Retirement plan

STEAMFITTERS LOCAL UNION NO. 420 SRP

Name: BD OF TEES OF STEAMFITTERS LU NO 420 SRP - STEAMFITTERS LOCAL UNION NO. 420 SRP (2017) Form 5500
Creator: BD OF TEES OF STEAMFITTERS LU NO 420 SRP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEAMFITTERS LOCAL UNION NO. 420 SRP, BD OF TEES OF STEAMFITTERS LU NO 420 SRP

BD OF TEES OF STEAMFITTERS LU NO 420 SRPEIN 23-2495379Plan #002PY 2017

14420 TOWNSEND ROAD, SUITE B - PHILADELPHIA, PA 191541028267-350-2600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$461.2M

-8.2% from 2016

Total participants

5,976

-7.9% from 2016

Average account balance

$77,173

-0.4% from 2016

Annual return

12.13%

-5.75 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$727.66M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

5,880

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.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$361

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Sub-transfer agency fees; Investment ...	$424,028
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN SOLUTIONS,INC Service code 13 401 LIBERTY AVENUE, STE 1200 · PITTSBURGH, PA 15222	Contract Administrator	$128,428
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY WEALTH MGMT Service code 28 522 5TH AVENUE, 11TH FLOOR · NEW YORK, NY 10036	Investment Management	$72,000
CLEARY, JOSEM & TRIGIANI LLP3+ years Filed as: CLEARY & JOSEM LLP Service code 29 · EIN 23-2657967	Legal	$43,848
EMPLOYEE FIDUCIARY, LLC3+ years Filed as: EMPLOYEE A Service code 30 · EIN 23-2004424	Employee (plan)	$41,275
DANIEL A. WINTERS & COMPANY, CPAS3+ years Service code 10 · EIN 23-2586736	Accounting	$27,180
STEAMFITTERS LU 420 BUILDING FUND3+ years Service code 99 · EIN 37-1424586	Other Fees	$25,377
KANG HAGGERTY & FETBROYT1 year Service code 29 123 S. BROAD STREET, SUITE 1670 · PHILADELPHIA, PA 19109	Legal	$11,550
J.A. MARIANO AGENCY3+ years Filed as: J. A MARIANO AGENCY, INC TOTAL Service code 22 609 LANDIS AVE PO BOX 390 · ROSENHAYN, NJ 08352	Insurance Broker	$0
MID ATLANTIC CAPITAL CORPORATION2 years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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

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

$1.9M

$540 / participant

Investment mgmt$501K25.8%
Contract admin$128K6.6%
Other / not subdivided$1M67.6%

% of EOY assets

0.421%

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: DANIEL A. WINTERS & COMPANY, CPAS
Auditor EIN: 232586736
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,173

$221,442-65.1%

$92,240-16.3%

$77,958-1.0%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

12.13%

15.65%-3.5pp

176.29%-164.2pp

20.87%-8.7pp

Employer contribution / active EE

$12,042

$3,226+273.3%

$3,680+227.3%

$2,310+421.2%

Participant deferral / active EE

$2,779-100.0%

$3,897-100.0%

$3,537-100.0%

Admin fee / account holder

$325

$210+55.0%

$5,194-93.7%

$97+233.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Sub-transfer agency fees; Investment ...

$424,028

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN SOLUTIONS,INC

Service code 13

401 LIBERTY AVENUE, STE 1200 · PITTSBURGH, PA 15222

Contract Administrator

$128,428

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY WEALTH MGMT

Service code 28

522 5TH AVENUE, 11TH FLOOR · NEW YORK, NY 10036

Investment Management

$72,000

CLEARY, JOSEM & TRIGIANI LLP3+ years

Filed as: CLEARY & JOSEM LLP

Service code 29 · EIN 23-2657967

Legal

$43,848

EMPLOYEE FIDUCIARY, LLC3+ years

Filed as: EMPLOYEE A

Service code 30 · EIN 23-2004424

Employee (plan)

$41,275

DANIEL A. WINTERS & COMPANY, CPAS3+ years

Service code 10 · EIN 23-2586736

Accounting

$27,180

STEAMFITTERS LU 420 BUILDING FUND3+ years

Service code 99 · EIN 37-1424586

Other Fees

$25,377

KANG HAGGERTY & FETBROYT1 year

Service code 29

123 S. BROAD STREET, SUITE 1670 · PHILADELPHIA, PA 19109

Legal

$11,550

J.A. MARIANO AGENCY3+ years

Filed as: J. A MARIANO AGENCY, INC TOTAL

Service code 22

609 LANDIS AVE PO BOX 390 · ROSENHAYN, NJ 08352

Insurance Broker

MID ATLANTIC CAPITAL CORPORATION2 years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

STEAMFITTERS LOCAL UNION NO. 420 SRP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEAMFITTERS LOCAL UNION NO. 420 SRP

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