Retirement plan

ELEVATOR CONSTRUCTORS LOCAL 1 ANNUITY & 401K FD UNION LOCAL NO. 1 ANNUITY & 401K FUND

Name: BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401K F - ELEVATOR CONSTRUCTORS LOCAL 1 ANNUITY & 401K FD UNION LOCAL NO. 1 ANNUITY & 401K FUND (2015) 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 LOCAL 1 ANNUITY & 401K FD UNION LOCAL NO. 1 ANNUITY & 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 2015

140 SYLVAN AVENUE, SUITE 303 - ENGLEWOOD CLIFFS, NJ 076322514201-592-6800

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$853M

-8.7% from 2016

Total participants

3,327

-3.3% from 2016

Average account balance

$251,617

-8.3% from 2016

Annual return

0.88%

-5.27 pp from 2016

Benchmarks

See 297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort297 peers

Snapshot2015

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 21 by compensation

Provider	Service type	Compensation
ABERDEEN ASSET MANAGEMENT, INC.1+ years Filed as: ABERDEEN ASSET MANAGEMENT Service code 28 · EIN 51-0368279	Investment Management	$266,634
SOUTHERN SUN ASSET MANAGEMENT1+ years Service code 28 · EIN 27-2990431	Investment Management	$244,789
NUVEEN1+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 51 901 MARQUETTE AVENUE, 29TH FLOOR · MINNEAPOLIS, MN 55402	Investment Mgmt Fees	$206,529
WHITE OAK GLOBAL ADVISORS, LLC1+ years Service code 28 3 EMBARCADERO CENTER, SUITE 550 · SAN FRANCISCO, CA 94111	Investment Management	$204,027
COLUMBUS CIRCLE INVESTORS1+ years Service code 51 · EIN 06-1401803	Investment Mgmt Fees	$167,677
MORGAN STANLEY SMITH BARNEY1+ years Filed as: GRAYSTONE CONSULTING Service code 16 800 EAST 96TH STREET, SUITE 400 · INDIANAPOLIS, IN 46240	Consulting	$125,000
DANIEL A. WINTERS & COMPANY, CPAS1+ years Service code 10 · EIN 23-2586736	Accounting	$111,797
LSV ASSET MANAGEMENT1+ years Filed as: HGK ASSET MANAGEMENT INC. Service code 51 · EIN 52-1296988	Investment Mgmt Fees	$110,015
SEYFARTH SHAW LLP1+ years Service code 29 · EIN 36-2152202	Legal	$102,645
FOUNDRY PARTNERS1+ years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$89,168

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$3.3M

$1243 / participant

Investment mgmt$2M74.9%
Contract admin$408K12.3%
Other / not subdivided$422K12.8%

% of EOY assets

0.388%

all-in expense ratio

Categories reported

2 / 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, CPAS
Auditor EIN: 232586736
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$251,617

$55,516+353.2%

$75,784+232.0%

$59,188+325.1%

Participation rate

100.0%

73.6%+26.4pp

75.8%+24.2pp

69.4%+30.6pp

Annual return

0.88%

-1.89%+2.8pp

9.68%-8.8pp

5.51%-4.6pp

Employer contribution / active EE

$14,996

$2,604+476.0%

$3,323+351.2%

$2,098+614.8%

Participant deferral / active EE

$4,258

$2,599+63.8%

$3,652+16.6%

$3,265+30.4%

Admin fee / account holder

$975

$110+786.7%

$5,300-81.6%

$92+957.7%

Provider

Service type

Compensation

ABERDEEN ASSET MANAGEMENT, INC.1+ years

Filed as: ABERDEEN ASSET MANAGEMENT

Service code 28 · EIN 51-0368279

Investment Management

$266,634

SOUTHERN SUN ASSET MANAGEMENT1+ years

Service code 28 · EIN 27-2990431

Investment Management

$244,789

NUVEEN1+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 51

901 MARQUETTE AVENUE, 29TH FLOOR · MINNEAPOLIS, MN 55402

Investment Mgmt Fees

$206,529

WHITE OAK GLOBAL ADVISORS, LLC1+ years

Service code 28

3 EMBARCADERO CENTER, SUITE 550 · SAN FRANCISCO, CA 94111

Investment Management

$204,027

COLUMBUS CIRCLE INVESTORS1+ years

Service code 51 · EIN 06-1401803

Investment Mgmt Fees

$167,677

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: GRAYSTONE CONSULTING

Service code 16

800 EAST 96TH STREET, SUITE 400 · INDIANAPOLIS, IN 46240

Consulting

$125,000

DANIEL A. WINTERS & COMPANY, CPAS1+ years

Service code 10 · EIN 23-2586736

Accounting

$111,797

LSV ASSET MANAGEMENT1+ years

Filed as: HGK ASSET MANAGEMENT INC.

Service code 51 · EIN 52-1296988

Investment Mgmt Fees

$110,015

SEYFARTH SHAW LLP1+ years

Service code 29 · EIN 36-2152202

Legal

$102,645

FOUNDRY PARTNERS1+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$89,168

ELEVATOR CONSTRUCTORS LOCAL 1 ANNUITY & 401K FD UNION LOCAL NO. 1 ANNUITY & 401K FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELEVATOR CONSTRUCTORS LOCAL 1 ANNUITY & 401K FD UNION LOCAL NO. 1 ANNUITY & 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