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 (2017) 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 2017

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

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1036.9M

-8.7% from 2016

Total participants

3,705

-3.3% from 2016

Average account balance

$295,147

-8.3% from 2016

Annual return

8.28%

-5.27 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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
ZENITH FINANCIAL SOLUTIONS1 year Service code 13 140 SYLVAN AVENUE SUITE 303 · ENGLEWOOD CLIFFS, NJ 076322514	Contract Administrator	$427,989
NUVEEN3+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 51 901 MARQUETTE AVENUE, 29TH FLOOR · MINNEAPOLIS, MN 55402	Investment Mgmt Fees	$259,865
VIRGINIA & AMBINDER, LLP2 years Filed as: VIRGINIA & AMBINDER LLP Service code 29 · EIN 13-4166736	Legal	$255,978
WHITE OAK GLOBAL ADVISORS, LLC3+ years Service code 28 · EIN 26-0340395	Investment Management	$255,425
SOUTHERN SUN ASSET MANAGEMENT3+ years Service code 28 · EIN 27-2990431	Investment Management	$244,507
FOUNDRY PARTNERS3+ years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$239,465
DANIEL A. WINTERS & COMPANY, CPAS3+ years Service code 10 · EIN 23-2586736	Accounting	$171,668
SEYFARTH SHAW LLP3+ years Service code 29 · EIN 36-2152202	Legal	$161,985
ABERDEEN ASSET MANAGEMENT, INC.3+ years Filed as: ABERDEEN ASSET MANAGEMENT Service code 28 · EIN 51-0368279	Investment Management	$129,776
MORGAN STANLEY SMITH BARNEY3+ years Filed as: GRAYSTONE CONSULTING Service code 27 800 EAST 96TH STREET, SUITE 400 · INDIANAPOLIS, IN 46240	Advisory (Plan)	$125,000

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

$4.0M

$1420 / participant

Investment mgmt$3M70.1%
Contract admin$428K10.6%
Other / not subdivided$774K19.3%

% 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

$295,147

$221,442+33.3%

$92,240+220.0%

$77,958+278.6%

Participation rate

93.2%

79.6%+13.6pp

76.5%+16.7pp

71.6%+21.6pp

Annual return

8.28%

15.65%-7.4pp

176.29%-168.0pp

20.87%-12.6pp

Employer contribution / active EE

$15,850

$3,226+391.3%

$3,680+330.7%

$2,310+586.0%

Participant deferral / active EE

$4,944

$2,779+77.9%

$3,897+26.9%

$3,537+39.8%

Admin fee / account holder

$1,145

$210+445.8%

$5,194-78.0%

$97+1075.2%

Provider

Service type

Compensation

ZENITH FINANCIAL SOLUTIONS1 year

Service code 13

140 SYLVAN AVENUE SUITE 303 · ENGLEWOOD CLIFFS, NJ 076322514

Contract Administrator

$427,989

NUVEEN3+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 51

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

Investment Mgmt Fees

$259,865

VIRGINIA & AMBINDER, LLP2 years

Filed as: VIRGINIA & AMBINDER LLP

Service code 29 · EIN 13-4166736

Legal

$255,978

WHITE OAK GLOBAL ADVISORS, LLC3+ years

Service code 28 · EIN 26-0340395

Investment Management

$255,425

SOUTHERN SUN ASSET MANAGEMENT3+ years

Service code 28 · EIN 27-2990431

Investment Management

$244,507

FOUNDRY PARTNERS3+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$239,465

DANIEL A. WINTERS & COMPANY, CPAS3+ years

Service code 10 · EIN 23-2586736

Accounting

$171,668

SEYFARTH SHAW LLP3+ years

Service code 29 · EIN 36-2152202

Legal

$161,985

ABERDEEN ASSET MANAGEMENT, INC.3+ years

Filed as: ABERDEEN ASSET MANAGEMENT

Service code 28 · EIN 51-0368279

Investment Management

$129,776

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: GRAYSTONE CONSULTING

Service code 27

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

Advisory (Plan)

$125,000

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