Retirement plan

ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST

Name: BOARD OF TRUSTEES-LOCAL 63 DEFINED CONTRIBUTION PENSION FUND - ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST (2019) Form 5500
Creator: BOARD OF TRUSTEES-LOCAL 63 DEFINED CONTRIBUTION PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST, BOARD OF TRUSTEES-LOCAL 63 DEFINED CONTRIBUTION PENSION FUND

BOARD OF TRUSTEES-LOCAL 63 DEFINED CONTRIBUTION PENSION FUNDEIN 36-3519910Plan #001PY 2019

1520 KENSINGTON - OAKBROOK, IL 605232139630-472-0627

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$219.5M

-10.4% from 2017

Total participants

3,424

-5.3% from 2017

Average account balance

$64,110

-5.4% from 2017

Annual return

1.67%

-9.82 pp from 2017

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$338.17M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

2,159

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

$16.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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)

$121

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
BENEFITS MANAGEMENT GROUP, INC.4+ years Filed as: BENEFITS MANAGEMENT GROUP INC. Service code 14 · EIN 20-0188125 1520 KENSINGTON ROAD, STE 200 · OAKBROOK, IL 60523	Plan Administrator	$67,800
DIMEO SCHNEIDER & ASSOCIATES LLC4+ years Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC Service code 17 · EIN 36-4001764 500 WEST MADISON ST., STE 3855 · CHICAGO, IL 606614593	Pension Consulting	$44,400
GREGORIO MARCO4+ years Filed as: GREGORIO & ASSOCIATES Service code 29 · EIN 36-4028033 2 NORTH LASALLE ST., STE 1650 · CHICAGO, IL 60602	Legal	$36,979
CALIBRE CPA GROUP PLLC4+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880 7501 WISCONSIN AVE., STE 1200 WEST · BETHESDA, MD 20814	Accounting	$36,883
LEGACY PROFESSIONALS LLP4+ years Filed as: LEGACY PROFESSIONALS, LLP Service code 10 · EIN 32-0043599 311 SOUTH WACKER DRIVE, STE 4000 · CHICAGO, IL 60606	Accounting	$6,141
AMALGAMATED BANK4+ years Filed as: AMALGAMATED BANK OF CHICAGO Service code 19 · EIN 36-0721895 ONE WEST MONROE · CHICAGO, IL 606035301	Securities Custodian	$6,086

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$228K

$67 / participant

Investment mgmt$44K19.5%
Contract admin$68K29.7%
Other / not subdivided$116K50.8%

% of EOY assets

0.104%

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: CALIBRE CPA GROUP
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,110

$95,776-33.1%

$162,185-60.5%

$77,775-17.6%

Participation rate

100.0%

88.6%+11.4pp

87.6%+12.4pp

73.2%+26.8pp

Annual return

1.67%

37.03%-35.4pp

115.61%-113.9pp

32.58%-30.9pp

Employer contribution / active EE

$5,284

$3,874+36.4%

$5,613-5.9%

$2,504+111.0%

Participant deferral / active EE

$6,125-100.0%

$7,297-100.0%

$3,966-100.0%

Admin fee / account holder

$67

$88-24.0%

$10,844-99.4%

$100-33.4%

Provider

Service type

Compensation

BENEFITS MANAGEMENT GROUP, INC.4+ years

Filed as: BENEFITS MANAGEMENT GROUP INC.

Service code 14 · EIN 20-0188125

1520 KENSINGTON ROAD, STE 200 · OAKBROOK, IL 60523

Plan Administrator

$67,800

DIMEO SCHNEIDER & ASSOCIATES LLC4+ years

Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC

Service code 17 · EIN 36-4001764

500 WEST MADISON ST., STE 3855 · CHICAGO, IL 606614593

Pension Consulting

$44,400

GREGORIO MARCO4+ years

Filed as: GREGORIO & ASSOCIATES

Service code 29 · EIN 36-4028033

2 NORTH LASALLE ST., STE 1650 · CHICAGO, IL 60602

Legal

$36,979

CALIBRE CPA GROUP PLLC4+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

7501 WISCONSIN AVE., STE 1200 WEST · BETHESDA, MD 20814

Accounting

$36,883

LEGACY PROFESSIONALS LLP4+ years

Filed as: LEGACY PROFESSIONALS, LLP

Service code 10 · EIN 32-0043599

311 SOUTH WACKER DRIVE, STE 4000 · CHICAGO, IL 60606

Accounting

$6,141

AMALGAMATED BANK4+ years

Filed as: AMALGAMATED BANK OF CHICAGO

Service code 19 · EIN 36-0721895

ONE WEST MONROE · CHICAGO, IL 606035301

Securities Custodian

$6,086

ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCH. IRONWORKERS LOCAL 63 DC PENSION TRUST

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