Retirement plan

ELEVATOR CONSTRUCTORS UNION LOCAL 1 ANNUITY AND 401K FUND

Name: BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401K F - ELEVATOR CONSTRUCTORS UNION LOCAL 1 ANNUITY AND 401K FUND (2024) Form 5500
Creator: BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401K F
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELEVATOR CONSTRUCTORS UNION LOCAL 1 ANNUITY AND 401K FUND, BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401K F

BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401K FEIN 51-6124191Plan #001PY 2024

140 SYLVAN AVENUE, SUITE 106 - ENGLEWOOD CLIFFS, NJ 076322514201-592-6800

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1706M

-8.7% from 2016

Total participants

4,276

-3.3% from 2016

Average account balance

$412,089

-8.3% from 2016

Annual return

9.48%

-5.27 pp from 2016

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71B

Not enough data

1 years with asset history on file

Average account balance

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

$412K

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.

4,140

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+9.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1159

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 23 by compensation

Provider	Service type	Compensation
FOUNDRY PARTNERS10+ years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$606,461
ZENITH FINANCIAL SOLUTIONS8 years Service code 13 · EIN 83-0798660	Contract Administrator	$591,397
COLUMBIA4 years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 51 · EIN 41-1533211	Investment Mgmt Fees	$375,201
NATIONAL INVESTMENT SERVICES8 years Filed as: NATIONAL INVESTMENT SERVICES INC Service code 28 · EIN 80-0169636	Investment Management	$274,417
SAGE ADVISORY SERVICES8 years Filed as: SAGE ADVISORY SERVICES, LTD. CO. Service code 28 · EIN 74-2798841	Investment Management	$271,565
NUVEEN10+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 51 · EIN 27-4357327	Investment Mgmt Fees	$225,326
DANIEL A. WINTERS & COMPANY, CPAS10+ years Service code 10 · EIN 23-2586736	Accounting	$221,129
WHITE OAK GLOBAL ADVISORS, LLC10+ years Service code 28 · EIN 26-0340395	Investment Management	$176,566
THE SEGAL COMPANY9 years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 22 · EIN 46-0619194	Insurance Broker	$165,008
SEYFARTH SHAW LLP10+ years Service code 29 · EIN 36-2152202	Legal	$157,753

Plan features & details

Pension benefit codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.

Opportunity flags

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$4.8M

$1580 / participant

Investment mgmt$3M72.7%
Legal$221K4.6%
Contract admin$591K12.3%
Other / not subdivided$498K10.4%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DANIEL A. WINTERS & COMPANY
Auditor EIN: 232586736
Audit fees: $221,129
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$412,089

$241,850+70.4%

$102,437+302.3%

$200,096+105.9%

Participation rate

95.5%

78.3%+17.2pp

74.5%+21.0pp

72.0%+23.5pp

Annual return

9.48%

17.67%-8.2pp

24.95%-15.5pp

34.26%-24.8pp

Employer contribution / active EE

$23,450

$4,253+451.4%

$3,871+505.8%

$3,038+672.0%

Participant deferral / active EE

$8,532

$3,961+115.4%

$5,060+68.6%

$5,090+67.6%

Admin fee / account holder

$1,159

$288+302.5%

$8,388-86.2%

$269+330.5%

Provider

Service type

Compensation

FOUNDRY PARTNERS10+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$606,461

ZENITH FINANCIAL SOLUTIONS8 years

Service code 13 · EIN 83-0798660

Contract Administrator

$591,397

COLUMBIA4 years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 51 · EIN 41-1533211

Investment Mgmt Fees

$375,201

NATIONAL INVESTMENT SERVICES8 years

Filed as: NATIONAL INVESTMENT SERVICES INC

Service code 28 · EIN 80-0169636

Investment Management

$274,417

SAGE ADVISORY SERVICES8 years

Filed as: SAGE ADVISORY SERVICES, LTD. CO.

Service code 28 · EIN 74-2798841

Investment Management

$271,565

NUVEEN10+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 51 · EIN 27-4357327

Investment Mgmt Fees

$225,326

DANIEL A. WINTERS & COMPANY, CPAS10+ years

Service code 10 · EIN 23-2586736

Accounting

$221,129

WHITE OAK GLOBAL ADVISORS, LLC10+ years

Service code 28 · EIN 26-0340395

Investment Management

$176,566

THE SEGAL COMPANY9 years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 22 · EIN 46-0619194

Insurance Broker

$165,008

SEYFARTH SHAW LLP10+ years

Service code 29 · EIN 36-2152202

Legal

$157,753

ELEVATOR CONSTRUCTORS UNION LOCAL 1 ANNUITY AND 401K FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELEVATOR CONSTRUCTORS UNION LOCAL 1 ANNUITY AND 401K FUND

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