Retirement plan

STEAMFITTERS LOCAL 449 RETIREMENT SECURITY FUND

Name: BOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUND - STEAMFITTERS LOCAL 449 RETIREMENT SECURITY FUND (2022) Form 5500
Creator: BOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEAMFITTERS LOCAL 449 RETIREMENT SECURITY FUND, BOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUND

BOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUNDEIN 25-6135334Plan #001PY 2022

232 WISE ROAD, SUITE 200 - HARMONY, PA 160379201412-381-1133LinkedIn1001-5000 employeesconstruction

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$333.5M

-5.5% from 2016

Total participants

4,778

+37.1% from 2016

Average account balance

$69,790

No prior year

Annual return

-14.70%

+19.56 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$402.42M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

4,857

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

$15.53M

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP Service code 19 TWO ALLEGHENY CENTER NOVA TOWER 2 · PITTSBURGH, PA 15212	Securities Custodian	$498,211
CDS ADMINISTRATORS6 years Service code 13 · EIN 25-1352803 232 WISE ROAD, SUITE 220 · HARMONY, PA 16037	Contract Administrator	$138,858
MEYER, UNKOVIC & SCOTT4 years Service code 29 · EIN 25-1008021 535 SMITHFIELD STREET, SUITE 1300 · PITTSBURGH, PA 15222	Legal	$18,722

Plan features & details

Pension benefit codes2E2G2J

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$499K

$135 / participant

Investment mgmt$273K54.7%
Contract admin$163K32.6%
Other / not subdivided$63K12.7%

% of EOY assets

0.150%

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: HENRY ROSSI & CO., LLP
Auditor EIN: 251698045
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,790

$76,774-9.1%

$112,270-37.8%

$77,906-10.4%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-14.70%

-10.25%-4.4pp

27.49%-42.2pp

12.16%-26.9pp

Employer contribution / active EE

$3,534

$3,977-11.1%

$3,635-2.8%

$2,846+24.2%

Participant deferral / active EE

$345

$3,778-90.9%

$4,729-92.7%

$4,805-92.8%

Admin fee / account holder

$104

$239-56.3%

$6,411-98.4%

$133-21.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP

Service code 19

TWO ALLEGHENY CENTER NOVA TOWER 2 · PITTSBURGH, PA 15212

Securities Custodian

$498,211

CDS ADMINISTRATORS6 years

Service code 13 · EIN 25-1352803

232 WISE ROAD, SUITE 220 · HARMONY, PA 16037

Contract Administrator

$138,858

MEYER, UNKOVIC & SCOTT4 years

Service code 29 · EIN 25-1008021

535 SMITHFIELD STREET, SUITE 1300 · PITTSBURGH, PA 15222

Legal

$18,722

STEAMFITTERS LOCAL 449 RETIREMENT SECURITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEAMFITTERS LOCAL 449 RETIREMENT SECURITY 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