Retirement plan

LABORERS LOCAL UNION NO. 158 PENSION PLAN

Name: LABORERS LOCAL UNION NO. 158 PENSION FUND - LABORERS LOCAL UNION NO. 158 PENSION PLAN (2023) 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 2023

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

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$232.6M

+7.7% from 2022

Total participants

5,927

+4.9% from 2022

Average account balance

No prior year

Annual return

6.35%

+15.79 pp from 2022

Benchmarks

See 154 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort154 peers

Snapshot2023

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 23 by compensation

Provider	Service type	Compensation
LABORERS LOCAL UNION 158 PENSION FD9+ years Service code 14 · EIN 23-6580323	Plan Administrator	$316,380
CONRAD SIEGEL6 years Filed as: CONRAD SIEGEL ACTUARIES Service code 11 · EIN 23-1669823	Actuarial	$239,751
INVESTMENT PERFORMANCE SERVICES9+ years Service code 16 · EIN 58-1645832	Consulting	$232,417
BOYD WATTERSON ASSET MANAGEMENT4 years Filed as: BOYD WATTERSON ASSET MGMT, LLC Service code 28 · EIN 34-1922005	Investment Management	$212,619
LOOMIS SAYLES6 years Filed as: LOOMIS, SAYLES & COMPANY, L.P. Service code 28 · EIN 04-3200030	Investment Management	$188,684
ASB CAPITAL MANAGEMENT9+ years Filed as: ASB CAPITAL MANAGEMENT LLC Service code 28 · EIN 80-0618452	Investment Management	$164,047
INDEPENDENT FINANCIAL PARTNERS9+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668	Investment Management	$163,477
INTERCONTINENTAL REAL ESTATE CORP6 years Service code 28 · EIN 04-2895544	Investment Management	$145,673
WEDGE CAPITAL MANAGEMENT9+ years Filed as: WEDGE CAPITAL MANAGEMENT, LLP Service code 28 · EIN 56-1557450	Investment Management	$126,742
HARDMAN JOHNSTON GLOBAL ADVISORS2 years Filed as: HARDMAN JOHNSTON GLOBAL ADVISORS LL Service code 28 · EIN 13-3257590	Investment Management	$114,331

Enrolled actuary

1 attachment

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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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$3.0M

$1951 / participant

Recordkeeping$130K4.3%
Trustee / custodial$65K2.1%
Investment mgmt$2M54.5%
Legal$24K0.8%
Actuarial$240K7.9%
Salaries / allowances$316K10.4%
Other / not subdivided$605K19.9%

% of EOY assets

1.306%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: $31,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$473,625-100.0%

$13,363-100.0%

Participation rate

0.0%

0.0%0pp

37.3%-37.3pp

2.2%-2.2pp

Annual return

6.35%

7.95%-1.6pp

20.18%-13.8pp

9.11%-2.8pp

Employer contribution / active EE

$8,972

$14,684-38.9%

$29,108-69.2%

$12,231-26.6%

Participant deferral / active EE

$520-100.0%

$6-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

$2,262-100.0%

$125-100.0%

Provider

Service type

Compensation

LABORERS LOCAL UNION 158 PENSION FD9+ years

Service code 14 · EIN 23-6580323

Plan Administrator

$316,380

CONRAD SIEGEL6 years

Filed as: CONRAD SIEGEL ACTUARIES

Service code 11 · EIN 23-1669823

Actuarial

$239,751

INVESTMENT PERFORMANCE SERVICES9+ years

Service code 16 · EIN 58-1645832

Consulting

$232,417

BOYD WATTERSON ASSET MANAGEMENT4 years

Filed as: BOYD WATTERSON ASSET MGMT, LLC

Service code 28 · EIN 34-1922005

Investment Management

$212,619

LOOMIS SAYLES6 years

Filed as: LOOMIS, SAYLES & COMPANY, L.P.

Service code 28 · EIN 04-3200030

Investment Management

$188,684

ASB CAPITAL MANAGEMENT9+ years

Filed as: ASB CAPITAL MANAGEMENT LLC

Service code 28 · EIN 80-0618452

Investment Management

$164,047

INDEPENDENT FINANCIAL PARTNERS9+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 68-0370668

Investment Management

$163,477

INTERCONTINENTAL REAL ESTATE CORP6 years

Service code 28 · EIN 04-2895544

Investment Management

$145,673

WEDGE CAPITAL MANAGEMENT9+ years

Filed as: WEDGE CAPITAL MANAGEMENT, LLP

Service code 28 · EIN 56-1557450

Investment Management

$126,742

HARDMAN JOHNSTON GLOBAL ADVISORS2 years

Filed as: HARDMAN JOHNSTON GLOBAL ADVISORS LL

Service code 28 · EIN 13-3257590

Investment Management

$114,331

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