Retirement plan

NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD

Name: BOARD OF TRUSTEES OF THE NYDCC ANNUITY FD - NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD (2017) Form 5500
Creator: BOARD OF TRUSTEES OF THE NYDCC ANNUITY FD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD, BOARD OF TRUSTEES OF THE NYDCC ANNUITY FD

BOARD OF TRUSTEES OF THE NYDCC ANNUITY FDEIN 51-0174279Plan #001PY 2017

395 HUDSON STREET - NEW YORK, NY 10014212-366-7300LinkedIn10001+ employeesconstruction

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$2455.3M

-11.7% from 2017

Total participants

37,957

-3.2% from 2017

Average account balance

$64,686

-8.7% from 2017

Annual return

9.89%

-10.21 pp from 2017

Benchmarks

See 41 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort41 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.69B

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

38,355

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

$167.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+7.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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
GALLAGHER FIDUCIARY ADVISORS, LLC2+ years Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$66,496
SCHULTHEIS & PANETTIERI, LLP2+ years Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$65,000
THE SEGAL COMPANY1 year Filed as: THE SEGAL COMPANY (EASTERN STATES) Service code 16 · EIN 13-1835864	Consulting	$25,888
KAUFF MCGUIRE & MARGOLIS LLP2+ years Service code 29 · EIN 13-3573855	Legal	$20,260
FORD & HARRISON LLP1 year Filed as: FORD HARRISON LLP Service code 16 · EIN 58-1314995	Consulting	$7,756
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$7,033

Plan features & details

Pension benefit codes2E2G2T2F2J

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$155 / participant

Investment mgmt$74K2.5%
Other / not subdivided$3M97.5%

% of EOY assets

0.121%

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: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,686

$54,788+18.1%

$92,240-29.9%

$80,976-20.1%

Participation rate

100.0%

77.1%+22.9pp

76.5%+23.5pp

68.3%+31.7pp

Annual return

9.89%

13.07%-3.2pp

176.29%-166.4pp

22.91%-13.0pp

Employer contribution / active EE

$9,230

$3,430+169.1%

$3,680+150.8%

$2,402+284.2%

Participant deferral / active EE

$19

$2,438-99.2%

$3,897-99.5%

$3,848-99.5%

Admin fee / account holder

$78

$96-18.3%

$5,194-98.5%

$67+16.2%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC2+ years

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$66,496

SCHULTHEIS & PANETTIERI, LLP2+ years

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$65,000

THE SEGAL COMPANY1 year

Filed as: THE SEGAL COMPANY (EASTERN STATES)

Service code 16 · EIN 13-1835864

Consulting

$25,888

KAUFF MCGUIRE & MARGOLIS LLP2+ years

Service code 29 · EIN 13-3573855

Legal

$20,260

FORD & HARRISON LLP1 year

Filed as: FORD HARRISON LLP

Service code 16 · EIN 58-1314995

Consulting

$7,756

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$7,033

NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK DISTRICT COUNCIL OF CARPENTERS ANNUITY FD

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