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 (2020) 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 2020

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)

$1372.2M

-8.7% from 2016

Total participants

4,163

-3.3% from 2016

Average account balance

$345,742

-8.3% from 2016

Annual return

10.77%

-5.27 pp from 2016

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 22 by compensation

Provider	Service type	Compensation
ZENITH FINANCIAL SOLUTIONS4 years Service code 13 · EIN 83-0798660	Contract Administrator	$549,059
FOUNDRY PARTNERS6+ years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$375,662
NUVEEN6+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 51 · EIN 27-4357327	Investment Mgmt Fees	$313,773
DANIEL A. WINTERS & COMPANY, CPAS6+ years Service code 10 · EIN 23-2586736	Accounting	$216,061
GREAT LAKES ADVISORS, LLC3 years Service code 51 · EIN 80-0292839	Investment Mgmt Fees	$212,300
NATIONAL INVESTMENT SERVICES4 years Filed as: NATIONAL INVESTMENT SERVICES INC Service code 28 · EIN 80-0169636	Investment Management	$197,713
BMO HARRIS BANK NA4 years Filed as: BMO GLOBAL ASSET MANAGEMENT Service code 28 · EIN 36-3673844	Investment Management	$192,572
WHITE OAK GLOBAL ADVISORS, LLC6+ years Service code 28 · EIN 26-0340395	Investment Management	$181,458
THE BANK OF NEW YORK MELLON6+ years Filed as: BANK OF NEW YORK-MELLON Service code 21 · EIN 13-5160382	Bank Trustee	$146,163
THE SEGAL COMPANY5 years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 22 · EIN 46-0619194	Insurance Broker	$144,805

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

$4.4M

$1397 / participant

Investment mgmt$3M72.3%
Contract admin$549K12.5%
Other / not subdivided$669K15.2%

% of EOY assets

0.321%

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: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$345,742

$81,719+323.1%

$101,275+241.4%

$90,274+283.0%

Participation rate

93.8%

80.7%+13.1pp

75.8%+18.0pp

73.4%+20.5pp

Annual return

10.77%

337.64%-326.9pp

46.46%-35.7pp

53.97%-43.2pp

Employer contribution / active EE

$17,924

$3,622+394.8%

$3,660+389.7%

$2,523+610.3%

Participant deferral / active EE

$5,952

$3,310+79.8%

$4,370+36.2%

$4,231+40.7%

Admin fee / account holder

$1,109

$162+585.0%

$5,948-81.4%

$114+872.3%

Provider

Service type

Compensation

ZENITH FINANCIAL SOLUTIONS4 years

Service code 13 · EIN 83-0798660

Contract Administrator

$549,059

FOUNDRY PARTNERS6+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$375,662

NUVEEN6+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 51 · EIN 27-4357327

Investment Mgmt Fees

$313,773

DANIEL A. WINTERS & COMPANY, CPAS6+ years

Service code 10 · EIN 23-2586736

Accounting

$216,061

GREAT LAKES ADVISORS, LLC3 years

Service code 51 · EIN 80-0292839

Investment Mgmt Fees

$212,300

NATIONAL INVESTMENT SERVICES4 years

Filed as: NATIONAL INVESTMENT SERVICES INC

Service code 28 · EIN 80-0169636

Investment Management

$197,713

BMO HARRIS BANK NA4 years

Filed as: BMO GLOBAL ASSET MANAGEMENT

Service code 28 · EIN 36-3673844

Investment Management

$192,572

WHITE OAK GLOBAL ADVISORS, LLC6+ years

Service code 28 · EIN 26-0340395

Investment Management

$181,458

THE BANK OF NEW YORK MELLON6+ years

Filed as: BANK OF NEW YORK-MELLON

Service code 21 · EIN 13-5160382

Bank Trustee

$146,163

THE SEGAL COMPANY5 years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 22 · EIN 46-0619194

Insurance Broker

$144,805

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