Retirement plan

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL 17 ANNUITY FUND

Name: TRUSTEES OF INT'L ASSN OF HEAT AND FROST INSULATORS LOC 17 ANNUITY FD - INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL 17 ANNUITY FUND (2019) Form 5500
Creator: TRUSTEES OF INT'L ASSN OF HEAT AND FROST INSULATORS LOC 17 ANNUITY FD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL 17 ANNUITY FUND, TRUSTEES OF INT'L ASSN OF HEAT AND FROST INSULATORS LOC 17 ANNUITY FD

TRUSTEES OF INT'L ASSN OF HEAT AND FROST INSULATORS LOC 17 ANNUITY FDEIN 36-6754873Plan #002PY 2019

18520 SPRING CREEK DRIVE - TINLEY PARK, IL 60477708-468-8000

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$183.4M

+13.7% from 2018

Total participants

1,533

-4.1% from 2018

Average account balance

$119,632

+18.6% from 2018

Annual return

14.57%

+16.94 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$215.66M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

1,435

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

$13.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+9.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$721

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 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4 years Filed as: STRATEGIC CAPITAL INVEST ADVS., INC Service code 27 · EIN 36-4268991	Advisory (Plan)	$47,500
LEGACY PROFESSIONALS LLP5+ years Service code 10 · EIN 32-0043599	Accounting	$44,327
MARY MCMULLIN2 years Service code 30 · EIN 36-6754873	Employee (plan)	$37,194
JOHNSON & KROL, LLC5+ years Service code 29 · EIN 36-4342024	Legal	$14,250
JIM HALLINAN PENSION CONSULTING LLC5+ years Filed as: JIM KLEMME Service code 10 8159 W. BRYN MAWR · CHICAGO, IL 606312940	Accounting	$7,220

Plan features & details

Pension benefit codes2C

Plan features

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

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$932 / participant

Investment mgmt$950K79.8%
Other / not subdivided$241K20.2%

% of EOY assets

0.649%

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

$119,632

$66,051+81.1%

$92,909+28.8%

$77,775+53.8%

Participation rate

100.0%

81.0%+19.0pp

76.0%+24.0pp

73.2%+26.8pp

Annual return

14.57%

20.69%-6.1pp

109.44%-94.9pp

32.58%-18.0pp

Employer contribution / active EE

$4,710

$3,426+37.5%

$3,653+28.9%

$2,504+88.1%

Participant deferral / active EE

$1,259

$3,013-58.2%

$4,238-70.3%

$3,966-68.2%

Admin fee / account holder

$777

$148+425.7%

$5,795-86.6%

$100+676.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Filed as: STRATEGIC CAPITAL INVEST ADVS., INC

Service code 27 · EIN 36-4268991

Advisory (Plan)

$47,500

LEGACY PROFESSIONALS LLP5+ years

Service code 10 · EIN 32-0043599

Accounting

$44,327

MARY MCMULLIN2 years

Service code 30 · EIN 36-6754873

Employee (plan)

$37,194

JOHNSON & KROL, LLC5+ years

Service code 29 · EIN 36-4342024

Legal

$14,250

JIM HALLINAN PENSION CONSULTING LLC5+ years

Filed as: JIM KLEMME

Service code 10

8159 W. BRYN MAWR · CHICAGO, IL 606312940

Accounting

$7,220

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL 17 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL 17 ANNUITY FUND

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