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 (2017) 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 2017

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$20.7M

+8.5% from 2016

Total participants

169

-5.6% from 2016

Average account balance

$122,350

+14.9% from 2016

Annual return

12.45%

+16.38 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$108,661
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 27 · EIN 94-1671384	Advisory (Plan)	$68,406
BENE TRACK INC.2+ years Filed as: BENE SYS Service code 49 700 TOWER DRIVE · TROY, MI 48098	Other Services	$18,283
BARNES, IACCARINO & SHEPHERD LLP2+ years Filed as: BARNES WENDLING PS INC Service code 10 1350 EUCLID AVE · CLEVELAND, OH 44115	Accounting	$11,236
INSURANCE PARTNERS AGENCY, INC1 year Service code 16 26865 CENTER RIDGE RD · WESTLAKE, OH 44145	Consulting	$8,146
KADISH, HINKEL & WEIBEL2+ years Service code 29 1360 EAST NINTH ST · CLEVELAND, OH 44114	Legal	$8,020
NATIONAL FINANCIAL SERVICES2+ 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

$223K

$1841 / participant

Investment mgmt$68K30.7%
Other / not subdivided$154K69.3%

% of EOY assets

1.077%

all-in expense ratio

Categories reported

1 / 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

$122,350

$50,637+141.6%

$86,581+41.3%

$62,293+96.4%

Participation rate

100.0%

67.9%+32.1pp

73.5%+26.5pp

69.5%+30.5pp

Annual return

12.45%

20.80%-8.3pp

965.06%-952.6pp

28.90%-16.4pp

Employer contribution / active EE

$14,345

$2,075+591.2%

$2,840+405.2%

$2,042+602.4%

Participant deferral / active EE

$2,611-100.0%

$3,609-100.0%

$3,169-100.0%

Admin fee / account holder

$1,318

$413+218.9%

$4,904-73.1%

$479+175.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$108,661

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 94-1671384

Advisory (Plan)

$68,406

BENE TRACK INC.2+ years

Filed as: BENE SYS

Service code 49

700 TOWER DRIVE · TROY, MI 48098

Other Services

$18,283

BARNES, IACCARINO & SHEPHERD LLP2+ years

Filed as: BARNES WENDLING PS INC

Service code 10

1350 EUCLID AVE · CLEVELAND, OH 44115

Accounting

$11,236

INSURANCE PARTNERS AGENCY, INC1 year

Service code 16

26865 CENTER RIDGE RD · WESTLAKE, OH 44145

Consulting

$8,146

KADISH, HINKEL & WEIBEL2+ years

Service code 29

1360 EAST NINTH ST · CLEVELAND, OH 44114

Legal

$8,020

NATIONAL FINANCIAL SERVICES2+ 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