Retirement plan

INSULATORS LOCAL NO. 23 ANNUITY FUND

Name: INSULATORS LOCAL NO. 23 ANNUITY FUND - INSULATORS LOCAL NO. 23 ANNUITY FUND (2017) Form 5500
Creator: INSULATORS LOCAL NO. 23 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSULATORS LOCAL NO. 23 ANNUITY FUND, INSULATORS LOCAL NO. 23 ANNUITY FUND

INSULATORS LOCAL NO. 23 ANNUITY FUNDEIN 25-1586636Plan #002PY 2017

4785 LINGLESTOWN ROAD, SUITE 200 - HARRISBURG, PA 171120480717-671-8551

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$26.6M

+12.1% from 2016

Total participants

495

-4.6% from 2016

Average account balance

$73,199

+10.8% from 2016

Annual return

12.94%

+13.56 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.99M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

325

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

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$786

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 3 by compensation

Provider	Service type	Compensation
PATH ADMINISTRATORS2+ years Service code 13 · EIN 46-1226464 4785 LINGLESTOWN RD, STE 200 · HARRISBURG, PA 171120480	Contract Administrator	$27,665
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES W. JOHNSTON, PC Service code 29 · EIN 23-2077724 101 ERFORD ROAD, STE 302 · CAMP HILL, PA 170010098	Legal	$8,029
ALAN ROSS & COMPANY, PC2+ years Service code 10 · EIN 20-5367494 10 HEARTHSTONE CT, STE 100 · READING, PA 19606	Accounting	$7,750

Plan features & details

Pension benefit codes2A2E2G

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.
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.

Opportunity flags

2 tripped

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

$196K

$431 / participant

Investment mgmt$135K68.6%
Contract admin$28K14.1%
Other / not subdivided$34K17.4%

% of EOY assets

0.737%

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: ALAN ROSS & COMPANY, PC
Auditor EIN: 205367494
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,199

$60,545+20.9%

$92,240-20.6%

$69,631+5.1%

Participation rate

71.2%

72.2%-0.9pp

76.5%-5.3pp

70.7%+0.5pp

Annual return

12.94%

19.71%-6.8pp

176.29%-163.3pp

27571.02%-27558.1pp

Employer contribution / active EE

$2,086

$2,633-20.8%

$3,680-43.3%

$2,032+2.6%

Participant deferral / active EE

$319

$2,828-88.7%

$3,897-91.8%

$3,224-90.1%

Admin fee / account holder

$539

$145+272.5%

$5,194-89.6%

$110+388.4%

Provider

Service type

Compensation

PATH ADMINISTRATORS2+ years

Service code 13 · EIN 46-1226464

4785 LINGLESTOWN RD, STE 200 · HARRISBURG, PA 171120480

Contract Administrator

$27,665

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES W. JOHNSTON, PC

Service code 29 · EIN 23-2077724

101 ERFORD ROAD, STE 302 · CAMP HILL, PA 170010098

Legal

$8,029

ALAN ROSS & COMPANY, PC2+ years

Service code 10 · EIN 20-5367494

10 HEARTHSTONE CT, STE 100 · READING, PA 19606

Accounting

$7,750

INSULATORS LOCAL NO. 23 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSULATORS LOCAL NO. 23 ANNUITY FUND

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