Retirement plan

AMERICAN FEDERATION OF MUSICIANS AND EMPLOYERS' PENSION FUND AND SUBSIDIARY

Name: BOARD OF TRUSTEES OF THE AMERICAN FEDERATION OF MUSICIANS AND EMPLOYE - AMERICAN FEDERATION OF MUSICIANS AND EMPLOYERS' PENSION FUND AND SUBSIDIARY (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE AMERICAN FEDERATION OF MUSICIANS AND EMPLOYE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN FEDERATION OF MUSICIANS AND EMPLOYERS' PENSION FUND AND SUBSIDIARY, BOARD OF TRUSTEES OF THE AMERICAN FEDERATION OF MUSICIANS AND EMPLOYE

BOARD OF TRUSTEES OF THE AMERICAN FEDERATION OF MUSICIANS AND EMPLOYEEIN 51-6120204Plan #001PY 2024

14 PENN PLAZA, 12TH FLOOR - NEW YORK, NY 10122212-284-1242

Other plans on this EIN

1 filing

#002Retirement-$12.2M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$3172.6M

-5.6% from 2017

Total participants

52,611

+0.4% from 2017

Average account balance

No prior year

Annual return

90.05%

-13.49 pp from 2017

Benchmarks

See 185 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants>=10,000

Cohort185 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.17B

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

33,098

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

$81.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+90.05%

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 10 of 50 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE ASSOCIATES LLC Service code 27 · EIN 04-3515240	Advisory (Plan)	$2,233,417
ANTHEM BLUE CROSS AND BLUE SHIELD1 year Service code 22 · EIN 23-7391136	Insurance Broker	$1,299,752
MILLIMAN, INC.2 years Filed as: MILLIMAN INC Service code 11 · EIN 91-0675641	Actuarial	$877,966
HAMILTON LANE ADVISORS, LLC9+ years Service code 28 · EIN 23-2962336	Investment Management	$800,000
THE BANK OF NEW YORK MELLON2 years Service code 19 · EIN 13-5160382	Securities Custodian	$732,635
PROSKAUER ROSE LLP9+ years Service code 29 · EIN 13-1840454	Legal	$626,316
THE CHILDRENS INVESTMENT FUND5 years Service code 28	Investment Management	$564,009
VIKING GLOBAL INVESTORS LP4 years Service code 28 · EIN 13-4055118	Investment Management	$544,267
JUNTO OFFSHORE FUND LTD.4 years Filed as: JUNTO OFFSHORE FUND LTD Service code 28 450 PARK AVENUE · NEW YORK, NY 10022	Investment Management	$533,482
EMPLOYEE FIDUCIARY, LLC2 years Filed as: EMPLOYEE 1 Service code 30 · EIN 13-1895132	Employee (plan); Direct payment from ...	$525,624

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

1 tripped

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

$28.9M

$1483 / participant

Trustee / custodial$79K0.3%
Investment mgmt$12M41.0%
Legal$975K3.4%
Actuarial$771K2.7%
Salaries / allowances$8M27.0%
Other trustee fees$248K0.9%
Other / not subdivided$7M24.8%

% of EOY assets

0.912%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $370,272
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,677-100.0%

Participation rate

0.0%

0.0%0pp

28.6%-28.6pp

0.0%0pp

Annual return

90.05%

8.85%+81.2pp

8.41%+81.6pp

8.85%+81.2pp

Employer contribution / active EE

$4,173

$8,529-51.1%

$41,333-89.9%

$8,529-51.1%

Participant deferral / active EE

$399-100.0%

$40-100.0%

$399-100.0%

Admin fee / account holder

$3,303-100.0%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE ASSOCIATES LLC

Service code 27 · EIN 04-3515240

Advisory (Plan)

$2,233,417

ANTHEM BLUE CROSS AND BLUE SHIELD1 year

Service code 22 · EIN 23-7391136

Insurance Broker

$1,299,752

MILLIMAN, INC.2 years

Filed as: MILLIMAN INC

Service code 11 · EIN 91-0675641

Actuarial

$877,966

HAMILTON LANE ADVISORS, LLC9+ years

Service code 28 · EIN 23-2962336

Investment Management

$800,000

THE BANK OF NEW YORK MELLON2 years

Service code 19 · EIN 13-5160382

Securities Custodian

$732,635

PROSKAUER ROSE LLP9+ years

Service code 29 · EIN 13-1840454

Legal

$626,316

THE CHILDRENS INVESTMENT FUND5 years

Service code 28

Investment Management

$564,009

VIKING GLOBAL INVESTORS LP4 years

Service code 28 · EIN 13-4055118

Investment Management

$544,267

JUNTO OFFSHORE FUND LTD.4 years

Filed as: JUNTO OFFSHORE FUND LTD

Service code 28

450 PARK AVENUE · NEW YORK, NY 10022

Investment Management

$533,482

EMPLOYEE FIDUCIARY, LLC2 years

Filed as: EMPLOYEE 1

Service code 30 · EIN 13-1895132

Employee (plan); Direct payment from ...

$525,624

AMERICAN FEDERATION OF MUSICIANS AND EMPLOYERS' PENSION FUND AND SUBSIDIARY

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN FEDERATION OF MUSICIANS AND EMPLOYERS' PENSION FUND AND SUBSIDIARY

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