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 (2024) 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 2024

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$3508M

-11.7% from 2017

Total participants

38,337

-3.2% from 2017

Average account balance

$91,504

-8.7% from 2017

Annual return

10.13%

-10.21 pp from 2017

Benchmarks

See 57 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort57 peers

Snapshot2024

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 4 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC9+ years Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$71,268
SCHULTHEIS & PANETTIERI, LLP9+ years Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$69,500
THE SEGAL COMPANY2 years Filed as: THE SEGAL COMPANY (EASTERN STATE) Service code 16 · EIN 13-1835864	Consulting	$13,659
KAUFF MCGUIRE & MARGOLIS LLP9+ years Service code 29 · EIN 13-3573855	Legal	$8,645

Plan features & details

Pension benefit codes2E2F2G2J2T

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

$3.7M

$230 / participant

Recordkeeping$582K15.7%
Investment mgmt$73K2.0%
Legal$240K6.5%
Actuarial$61K1.6%
Salaries / allowances$2M42.2%
Other trustee fees$11K0.3%
Other / not subdivided$1M31.7%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

6 / 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: $69,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,504

$63,356+44.4%

$102,437-10.7%

$106,553-14.1%

Participation rate

100.0%

84.3%+15.7pp

74.5%+25.5pp

69.8%+30.2pp

Annual return

10.13%

14.77%-4.6pp

24.95%-14.8pp

17.37%-7.2pp

Employer contribution / active EE

$9,716

$4,310+125.4%

$3,871+151.0%

$3,359+189.3%

Participant deferral / active EE

$34

$3,479-99.0%

$5,060-99.3%

$5,562-99.4%

Admin fee / account holder

$97

$110-12.4%

$8,388-98.8%

$80+21.2%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC9+ years

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$71,268

SCHULTHEIS & PANETTIERI, LLP9+ years

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$69,500

THE SEGAL COMPANY2 years

Filed as: THE SEGAL COMPANY (EASTERN STATE)

Service code 16 · EIN 13-1835864

Consulting

$13,659

KAUFF MCGUIRE & MARGOLIS LLP9+ years

Service code 29 · EIN 13-3573855

Legal

$8,645

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