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 (2017) 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 2017

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

Prospect flagsHigh retiree %High cashWind-down / frozen

How to read this page

Total assets (EOY)

$156K

-7.5% from 2015

Total participants

172

-7.5% from 2015

Average account balance

No prior year

Annual return

240.96%

-444.86 pp from 2015

Benchmarks

See 152 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Cohort152 peers

Snapshot2017

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C

Plan features

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

Opportunity flags

3 tripped

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.
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

$114K

Other / not subdivided$114K100.0%

% of EOY assets

72.564%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: MSPC CPAS AND ADVISORS,P.C.
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,070-100.0%

$86,582-100.0%

Participation rate

0.0%

69.8%-69.8pp

73.5%-73.5pp

Annual return

240.96%

13.68%+227.3pp

965.08%-724.1pp

Employer contribution / active EE

$2,009-100.0%

$2,839-100.0%

Participant deferral / active EE

$3,009-100.0%

$3,609-100.0%

Admin fee / account holder

$2,785-100.0%

$4,904-100.0%

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