Retirement plan

STEAMFITTERS LOCAL UNION NO. 420 SRP

Name: BD OF TEES OF STEAMFITTERS LU NO 420 SRP - STEAMFITTERS LOCAL UNION NO. 420 SRP (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$611.9M

-8.2% from 2016

Total participants

6,569

-7.9% from 2016

Average account balance

$103,502

-0.4% from 2016

Annual return

12.50%

-5.75 pp from 2016

Benchmarks

See 74 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort74 peers

Snapshot2020

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 23 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS4 years Filed as: ZENITH AMERICAN SOLUTIONS,INC Service code 13 401 LIBERTY AVENUE, STE 1200 · PITTSBURGH, PA 15222	Contract Administrator	$143,996
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY WEALTH MGMT Service code 28 522 5TH AVENUE, 11TH FLOOR · NEW YORK, NY 10036	Investment Management	$72,000
EMPLOYEE FIDUCIARY, LLC6+ years Filed as: EMPLOYEE A Service code 30 · EIN 23-2004424	Employee (plan)	$45,617
CLEARY, JOSEM & TRIGIANI LLP6+ years Filed as: CLEARY & JOSEM LLP Service code 29 · EIN 23-2657967	Legal	$36,732
DANIEL A. WINTERS & COMPANY, CPAS6+ years Service code 10 · EIN 23-2586736	Accounting	$24,404
STEAMFITTERS LU 420 BUILDING FUND6+ years Service code 99 · EIN 37-1424586	Other Fees	$21,714
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 12 · EIN 04-1590850	Shareholder servicing fees; Claims pr...	$21,230
KANG HAGGERTY & FETBROYT4 years Service code 29 123 S. BROAD STREET, SUITE 1670 · PHILADELPHIA, PA 19109	Legal	$16,946
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037	Investment Management	$0
AMERICAN FUNDS2 years Filed as: AMERICAN FUNDS INVESTMENTS Service code 28 · EIN 95-2817150	Investment Management	$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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$258 / participant

Investment mgmt$921K57.7%
Contract admin$144K9.0%
Other / not subdivided$530K33.2%

% of EOY assets

0.261%

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

$103,502

$73,497+40.8%

$101,275+2.2%

$93,223+11.0%

Participation rate

89.4%

84.5%+4.9pp

75.8%+13.6pp

74.9%+14.5pp

Annual return

12.50%

11.66%+0.8pp

46.46%-34.0pp

19.29%-6.8pp

Employer contribution / active EE

$6,909

$3,600+91.9%

$3,660+88.8%

$2,680+157.8%

Participant deferral / active EE

$3,303-100.0%

$4,370-100.0%

$4,563-100.0%

Admin fee / account holder

$270

$121+123.1%

$5,948-95.5%

$79+240.8%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS4 years

Filed as: ZENITH AMERICAN SOLUTIONS,INC

Service code 13

401 LIBERTY AVENUE, STE 1200 · PITTSBURGH, PA 15222

Contract Administrator

$143,996

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY WEALTH MGMT

Service code 28

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

Investment Management

$72,000

EMPLOYEE FIDUCIARY, LLC6+ years

Filed as: EMPLOYEE A

Service code 30 · EIN 23-2004424

Employee (plan)

$45,617

CLEARY, JOSEM & TRIGIANI LLP6+ years

Filed as: CLEARY & JOSEM LLP

Service code 29 · EIN 23-2657967

Legal

$36,732

DANIEL A. WINTERS & COMPANY, CPAS6+ years

Service code 10 · EIN 23-2586736

Accounting

$24,404

STEAMFITTERS LU 420 BUILDING FUND6+ years

Service code 99 · EIN 37-1424586

Other Fees

$21,714

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 12 · EIN 04-1590850

Shareholder servicing fees; Claims pr...

$21,230

KANG HAGGERTY & FETBROYT4 years

Service code 29

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

Legal

$16,946

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

Investment Management

AMERICAN FUNDS2 years

Filed as: AMERICAN FUNDS INVESTMENTS

Service code 28 · EIN 95-2817150

Investment Management

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