participant deferral / active EE

$3,896-100.0%

$4,878-100.0%

$5,207-100.0%

Admin fee / account holder

$84

$130-35.8%

$6,730-98.8%

$114-26.8%

Provider

Service type

Compensation

IUOE LOCAL 825 WELFARE FUND9+ years

Filed as: IUOE PENSION FUND OF EASTERN PA

Service code 50 · EIN 23-6405239

Direct Payment

$446,356

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 49 · EIN 84-0467907

Other Services

$412,991

CLEARY, JOSEM & TRIGIANI LLP9+ years

Service code 29 · EIN 23-2657967

Legal

$58,742

INVESTMENT PERFORMANCE SERVICES9+ years

Service code 28 · EIN 58-1645832

Investment Management

$50,000

NOVAK FRANCELLA LLC9+ years

Service code 10 · EIN 61-1436956

Accounting

$45,500

BETH MARTIN9+ years

Service code 30 · EIN 23-2352166

Direct payment from the plan; Employe...

$33,880

PATRICIA DEPASCALE9+ years

Filed as: PATRICIA REPTESKI

Service code 30 · EIN 23-2352166

Employee (plan); Direct payment from ...

$31,774

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HEENAN

Service code 30 · EIN 23-2352166

Direct payment from the plan; Employe...

$29,942

TIMOTHY R HOTT PC3 years

Filed as: TIMOTHY NAGY

Service code 30 · EIN 23-2352166

Employee (plan); Direct payment from ...

$27,064

INTERNATIONAL UNION OF OPERATING ENGINEERS JOINT ANNUITY FUND OF EASTERN PENNSYLVANIA AND DELAWARE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS JOINT ANNUITY FUND OF EASTERN PENNSYLVANIA AND DELAWARE

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