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 (2021) 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 2021

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)

$1532.6M

+11.7% from 2020

Total participants

4,365

+4.9% from 2020

Average account balance

$368,765

+6.7% from 2020

Annual return

9.97%

-0.80 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 PARTNERS7+ years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$524,422
ZENITH FINANCIAL SOLUTIONS5 years Service code 13 · EIN 83-0798660	Contract Administrator	$487,026
NUVEEN7+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 51 · EIN 27-4357327	Investment Mgmt Fees	$311,147
BMO HARRIS BANK NA5 years Filed as: BMO GLOBAL ASSET MANAGEMENT Service code 28 · EIN 36-3673844	Investment Management	$285,750
GREAT LAKES ADVISORS, LLC4 years Service code 51 · EIN 80-0292839	Investment Mgmt Fees	$236,638
DANIEL A. WINTERS & COMPANY, CPAS7+ years Service code 10 · EIN 23-2586736	Accounting	$213,153
NATIONAL INVESTMENT SERVICES5 years Filed as: NATIONAL INVESTMENT SERVICES INC Service code 28 · EIN 80-0169636	Investment Management	$201,171
CAMBIAR INVESTORS LLC7+ years Filed as: CAMBIAR INVESTORS Service code 28 · EIN 84-1596610	Investment Management	$178,530
THE SEGAL COMPANY6 years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 22 · EIN 46-0619194	Insurance Broker	$160,262
SEYFARTH SHAW LLP7+ years Service code 29 · EIN 36-2152202	Legal	$131,912

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

$5.0M

$1534 / participant

Investment mgmt$4M74.7%
Contract admin$487K9.7%
Other / not subdivided$781K15.6%

% of EOY assets

0.327%

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

$368,765

$88,770+315.4%

$109,173+237.8%

$93,010+296.5%

Participation rate

93.6%

81.5%+12.1pp

75.9%+17.7pp

73.9%+19.7pp

Annual return

9.97%

60.64%-50.7pp

25.75%-15.8pp

158.70%-148.7pp

Employer contribution / active EE

$18,330

$3,780+385.0%

$3,723+392.4%

$2,705+577.6%

Participant deferral / active EE

$6,490

$3,630+78.8%

$4,654+39.4%

$4,561+42.3%

Admin fee / account holder

$1,208

$172+600.9%

$6,755-82.1%

$152+696.3%

Provider

Service type

Compensation

FOUNDRY PARTNERS7+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$524,422

ZENITH FINANCIAL SOLUTIONS5 years

Service code 13 · EIN 83-0798660

Contract Administrator

$487,026

NUVEEN7+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 51 · EIN 27-4357327

Investment Mgmt Fees

$311,147

BMO HARRIS BANK NA5 years

Filed as: BMO GLOBAL ASSET MANAGEMENT

Service code 28 · EIN 36-3673844

Investment Management

$285,750

GREAT LAKES ADVISORS, LLC4 years

Service code 51 · EIN 80-0292839

Investment Mgmt Fees

$236,638

DANIEL A. WINTERS & COMPANY, CPAS7+ years

Service code 10 · EIN 23-2586736

Accounting

$213,153

NATIONAL INVESTMENT SERVICES5 years

Filed as: NATIONAL INVESTMENT SERVICES INC

Service code 28 · EIN 80-0169636

Investment Management

$201,171

CAMBIAR INVESTORS LLC7+ years

Filed as: CAMBIAR INVESTORS

Service code 28 · EIN 84-1596610

Investment Management

$178,530

THE SEGAL COMPANY6 years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 22 · EIN 46-0619194

Insurance Broker

$160,262

SEYFARTH SHAW LLP7+ years

Service code 29 · EIN 36-2152202

Legal

$131,912

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