Retirement plan

IRONWORKERS LOCAL 380 RETIREMENT AND SEVERANCE PLAN

Name: IRONWORKERS LOCAL 380 RETIREMENT AND SEV FUND - IRONWORKERS LOCAL 380 RETIREMENT AND SEVERANCE PLAN (2016) Form 5500
Creator: IRONWORKERS LOCAL 380 RETIREMENT AND SEV FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRONWORKERS LOCAL 380 RETIREMENT AND SEVERANCE PLAN, IRONWORKERS LOCAL 380 RETIREMENT AND SEV FUND

IRONWORKERS LOCAL 380 RETIREMENT AND SEV FUNDEIN 37-6122834Plan #001PY 2016

1602 EAST BUTZOW DRIVE - URBANA, IL 618022008217-367-6014

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$21.3M

No prior year

Total participants

516

No prior year

Average account balance

$50,045

No prior year

Annual return

-1.75%

No prior year

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.57M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

533

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.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+3.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$462

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 9 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 26 · EIN 13-5674085	Advisory (Participants)	$232,678
BENEFIT PLANNING CONSULTANTS1+ years Service code 14 · EIN 36-3036100	Plan Administrator	$67,060
MACNELL ACCOUNTING & CONSULTING,LLP1+ years Service code 10 · EIN 30-0510353	Accounting	$35,331
BRIAN FREEMAN1+ years Filed as: BRIAN DISKIN Service code 20 · EIN 37-6122834	Trustee (individual)	$20,147
IRONWORKERS LOCAL UNION 3801+ years Service code 14 · EIN 37-6122834	Plan Administrator	$8,263
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES BLACK Service code 20 · EIN 37-6122834	Trustee (individual)	$7,949
TIMOTHY R HOTT PC1+ years Filed as: TIMOTHY O'NEILL Service code 20 · EIN 37-6122834	Trustee (individual)	$7,033
CHRIS MCDANIEL1+ years Filed as: CHRIS KUHNE Service code 20 · EIN 37-6122834	Trustee (individual)	$5,172
GREGORIO MARCO1+ years Filed as: GREGORIO & ASSOCIATES Service code 29 · EIN 36-4028033	Legal	$5,145

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

$178K

$363 / participant

Contract admin$67K37.5%
Other / not subdivided$111K62.5%

% of EOY assets

0.837%

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: MACNELL ACCOUNTING & CONSULTING, LL
Auditor EIN: 300510353
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,045

$57,921-13.6%

$84,753-41.0%

$57,658-13.2%

Participation rate

81.7%

72.9%+8.7pp

76.6%+5.1pp

70.2%+11.4pp

Annual return

-1.75%

10.24%-12.0pp

22.78%-24.5pp

5.13%-6.9pp

Employer contribution / active EE

$4,100

$2,598+57.8%

$3,574+14.7%

$1,974+107.7%

Participant deferral / active EE

$2,742-100.0%

$3,712-100.0%

$3,061-100.0%

Admin fee / account holder

$419

$130+222.9%

$5,333-92.1%

$95+343.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 26 · EIN 13-5674085

Advisory (Participants)

$232,678

BENEFIT PLANNING CONSULTANTS1+ years

Service code 14 · EIN 36-3036100

Plan Administrator

$67,060

MACNELL ACCOUNTING & CONSULTING,LLP1+ years

Service code 10 · EIN 30-0510353

Accounting

$35,331

BRIAN FREEMAN1+ years

Filed as: BRIAN DISKIN

Service code 20 · EIN 37-6122834

Trustee (individual)

$20,147

IRONWORKERS LOCAL UNION 3801+ years

Service code 14 · EIN 37-6122834

Plan Administrator

$8,263

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES BLACK

Service code 20 · EIN 37-6122834

Trustee (individual)

$7,949

TIMOTHY R HOTT PC1+ years

Filed as: TIMOTHY O'NEILL

Service code 20 · EIN 37-6122834

Trustee (individual)

$7,033

CHRIS MCDANIEL1+ years

Filed as: CHRIS KUHNE

Service code 20 · EIN 37-6122834

Trustee (individual)

$5,172

GREGORIO MARCO1+ years

Filed as: GREGORIO & ASSOCIATES

Service code 29 · EIN 36-4028033

Legal

$5,145

IRONWORKERS LOCAL 380 RETIREMENT AND SEVERANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRONWORKERS LOCAL 380 RETIREMENT AND SEVERANCE 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