Retirement plan

CHICAGO AREA IB OF T SEVERANCE AND RETIREMENT PLAN

Name: BOARD OF TRUSTEES CHICAGO AREA IBT SEVERANCE AND RETIREMENT TRUST FUND - CHICAGO AREA IB OF T SEVERANCE AND RETIREMENT PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES CHICAGO AREA IBT SEVERANCE AND RETIREMENT TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO AREA IB OF T SEVERANCE AND RETIREMENT PLAN, BOARD OF TRUSTEES CHICAGO AREA IBT SEVERANCE AND RETIREMENT TRUST FUND

BOARD OF TRUSTEES CHICAGO AREA IBT SEVERANCE AND RETIREMENT TRUST FUNDEIN 36-3296789Plan #002PY 2021

1333 BUTTERFIELD ROAD, SUITE 110 - DOWNERS GROVE, IL 60515312-738-1350

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$52.8M

+3.4% from 2020

Total participants

3,927

+0.2% from 2020

Average account balance

No prior year

Annual return

6.88%

-1.57 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.92M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

3,312

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
LEGACY PROFESSIONALS LLP6+ years Service code 10 · EIN 32-0043599	Accounting	$80,915
ASB CAPITAL MANAGEMENT6+ years Service code 28 · EIN 80-0618452	Investment Management	$66,640
AMY HERTZ6+ years Service code 30 · EIN 36-2187389	Employee (plan)	$44,133
LAURA CABALLERO6+ years Service code 30 · EIN 36-2187389	Employee (plan)	$40,927
NATIONAL INVESTMENT SERVICES6+ years Service code 28 · EIN 84-3937993	Investment Management	$40,577
DENISE LUKASZEWSKI6+ years Service code 30 · EIN 36-2187389	Employee (plan)	$38,963
JANUS HENDERSON6+ years Filed as: JANUS CAPITAL MANANGEMENT, LLC Service code 28 · EIN 01-0614895	Investment Management	$33,202
DOWD, BLOCH & BENNETT4 years Filed as: DOWD BLOCH & BENNETT Service code 29 · EIN 36-3371377	Legal	$33,033
LANER MUCHIN6+ years Service code 29 · EIN 36-3088463	Legal	$25,521
GREAT LAKES ADVISORS, LLC6+ years Service code 28 · EIN 80-0292839	Investment Management	$21,544

Plan features & details

Pension benefit codes2A

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).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$582K

$628 / participant

Investment mgmt$180K30.9%
Other / not subdivided$402K69.1%

% of EOY assets

1.103%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,225-100.0%

$146,643-100.0%

$86,821-100.0%

Participation rate

0.0%

78.0%-78.0pp

80.1%-80.1pp

72.3%-72.3pp

Annual return

6.88%

31.23%-24.4pp

22.75%-15.9pp

97.94%-91.1pp

Employer contribution / active EE

$2,306

$2,392-3.6%

$4,137-44.3%

$2,406-4.2%

Participant deferral / active EE

$4,245-100.0%

$5,506-100.0%

$4,132-100.0%

Admin fee / account holder

$195-100.0%

$10,280-100.0%

$170-100.0%

Provider

Service type

Compensation

LEGACY PROFESSIONALS LLP6+ years

Service code 10 · EIN 32-0043599

Accounting

$80,915

ASB CAPITAL MANAGEMENT6+ years

Service code 28 · EIN 80-0618452

Investment Management

$66,640

AMY HERTZ6+ years

Service code 30 · EIN 36-2187389

Employee (plan)

$44,133

LAURA CABALLERO6+ years

Service code 30 · EIN 36-2187389

Employee (plan)

$40,927

NATIONAL INVESTMENT SERVICES6+ years

Service code 28 · EIN 84-3937993

Investment Management

$40,577

DENISE LUKASZEWSKI6+ years

Service code 30 · EIN 36-2187389

Employee (plan)

$38,963

JANUS HENDERSON6+ years

Filed as: JANUS CAPITAL MANANGEMENT, LLC

Service code 28 · EIN 01-0614895

Investment Management

$33,202

DOWD, BLOCH & BENNETT4 years

Filed as: DOWD BLOCH & BENNETT

Service code 29 · EIN 36-3371377

Legal

$33,033

LANER MUCHIN6+ years

Service code 29 · EIN 36-3088463

Legal

$25,521

GREAT LAKES ADVISORS, LLC6+ years

Service code 28 · EIN 80-0292839

Investment Management

$21,544

CHICAGO AREA IB OF T SEVERANCE AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO AREA IB OF T SEVERANCE AND RETIREMENT 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