Retirement plan

IRON WORKERS DEFINED CONTRIBUTION PENSION FUND PLAN

Name: BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25 - IRON WORKERS DEFINED CONTRIBUTION PENSION FUND PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRON WORKERS DEFINED CONTRIBUTION PENSION FUND PLAN, BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25

BOARD OF TRUSTEES, IRON WORKERS LOCAL NO. 25EIN 27-2392474Plan #001PY 2020

700 TOWER DRIVE, SUITE 300 - TROY, MI 480982808248-347-3100

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$85.7M

+12.7% from 2019

Total participants

4,074

+8.2% from 2019

Average account balance

$21,154

+4.7% from 2019

Annual return

-3.61%

-9.54 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$231.62M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

4,951

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 14 · EIN 04-1590850	Plan Administrator	$438,839
BENESYS, INC.2 years Service code 14 · EIN 38-2383171	Plan Administrator	$29,263
NEPC, LLC2 years Service code 17 · EIN 26-1429809	Pension Consulting	$21,667
PLANTE & MORAN, PLLC5+ years Service code 10 · EIN 38-1357951	Accounting	$17,125
O'SULLIVAN ASSOCIATES1 year Filed as: SULLIVAN, WARD, PATTON, GLEESON Service code 29 · EIN 38-1880608	Legal	$11,669
COMERICA BANK1 year Service code 49 · EIN 42-1741646	Other Services	$5,861
STEFANSKY, HOLLOWAY & NICHOLS, INC.2 years Service code 10 · EIN 38-2388845	Accounting	$5,465
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
HENSSLER ASSET MANAGEMENT LLC3 years Filed as: HENSSLER Service code 52 · EIN 58-2380817	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 94-2362417	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$541K

$133 / participant

Investment mgmt$439K81.1%
Contract admin$30K5.5%
Other / not subdivided$73K13.4%

% of EOY assets

0.631%

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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
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

$21,154

$81,719-74.1%

$101,248-79.1%

$90,288-76.6%

Participation rate

99.5%

80.7%+18.8pp

75.8%+23.7pp

73.4%+26.1pp

Annual return

-3.61%

337.64%-341.2pp

46.47%-50.1pp

53.97%-57.6pp

Employer contribution / active EE

$3,556

$3,622-1.8%

$3,660-2.8%

$2,524+40.9%

Participant deferral / active EE

$3,310-100.0%

$4,370-100.0%

$4,232-100.0%

Admin fee / account holder

$133

$162-17.6%

$5,945-97.8%

$114+17.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 14 · EIN 04-1590850

Plan Administrator

$438,839

BENESYS, INC.2 years

Service code 14 · EIN 38-2383171

Plan Administrator

$29,263

NEPC, LLC2 years

Service code 17 · EIN 26-1429809

Pension Consulting

$21,667

PLANTE & MORAN, PLLC5+ years

Service code 10 · EIN 38-1357951

Accounting

$17,125

O'SULLIVAN ASSOCIATES1 year

Filed as: SULLIVAN, WARD, PATTON, GLEESON

Service code 29 · EIN 38-1880608

Legal

$11,669

COMERICA BANK1 year

Service code 49 · EIN 42-1741646

Other Services

$5,861

STEFANSKY, HOLLOWAY & NICHOLS, INC.2 years

Service code 10 · EIN 38-2388845

Accounting

$5,465

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

HENSSLER ASSET MANAGEMENT LLC3 years

Filed as: HENSSLER

Service code 52 · EIN 58-2380817

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 94-2362417

Indirect Investment Fees

IRON WORKERS DEFINED CONTRIBUTION PENSION FUND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRON WORKERS DEFINED CONTRIBUTION PENSION FUND 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