Retirement plan

LABORERS LOCAL UNION NO. 158 PENSION PLAN

Name: LABORERS LOCAL UNION NO. 158 PENSION FUND - LABORERS LOCAL UNION NO. 158 PENSION PLAN (2017) Form 5500
Creator: LABORERS LOCAL UNION NO. 158 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABORERS LOCAL UNION NO. 158 PENSION PLAN, LABORERS LOCAL UNION NO. 158 PENSION FUND

LABORERS LOCAL UNION NO. 158 PENSION FUNDEIN 23-6580323Plan #001PY 2017

2201 FOREST HILLS DRIVE, SUITE 6A - HARRISBURG, PA 171121089717-657-8229

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$149.6M

+20.2% from 2016

Total participants

3,774

+31.6% from 2016

Average account balance

No prior year

Annual return

11.55%

+6.07 pp from 2016

Benchmarks

See 131 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort131 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$247.30M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

4,366

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+7.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
LABORERS LOCAL UNION 158 PENSION FD3+ years Service code 14 · EIN 23-6580323	Plan Administrator	$243,685
ASB CAPITAL MANAGEMENT3+ years Filed as: ASB CAPITAL MANAGEMENT LLC Service code 28 · EIN 80-0618452	Investment Management	$228,998
INDEPENDENT FINANCIAL PARTNERS3+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668	Investment Management	$162,591
LOOMIS SAYLES3+ years Filed as: LOOMIS, SAYLES & COMPANY, LP Service code 51 · EIN 04-3200030	Investment Mgmt Fees	$149,583
INVESTMENT PERFORMANCE SERVICES3+ years Service code 27 · EIN 58-1645832	Advisory (Plan)	$129,914
ECKERT SEAMANS CHERIN & MELLOTT LLC3+ years Service code 29 · EIN 25-1056909	Legal	$104,809
WEDGE CAPITAL MANAGEMENT3+ years Filed as: WEDGE CAPITAL MANAGEMENT, LLP Service code 28 · EIN 56-1557450	Investment Management	$96,487
FIRST EAGLE3+ years Filed as: FIRST EAGLE INVESTMENT MGT, LLC Service code 28 · EIN 57-1156902	Investment Management	$82,647
BENESYS, INC.3+ years Filed as: INNOVATIVE SOFTWARE SOLUTIONS Service code 15 · EIN 23-2182079	Recordkeeping	$61,089
CONRAD SIEGEL3+ years Filed as: CONRAD SIEGAL ACTUARIES Service code 11 · EIN 23-1669823	Actuarial	$50,653

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$903 / participant

Investment mgmt$980K51.1%
Other / not subdivided$938K48.9%

% of EOY assets

1.282%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,886-100.0%

Participation rate

0.0%

0.0%0pp

47.1%-47.1pp

0.0%0pp

Annual return

11.55%

12.33%-0.8pp

8.32%+3.2pp

17.84%-6.3pp

Employer contribution / active EE

$8,502

$11,641-27.0%

$30,793-72.4%

$14,688-42.1%

Participant deferral / active EE

$90-100.0%

$770-100.0%

Admin fee / account holder

$2,802-100.0%

Provider

Service type

Compensation

LABORERS LOCAL UNION 158 PENSION FD3+ years

Service code 14 · EIN 23-6580323

Plan Administrator

$243,685

ASB CAPITAL MANAGEMENT3+ years

Filed as: ASB CAPITAL MANAGEMENT LLC

Service code 28 · EIN 80-0618452

Investment Management

$228,998

INDEPENDENT FINANCIAL PARTNERS3+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 68-0370668

Investment Management

$162,591

LOOMIS SAYLES3+ years

Filed as: LOOMIS, SAYLES & COMPANY, LP

Service code 51 · EIN 04-3200030

Investment Mgmt Fees

$149,583

INVESTMENT PERFORMANCE SERVICES3+ years

Service code 27 · EIN 58-1645832

Advisory (Plan)

$129,914

ECKERT SEAMANS CHERIN & MELLOTT LLC3+ years

Service code 29 · EIN 25-1056909

Legal

$104,809

WEDGE CAPITAL MANAGEMENT3+ years

Filed as: WEDGE CAPITAL MANAGEMENT, LLP

Service code 28 · EIN 56-1557450

Investment Management

$96,487

FIRST EAGLE3+ years

Filed as: FIRST EAGLE INVESTMENT MGT, LLC

Service code 28 · EIN 57-1156902

Investment Management

$82,647

BENESYS, INC.3+ years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS

Service code 15 · EIN 23-2182079

Recordkeeping

$61,089

CONRAD SIEGEL3+ years

Filed as: CONRAD SIEGAL ACTUARIES

Service code 11 · EIN 23-1669823

Actuarial

$50,653

LABORERS LOCAL UNION NO. 158 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABORERS LOCAL UNION NO. 158 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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