Retirement plan

BAC LOCAL 5 NEW YORK ANNUITY PLAN

Name: BAC LOCAL 5 NEW YORK ANNUITY PLAN - BAC LOCAL 5 NEW YORK ANNUITY PLAN (2019) Form 5500
Creator: BAC LOCAL 5 NEW YORK ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAC LOCAL 5 NEW YORK ANNUITY PLAN, BAC LOCAL 5 NEW YORK ANNUITY PLAN

BAC LOCAL 5 NEW YORK ANNUITY PLANEIN 23-7107109Plan #002PY 2019

66-05 WOODHAVEN BLVD - REGO PARK, NY 11374718-459-5800

Prospect flagsHigh cashLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$21M

+16.2% from 2018

Total participants

1,949

+12.4% from 2018

Average account balance

$10,770

+3.4% from 2018

Annual return

16.17%

+18.37 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

$25.37M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

1,723

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

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$873

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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 7 by compensation

Provider	Service type	Compensation
PIMCO FUNDS5+ years Filed as: PIMCO Service code 28 · EIN 33-0239892	Investment Management	$48,263
METROPOLITAN WEST ASSET MANAGEMENT5+ years Filed as: TCW GROUP Service code 28 · EIN 95-2749628	Investment Management	$25,371
BOSTON PARTNERS5+ years Filed as: ROBECO/BOSTON PARTNERS Service code 28 · EIN 98-0202744	Investment Management	$23,764
TEAL, BECKER & CHIARAMONTE CPAS PC5+ years Filed as: TEAL, BECKER, & CHIARAMONTE CPAS PC Service code 10 · EIN 14-1624930	Accounting	$23,671
DICKINSON WRIGHT PLLC5+ years Filed as: DICKINSON GROUP, LLC Service code 14 · EIN 20-1241472	Plan Administrator	$21,094
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 27 · EIN 13-5674085	Advisory (Plan)	$12,500
BARNES, IACCARINO & SHEPHERD LLP5+ years Filed as: BARNES, IACCARINO & SHEPHERD, LLP Service code 29 · EIN 26-3858697	Legal	$8,202

Plan features & details

Pension benefit codes2A2E

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

3 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$200K

$133 / participant

Investment mgmt$101K50.3%
Contract admin$28K13.9%
Other / not subdivided$72K35.8%

% of EOY assets

0.952%

all-in expense ratio

Categories reported

2 / 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: TEAL, BECKER AND CHIARAMONTE CPAS
Auditor EIN: 141624930
Audit fees: (not subdivided)
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

$10,770

$66,051-83.7%

$92,893-88.4%

$77,787-86.2%

Participation rate

100.0%

81.0%+19.0pp

76.0%+24.0pp

73.2%+26.8pp

Annual return

16.17%

20.69%-4.5pp

109.41%-93.2pp

32.57%-16.4pp

Employer contribution / active EE

$751

$3,426-78.1%

$3,653-79.5%

$2,504-70.0%

Participant deferral / active EE

$3,013-100.0%

$4,236-100.0%

$3,967-100.0%

Admin fee / account holder

$103

$148-30.6%

$5,794-98.2%

$100+2.5%

Provider

Service type

Compensation

PIMCO FUNDS5+ years

Filed as: PIMCO

Service code 28 · EIN 33-0239892

Investment Management

$48,263

METROPOLITAN WEST ASSET MANAGEMENT5+ years

Filed as: TCW GROUP

Service code 28 · EIN 95-2749628

Investment Management

$25,371

BOSTON PARTNERS5+ years

Filed as: ROBECO/BOSTON PARTNERS

Service code 28 · EIN 98-0202744

Investment Management

$23,764

TEAL, BECKER & CHIARAMONTE CPAS PC5+ years

Filed as: TEAL, BECKER, & CHIARAMONTE CPAS PC

Service code 10 · EIN 14-1624930

Accounting

$23,671

DICKINSON WRIGHT PLLC5+ years

Filed as: DICKINSON GROUP, LLC

Service code 14 · EIN 20-1241472

Plan Administrator

$21,094

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 27 · EIN 13-5674085

Advisory (Plan)

$12,500

BARNES, IACCARINO & SHEPHERD LLP5+ years

Filed as: BARNES, IACCARINO & SHEPHERD, LLP

Service code 29 · EIN 26-3858697

Legal

$8,202

BAC LOCAL 5 NEW YORK ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAC LOCAL 5 NEW YORK ANNUITY PLAN

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