Retirement plan

SO. CA, AZ, CO, & SO. NEVADA GLAZIERS, ARCHITECTURAL METAL & GLASS WORKERS PENSION PLAN

Name: BOARD OF TRUSTEES, SOUTHERN CALIFORNIA, ARIZONA, COLORADO, AND - SO. CA, AZ, CO, & SO. NEVADA GLAZIERS, ARCHITECTURAL METAL & GLASS WORKERS PENSION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES, SOUTHERN CALIFORNIA, ARIZONA, COLORADO, AND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SO. CA, AZ, CO, & SO. NEVADA GLAZIERS, ARCHITECTURAL METAL & GLASS WORKERS PENSION PLAN, BOARD OF TRUSTEES, SOUTHERN CALIFORNIA, ARIZONA, COLORADO, AND

BOARD OF TRUSTEES, SOUTHERN CALIFORNIA, ARIZONA, COLORADO, ANDdba SO. NEVADA GLAZIERS, ARCHITECTURALEIN 51-6030005Plan #001PY 2023

1055 PARK VIEW DR STE 111 - COVINA, CA 91724626-279-3054

Prospect flagsHigh retiree %High cashLow participationLow employer contribution

How to read this page

Total assets (EOY)

$358.3M

+20.6% from 2016

Total participants

3,142

+1.4% from 2016

Average account balance

No prior year

Annual return

15357.15%

+29.00 pp from 2016

Benchmarks

See 113 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants100-249

Cohort113 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$321.21M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

3,001

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

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

-4.30%

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 7 by compensation

Provider	Service type	Compensation
HORIZON ACTUARIAL SERVICES, LLC9+ years Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$676,310
PACIFIC SOUTHWEST ADMINISTRATORS9+ years Service code 12 · EIN 46-4942970	Contract Administrator; Copying and d...	$330,094
SEYFARTH SHAW LLP9+ years Filed as: SEYFARTH, SHAW, LLP Service code 29 · EIN 36-2152202	Legal	$101,965
VERUS1 year Filed as: VERUS ADVISORY, INC Service code 27 · EIN 91-1320111	Advisory (Plan)	$80,000
MILLER KAPLAN ARASE LLP9+ years Service code 10 · EIN 95-2036255	Accounting	$24,995
ULLICO5 years Filed as: UNION BANK Service code 21 · EIN 95-1314170	Bank Trustee	$22,941
WOHLNER KAPLON CUTLER HALFORD & ROS6 years Filed as: WOHLNER, KAPLON, CUTLER, ET AL Service code 29 · EIN 95-4177931	Legal	$18,139

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1I

Plan features

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$1.5M

$11036 / participant

Recordkeeping$4K0.2%
Trustee / custodial$23K1.5%
Investment mgmt$92K6.2%
Legal$120K8.1%
Actuarial$676K45.4%
Contract admin$330K22.2%
Other / not subdivided$245K16.4%

% of EOY assets

0.416%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $24,995
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,556,684-100.0%

$473,625-100.0%

$9,556,684-100.0%

Participation rate

0.0%

0.0%0pp

37.3%-37.3pp

2.4%-2.4pp

Annual return

15357.15%

146.80%+15210.4pp

20.18%+15337.0pp

22.81%+15334.3pp

Employer contribution / active EE

$1,583

$13,016-87.8%

$29,108-94.6%

$18,290-91.3%

Participant deferral / active EE

$6-100.0%

$603-100.0%

Admin fee / account holder

$85,222-100.0%

$2,262-100.0%

$85,222-100.0%

Provider

Service type

Compensation

HORIZON ACTUARIAL SERVICES, LLC9+ years

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$676,310

PACIFIC SOUTHWEST ADMINISTRATORS9+ years

Service code 12 · EIN 46-4942970

Contract Administrator; Copying and d...

$330,094

SEYFARTH SHAW LLP9+ years

Filed as: SEYFARTH, SHAW, LLP

Service code 29 · EIN 36-2152202

Legal

$101,965

VERUS1 year

Filed as: VERUS ADVISORY, INC

Service code 27 · EIN 91-1320111

Advisory (Plan)

$80,000

MILLER KAPLAN ARASE LLP9+ years

Service code 10 · EIN 95-2036255

Accounting

$24,995

ULLICO5 years

Filed as: UNION BANK

Service code 21 · EIN 95-1314170

Bank Trustee

$22,941

WOHLNER KAPLON CUTLER HALFORD & ROS6 years

Filed as: WOHLNER, KAPLON, CUTLER, ET AL

Service code 29 · EIN 95-4177931

Legal

$18,139

SO. CA, AZ, CO, & SO. NEVADA GLAZIERS, ARCHITECTURAL METAL & GLASS WORKERS PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SO. CA, AZ, CO, & SO. NEVADA GLAZIERS, ARCHITECTURAL METAL & GLASS WORKERS PENSION PLAN

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