Retirement plan

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION PLAN

Name: INTERNATIONAL ASSOC OF HEAT AND FROST INSULATORS & ALLIED WORKERS - INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION PLAN (2016) Form 5500
Creator: INTERNATIONAL ASSOC OF HEAT AND FROST INSULATORS & ALLIED WORKERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION PLAN, INTERNATIONAL ASSOC OF HEAT AND FROST INSULATORS & ALLIED WORKERS

INTERNATIONAL ASSOC OF HEAT AND FROST INSULATORS & ALLIED WORKERSEIN 34-1311911Plan #001PY 2016

33 FITCH BOULEVARD - AUSTINTOWN, OH 44515216-621-3522

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$19.1M

No prior year

Total participants

179

No prior year

Average account balance

$106,459

No prior year

Annual return

-3.93%

No prior year

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.24M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

269

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

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+6.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1507

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 12 · EIN 13-3689044	Account maintenance fees; Shareholder...	$79,298
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 27 · EIN 94-1671384	Advisory (Plan)	$66,945
BENE TRACK INC.1+ years Filed as: BENE SYS Service code 49 700 TOWER DRIVE · TROY, MI 48098	Other Services	$23,033
BARNES, IACCARINO & SHEPHERD LLP1+ years Filed as: BARNES WENDLING PS INC Service code 10 1350 EUCLID AVE · CLEVELAND, OH 44115	Accounting	$11,951
KADISH, HINKEL & WEIBEL1+ years Service code 29 1360 EAST NINTH ST · CLEVELAND, OH 44114	Legal	$5,650
NATIONAL FINANCIAL SERVICES1+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$187K

$1438 / participant

Investment mgmt$67K35.8%
Contract admin$98K52.6%
Other / not subdivided$22K11.6%

% of EOY assets

0.981%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARNES WENDLING CPAS INC
Auditor EIN: 341463411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,459

$43,423+145.2%

$78,676+35.3%

$55,167+93.0%

Participation rate

100.0%

68.0%+32.0pp

73.6%+26.4pp

69.0%+31.0pp

Annual return

-3.93%

11.53%-15.5pp

62.19%-66.1pp

169.23%-173.2pp

Employer contribution / active EE

$13,271

$1,997+564.6%

$2,850+365.6%

$1,963+576.2%

Participant deferral / active EE

$2,509-100.0%

$3,517-100.0%

$3,054-100.0%

Admin fee / account holder

$1,044

$416+150.9%

$4,510-76.9%

$504+107.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 12 · EIN 13-3689044

Account maintenance fees; Shareholder...

$79,298

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 94-1671384

Advisory (Plan)

$66,945

BENE TRACK INC.1+ years

Filed as: BENE SYS

Service code 49

700 TOWER DRIVE · TROY, MI 48098

Other Services

$23,033

BARNES, IACCARINO & SHEPHERD LLP1+ years

Filed as: BARNES WENDLING PS INC

Service code 10

1350 EUCLID AVE · CLEVELAND, OH 44115

Accounting

$11,951

KADISH, HINKEL & WEIBEL1+ years

Service code 29

1360 EAST NINTH ST · CLEVELAND, OH 44114

Legal

$5,650

NATIONAL FINANCIAL SERVICES1+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS & ALLIED WORKERS LOCAL #3 PENSION 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