Retirement plan

PENSION AND ANNUITY PLAN OF THE BRICKLAYERS PENSION FUND

Name: BD OF TR OF THE PENSION AND ANNUITY PLAN OF BRICKLAYERS PENSION FUND - PENSION AND ANNUITY PLAN OF THE BRICKLAYERS PENSION FUND (2023) Form 5500
Creator: BD OF TR OF THE PENSION AND ANNUITY PLAN OF BRICKLAYERS PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION AND ANNUITY PLAN OF THE BRICKLAYERS PENSION FUND, BD OF TR OF THE PENSION AND ANNUITY PLAN OF BRICKLAYERS PENSION FUND

BD OF TR OF THE PENSION AND ANNUITY PLAN OF BRICKLAYERS PENSION FUNDEIN 51-6135291Plan #001PY 2023

66-05 WOODHAVEN BOULEVARD - REGO PARK, NY 113745227718-459-5800

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$242.5M

-7.6% from 2016

Total participants

2,721

-0.3% from 2016

Average account balance

No prior year

Annual return

12.66%

-5.78 pp from 2016

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$266.71M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

1,862

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

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

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Service providers

Top 10 of 23 by compensation

Provider	Service type	Compensation
J. CANO4 years Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$148,758
P. SMYTH2 years Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$144,585
SCHULTHEIS & PANETTIERI, LLP9+ years Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$111,650
R. SANTORO NAVARRO9+ years Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$105,459
V. LETTMAN9+ years Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$89,063
WEITZ6 years Filed as: I. WEITZ Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$80,681
THE SEGAL COMPANY8 years Filed as: THE SEGAL COMPANY (EASTERN STATES) Service code 11 · EIN 13-1835864	Actuarial	$79,560
GARCIA HAMILTON & ASSOCIATES6 years Filed as: A. GARCIA Service code 30 · EIN 51-6135291	Employee (plan); Direct payment from ...	$76,893
QUAN-VEST CONSULTANTS, INC.9+ years Filed as: QUANVEST CONSULTANTS Service code 27 · EIN 11-2559669	Advisory (Plan)	$73,068
P. ESPOSITO6 years Service code 30 · EIN 51-6135291	Direct payment from the plan; Employe...	$69,271

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$1262 / participant

Recordkeeping$54K5.1%
Investment mgmt$196K18.2%
Legal$133K12.4%
Actuarial$80K7.4%
Salaries / allowances$281K26.1%
Other / not subdivided$331K30.8%

% of EOY assets

0.443%

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: SCHULTHEIS & PANETTIERI LLP
Auditor EIN: 131577780
Audit fees: $57,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,369,090-100.0%

$473,625-100.0%

$3,299,877-100.0%

Participation rate

0.0%

4.8%-4.8pp

37.3%-37.3pp

2.3%-2.3pp

Annual return

12.66%

7.15%+5.5pp

20.18%-7.5pp

37.77%-25.1pp

Employer contribution / active EE

$13,916

$13,270+4.9%

$29,108-52.2%

$15,798-11.9%

Participant deferral / active EE

$732-100.0%

$6-100.0%

$732-100.0%

Admin fee / account holder

$12,034-100.0%

$2,262-100.0%

$9,287-100.0%

Provider

Service type

Compensation

J. CANO4 years

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$148,758

P. SMYTH2 years

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$144,585

SCHULTHEIS & PANETTIERI, LLP9+ years

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$111,650

R. SANTORO NAVARRO9+ years

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$105,459

V. LETTMAN9+ years

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$89,063

WEITZ6 years

Filed as: I. WEITZ

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$80,681

THE SEGAL COMPANY8 years

Filed as: THE SEGAL COMPANY (EASTERN STATES)

Service code 11 · EIN 13-1835864

Actuarial

$79,560

GARCIA HAMILTON & ASSOCIATES6 years

Filed as: A. GARCIA

Service code 30 · EIN 51-6135291

Employee (plan); Direct payment from ...

$76,893

QUAN-VEST CONSULTANTS, INC.9+ years

Filed as: QUANVEST CONSULTANTS

Service code 27 · EIN 11-2559669

Advisory (Plan)

$73,068

P. ESPOSITO6 years

Service code 30 · EIN 51-6135291

Direct payment from the plan; Employe...

$69,271

PENSION AND ANNUITY PLAN OF THE BRICKLAYERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION AND ANNUITY PLAN OF THE BRICKLAYERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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