Retirement plan

RETIREMENT AND PENSION PLAN FOR OFFICERS & EMPLOYEES OF THE NYCDCC AND RELATED ORGANIZATIONS

Name: BD TRUSTEES RET AND PENSION PLAN FOR OFFICERS AND - RETIREMENT AND PENSION PLAN FOR OFFICERS & EMPLOYEES OF THE NYCDCC AND RELATED ORGANIZATIONS (2018) Form 5500
Creator: BD TRUSTEES RET AND PENSION PLAN FOR OFFICERS AND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT AND PENSION PLAN FOR OFFICERS & EMPLOYEES OF THE NYCDCC AND RELATED ORGANIZATIONS, BD TRUSTEES RET AND PENSION PLAN FOR OFFICERS AND

BD TRUSTEES RET AND PENSION PLAN FOR OFFICERS ANDdba EMPL OF THE NYCDCC ANDEIN 51-0167964Plan #001PY 2018

395 HUDSON STREET, 9TH FLOOR - NEW YORK, NY 100143695212-366-7300

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$108.9M

+2.7% from 2017

Total participants

739

-1.6% from 2017

Average account balance

No prior year

Annual return

9.18%

-0.37 pp from 2017

Benchmarks

See 148 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Cohort148 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$105.12M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

615

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

$4.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$103K

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

+1.71%

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 18 by compensation

Provider	Service type	Compensation
NYCDCC WELFARE FUND3+ years Service code 15 · EIN 13-5615576	Recordkeeping	$193,651
NEWTOWER TRUST COMPANY3+ years Service code 21 · EIN 30-0872552	Bank Trustee	$99,173
ULLICO2 years Filed as: THE UNION LABOR LIFE INSURANCE CO Service code 28 · EIN 13-1423090	Investment Management	$79,861
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY - GRAYSTONE Service code 27 · EIN 36-3145972	Advisory (Plan)	$75,000
METROPOLITAN WEST ASSET MANAGEMENT2 years Filed as: TCW ASSET MANAGEMENT COMPANY LLC Service code 28 · EIN 95-3703295	Investment Management	$67,676
FIRST ACTUARIAL CONSULTING, INC.3+ years Filed as: FIRST ACTUARIAL CONSULTING INC Service code 11 · EIN 42-1565552	Actuarial	$61,485
CAMBIAR INVESTORS LLC3+ years Service code 28 · EIN 84-1596610	Investment Management	$46,645
LSV ASSET MANAGEMENT2 years Filed as: HGK ASSET MANAGEMENT Service code 28 · EIN 52-1296988	Investment Management	$45,081
SOUTHERN SUN ASSET MANAGEMENT2 years Filed as: SOUTHERN SUN ASSET MANAGMENT LLC Service code 28 · EIN 27-2990431	Investment Management	$41,471
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF NEW YORK Service code 19 · EIN 13-4920330	Securities Custodian	$29,657

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$886K

$8950 / participant

Investment mgmt$509K57.4%
Other / not subdivided$377K42.6%

% of EOY assets

0.814%

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: NOVAK FRANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$360,335-100.0%

$145,218-100.0%

Participation rate

0.0%

0.0%0pp

20.5%-20.5pp

Annual return

9.18%

25.06%-15.9pp

-0.67%+9.8pp

Employer contribution / active EE

$43,682

$22,783+91.7%

$31,731+37.7%

Participant deferral / active EE

$473-100.0%

Admin fee / account holder

$10,090-100.0%

$28,383-100.0%

Provider

Service type

Compensation

NYCDCC WELFARE FUND3+ years

Service code 15 · EIN 13-5615576

Recordkeeping

$193,651

NEWTOWER TRUST COMPANY3+ years

Service code 21 · EIN 30-0872552

Bank Trustee

$99,173

ULLICO2 years

Filed as: THE UNION LABOR LIFE INSURANCE CO

Service code 28 · EIN 13-1423090

Investment Management

$79,861

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY - GRAYSTONE

Service code 27 · EIN 36-3145972

Advisory (Plan)

$75,000

METROPOLITAN WEST ASSET MANAGEMENT2 years

Filed as: TCW ASSET MANAGEMENT COMPANY LLC

Service code 28 · EIN 95-3703295

Investment Management

$67,676

FIRST ACTUARIAL CONSULTING, INC.3+ years

Filed as: FIRST ACTUARIAL CONSULTING INC

Service code 11 · EIN 42-1565552

Actuarial

$61,485

CAMBIAR INVESTORS LLC3+ years

Service code 28 · EIN 84-1596610

Investment Management

$46,645

LSV ASSET MANAGEMENT2 years

Filed as: HGK ASSET MANAGEMENT

Service code 28 · EIN 52-1296988

Investment Management

$45,081

SOUTHERN SUN ASSET MANAGEMENT2 years

Filed as: SOUTHERN SUN ASSET MANAGMENT LLC

Service code 28 · EIN 27-2990431

Investment Management

$41,471

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF NEW YORK

Service code 19 · EIN 13-4920330

Securities Custodian

$29,657

RETIREMENT AND PENSION PLAN FOR OFFICERS & EMPLOYEES OF THE NYCDCC AND RELATED ORGANIZATIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT AND PENSION PLAN FOR OFFICERS & EMPLOYEES OF THE NYCDCC AND RELATED ORGANIZATIONS

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