Retirement plan

LOCAL 976 ILA PENSION FUND 601 WEST 51ST STREET 2ND FLOOR NEW YORK NY 10019

Name: LOCAL 976 - I. L. A. PENSION FUND - LOCAL 976 ILA PENSION FUND 601 WEST 51ST STREET 2ND FLOOR NEW YORK NY 10019 (2015) Form 5500
Creator: LOCAL 976 - I. L. A. PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 976 ILA PENSION FUND 601 WEST 51ST STREET 2ND FLOOR NEW YORK NY 10019, LOCAL 976 - I. L. A. PENSION FUND

LOCAL 976 - I. L. A. PENSION FUNDEIN 51-6044678Plan #001PY 2015

601 WEST 51ST STREET, 2ND FLOOR - NEW YORK, NY 10019212-977-4615

Prospect flagsHigh cashWind-down / frozen

How to read this page

Total assets (EOY)

$169K

No prior year

Total participants

186

No prior year

Average account balance

No prior year

Annual return

685.82%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$159K

Not enough data

1 years with asset history on file

Average account balance

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

$1K

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.

132

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+192.74%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
DAVID FALDA, CPA1+ years Filed as: DAVID A FALDA, CPA Service code 10 · EIN 13-3279763 118-21 QUEENS BLVD · FOREST HILLS, NY 11375	Accounting	$34,500
MICHAEL NEGRI, ESQ1+ years Service code 29 · EIN 27-3025793 3 EBERLING DRIVE · NEW CITY, NY 10956	Legal	$17,000
GREER BENEFIT CONSULTANTS1+ years Service code 11 · EIN 06-1227790 116 NEW LONDON TPKE · GLASTONBURY, CT 06033	Actuarial	$5,775

Plan features & details

Pension benefit codes2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$128K

$1186 / participant

Other / not subdivided$128K100.0%

% of EOY assets

75.762%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVID A. FALDA, CPA
Auditor EIN: 133279763
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,854-100.0%

$73,835-100.0%

$52,331-100.0%

Participation rate

0.0%

66.2%-66.2pp

73.4%-73.4pp

68.1%-68.1pp

Annual return

685.82%

2.11%+683.7pp

2268.13%-1582.3pp

4.54%+681.3pp

Employer contribution / active EE

$1,920-100.0%

$2,788-100.0%

$1,882-100.0%

Participant deferral / active EE

$2,498-100.0%

$3,583-100.0%

$3,022-100.0%

Admin fee / account holder

$493-100.0%

$4,880-100.0%

$592-100.0%

Provider

Service type

Compensation

DAVID FALDA, CPA1+ years

Filed as: DAVID A FALDA, CPA

Service code 10 · EIN 13-3279763

118-21 QUEENS BLVD · FOREST HILLS, NY 11375

Accounting

$34,500

MICHAEL NEGRI, ESQ1+ years

Service code 29 · EIN 27-3025793

3 EBERLING DRIVE · NEW CITY, NY 10956

Legal

$17,000

GREER BENEFIT CONSULTANTS1+ years

Service code 11 · EIN 06-1227790

116 NEW LONDON TPKE · GLASTONBURY, CT 06033

Actuarial

$5,775

LOCAL 976 ILA PENSION FUND 601 WEST 51ST STREET 2ND FLOOR NEW YORK NY 10019

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 976 ILA PENSION FUND 601 WEST 51ST STREET 2ND FLOOR NEW YORK NY 10019

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