Retirement plan

COMPOSITION ROOFERS INDUSTRY LOCAL NO. 10 PENSION PLAN

Name: COMPOSITION ROOFERS INDUSTRY LOCAL - COMPOSITION ROOFERS INDUSTRY LOCAL NO. 10 PENSION PLAN (2019) Form 5500
Creator: COMPOSITION ROOFERS INDUSTRY LOCAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMPOSITION ROOFERS INDUSTRY LOCAL NO. 10 PENSION PLAN, COMPOSITION ROOFERS INDUSTRY LOCAL

COMPOSITION ROOFERS INDUSTRY LOCALEIN 51-6117609Plan #001PY 2019

321 MASON AVENUE - HALEDON, NJ 075081427973-595-5562

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14M

-6.1% from 2018

Total participants

160

-3.0% from 2018

Average account balance

$87,602

-3.2% from 2018

Annual return

1.40%

-2.86 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.97M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

165

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.

83.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+5.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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 10 of 14 by compensation

Provider	Service type	Compensation
BASIL CASTROVINCI ASSOCIATES INC1 year Service code 13 · EIN 13-2831500 36 HOPATCHUNG ROAD · HOPATCONG, NJ 07843	Contract Administrator	$37,650
ROOFERS LOCAL 104+ years Service code 14 · EIN 22-1446060	Plan Administrator	$18,926
ORANSKY SCARAGGI & BORG P.C.4+ years Filed as: ANDREW BORG ESQ. Service code 29 · EIN 22-2221479	Legal	$17,202
BRUNO, DIBELLO & CO., LLC4+ years Service code 10 · EIN 22-2414251	Accounting	$16,185
STONECREST CAPITAL MARKETS INC3 years Filed as: STONECREST CAPITAL MARKETS INC 56-1 Service code 53	Insurance Commissions	$7,344
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$115
AMERICAN CENTURY2 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
EATON VANCE2 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
HARRIS2 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$116K

$769 / participant

Other / not subdivided$116K100.0%

% of EOY assets

0.829%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRUNO, DIBELLO & CO, LLC
Auditor EIN: 222414251
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,602

$63,114+38.8%

$92,909-5.7%

$65,185+34.4%

Participation rate

100.0%

68.8%+31.2pp

76.0%+24.0pp

70.2%+29.8pp

Annual return

1.40%

28.75%-27.4pp

109.44%-108.0pp

29.38%-28.0pp

Employer contribution / active EE

$7,700

$2,571+199.6%

$3,653+110.8%

$2,177+253.8%

Participant deferral / active EE

$3,108-100.0%

$4,238-100.0%

$3,514-100.0%

Admin fee / account holder

$726

$624+16.5%

$5,795-87.5%

$847-14.3%

Provider

Service type

Compensation

BASIL CASTROVINCI ASSOCIATES INC1 year

Service code 13 · EIN 13-2831500

36 HOPATCHUNG ROAD · HOPATCONG, NJ 07843

Contract Administrator

$37,650

ROOFERS LOCAL 104+ years

Service code 14 · EIN 22-1446060

Plan Administrator

$18,926

ORANSKY SCARAGGI & BORG P.C.4+ years

Filed as: ANDREW BORG ESQ.

Service code 29 · EIN 22-2221479

Legal

$17,202

BRUNO, DIBELLO & CO., LLC4+ years

Service code 10 · EIN 22-2414251

Accounting

$16,185

STONECREST CAPITAL MARKETS INC3 years

Filed as: STONECREST CAPITAL MARKETS INC 56-1

Service code 53

Insurance Commissions

$7,344

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$115

AMERICAN CENTURY2 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

EATON VANCE2 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-2573775

Indirect Investment Fees

HARRIS2 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

COMPOSITION ROOFERS INDUSTRY LOCAL NO. 10 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMPOSITION ROOFERS INDUSTRY LOCAL NO. 10 PENSION PLAN

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