Retirement plan

MINNESOTA TEAMSTERS CONSTRUCTION DIVISION PENSION FUND

Name: TRUSTEES OF MINNESOTA TEAMSTERS CONSTR DIVISION PENSION FUND - MINNESOTA TEAMSTERS CONSTRUCTION DIVISION PENSION FUND (2021) Form 5500
Creator: TRUSTEES OF MINNESOTA TEAMSTERS CONSTR DIVISION PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINNESOTA TEAMSTERS CONSTRUCTION DIVISION PENSION FUND, TRUSTEES OF MINNESOTA TEAMSTERS CONSTR DIVISION PENSION FUND

TRUSTEES OF MINNESOTA TEAMSTERS CONSTR DIVISION PENSION FUNDEIN 41-6187751Plan #001PY 2021

2520 PILOT KNOB ROAD, SUITE 325 - MENDOTA HEIGHTS, MN 551201369651-256-1900LinkedIn1-10 employeesconstruction

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$238.2M

+14.7% from 2020

Total participants

2,380

+4.7% from 2020

Average account balance

No prior year

Annual return

14.83%

+3.85 pp from 2020

Benchmarks

See 253 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort253 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$248.62M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

1,634

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

$9.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.93%

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 9 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS6+ years Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 13 · EIN 52-1590516	Contract Administrator	$172,129
INDEPENDENT FINANCIAL PARTNERS6+ years Filed as: CHAMPLAIN INVESTMENT PARTNERS Service code 28 · EIN 20-1367417	Investment Management	$124,172
UNION BANK & TRUST COMPANY6+ years Service code 19 · EIN 41-1267434	Securities Custodian	$100,322
MEKETA INVESTMENT GROUP6+ years Service code 27 · EIN 04-2659023	Advisory (Plan)	$89,883
THE SEGAL COMPANY6+ years Service code 11 · EIN 13-1975125	Actuarial	$64,994
MCGRANN SHEA CARNIVAL STRAUGHN & LA6+ years Service code 29 · EIN 41-1654544	Legal	$51,875
LEGACY PROFESSIONALS LLP6+ years Service code 10 · EIN 32-0043599	Accounting	$30,588
CONSTITUTION CAPITAL PARTNERS2 years Filed as: CONSTITUTION CAPITAL Service code 18 · EIN 20-5977927	Custodial (securities); Custodial (ot...	$23,673
STATE STREET GLOBAL ADVISORS6+ years Service code 18 · EIN 81-4017137	Custodial (other than securities); So...	$10,755

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$779K

$952 / participant

Investment mgmt$351K45.1%
Contract admin$154K19.8%
Other / not subdivided$274K35.2%

% of EOY assets

0.327%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$533,469-100.0%

$201,582-100.0%

$1,472,696-100.0%

Participation rate

0.0%

0.0%0pp

23.6%-23.6pp

0.7%-0.7pp

Annual return

14.83%

24.46%-9.6pp

11.08%+3.8pp

13.24%+1.6pp

Employer contribution / active EE

$15,064

$11,981+25.7%

$28,418-47.0%

$14,616+3.1%

Participant deferral / active EE

$86-100.0%

$830-100.0%

Admin fee / account holder

$5,364-100.0%

$6,559-100.0%

$4,137-100.0%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS6+ years

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 13 · EIN 52-1590516

Contract Administrator

$172,129

INDEPENDENT FINANCIAL PARTNERS6+ years

Filed as: CHAMPLAIN INVESTMENT PARTNERS

Service code 28 · EIN 20-1367417

Investment Management

$124,172

UNION BANK & TRUST COMPANY6+ years

Service code 19 · EIN 41-1267434

Securities Custodian

$100,322

MEKETA INVESTMENT GROUP6+ years

Service code 27 · EIN 04-2659023

Advisory (Plan)

$89,883

THE SEGAL COMPANY6+ years

Service code 11 · EIN 13-1975125

Actuarial

$64,994

MCGRANN SHEA CARNIVAL STRAUGHN & LA6+ years

Service code 29 · EIN 41-1654544

Legal

$51,875

LEGACY PROFESSIONALS LLP6+ years

Service code 10 · EIN 32-0043599

Accounting

$30,588

CONSTITUTION CAPITAL PARTNERS2 years

Filed as: CONSTITUTION CAPITAL

Service code 18 · EIN 20-5977927

Custodial (securities); Custodial (ot...

$23,673

STATE STREET GLOBAL ADVISORS6+ years

Service code 18 · EIN 81-4017137

Custodial (other than securities); So...

$10,755

MINNESOTA TEAMSTERS CONSTRUCTION DIVISION PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINNESOTA TEAMSTERS CONSTRUCTION DIVISION PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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