Retirement plan

BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND

Name: BOARD OF TRUSTEES-BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND - BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND (2023) Form 5500
Creator: BOARD OF TRUSTEES-BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND, BOARD OF TRUSTEES-BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND

BOARD OF TRUSTEES-BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUNDEIN 51-6129775Plan #001PY 2023

1400 OLD COUNTRY RD SUITE 406 - WESTBURY, NY 11590516-333-5184

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$52.8M

+13.3% from 2022

Total participants

722

-3.1% from 2022

Average account balance

$73,184

+16.9% from 2022

Annual return

11.61%

+24.18 pp from 2022

Benchmarks

See 1,521 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,521 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.02M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

723

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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)

$226

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 12 by compensation

Provider	Service type	Compensation
MARSHALL & MOSS PAYROLL COMPLIANCE3 years Filed as: MARSHALL & MOSS ADMIN SERVICES, INC Service code 13 · EIN 81-2845805 1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590	Contract Administrator	$69,646
REYNOLDS CONSULTING SERVICES3 years Filed as: REYNOLDS CONSULTING, LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$30,000
GOULD, KOBRICK & SCHLAPP, P.C.3 years Filed as: GOULD KOBRICK & SCHLAPP, PC Service code 10 · EIN 13-3082707 192 LEXINGTON AVENUE · NEW YORK, NY 10016	Accounting	$19,500
THE SEGAL COMPANY3 years Filed as: SEGAL COMPANY Service code 11 · EIN 13-1835864 333 WEST 34TH STREET · NEW YORK, NY 10001	Actuarial	$15,500
BARNES, IACCARINO & SHEPHERD LLP3 years Service code 29 · EIN 26-3858697 258 SAW MILL RIVER RD · ELMSFORD, NY 10523	Legal	$9,916
MARSHALL & MOSS PAYROLL COMPLIANCE3 years Service code 10 · EIN 04-3652965 1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590	Accounting	$7,586
DODGE & COX3 years Service code 52	Indirect Investment Fees	$0
INVESCO3 years Filed as: INVESCO ADVISORS, INC Service code 52	Indirect Investment Fees	$0
KENNEDY CAPITAL MANAGEMENT3 years Filed as: KENNEDY CAPITAL MANAGEMENT, INC Service code 52	Indirect Investment Fees	$0
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2F2G2R2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$182K

$321 / participant

Recordkeeping$8K4.2%
Investment mgmt$30K16.5%
Legal$10K5.5%
Actuarial$16K8.5%
Contract admin$70K38.3%
Other / not subdivided$49K27.1%

% of EOY assets

0.344%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GOULD, KOBRICK, & SCHLAPP, P.C.
Auditor EIN: 133082707
Audit fees: $19,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,184

$100,272-27.0%

$170,057-57.0%

$74,473-1.7%

Participation rate

100.0%

87.4%+12.6pp

87.0%+13.0pp

70.7%+29.3pp

Annual return

11.61%

66.12%-54.5pp

53.42%-41.8pp

34.36%-22.8pp

Employer contribution / active EE

$6,405

$4,266+50.1%

$6,790-5.7%

$2,638+142.7%

Participant deferral / active EE

$7,147-100.0%

$10,411-100.0%

$4,530-100.0%

Admin fee / account holder

$252

$235+7.4%

$12,826-98.0%

$347-27.4%

Provider

Service type

Compensation

MARSHALL & MOSS PAYROLL COMPLIANCE3 years

Filed as: MARSHALL & MOSS ADMIN SERVICES, INC

Service code 13 · EIN 81-2845805

1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590

Contract Administrator

$69,646

REYNOLDS CONSULTING SERVICES3 years

Filed as: REYNOLDS CONSULTING, LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$30,000

GOULD, KOBRICK & SCHLAPP, P.C.3 years

Filed as: GOULD KOBRICK & SCHLAPP, PC

Service code 10 · EIN 13-3082707

192 LEXINGTON AVENUE · NEW YORK, NY 10016

Accounting

$19,500

THE SEGAL COMPANY3 years

Filed as: SEGAL COMPANY

Service code 11 · EIN 13-1835864

333 WEST 34TH STREET · NEW YORK, NY 10001

Actuarial

$15,500

BARNES, IACCARINO & SHEPHERD LLP3 years

Service code 29 · EIN 26-3858697

258 SAW MILL RIVER RD · ELMSFORD, NY 10523

Legal

$9,916

MARSHALL & MOSS PAYROLL COMPLIANCE3 years

Service code 10 · EIN 04-3652965

1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590

Accounting

$7,586

DODGE & COX3 years

Service code 52

Indirect Investment Fees

INVESCO3 years

Filed as: INVESCO ADVISORS, INC

Service code 52

Indirect Investment Fees

KENNEDY CAPITAL MANAGEMENT3 years

Filed as: KENNEDY CAPITAL MANAGEMENT, INC

Service code 52

Indirect Investment Fees

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 52

Indirect Investment Fees

BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOILERMAKERS LOCAL LODGE NO. 5 ANNUITY 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