Retirement plan

ELEVATOR CONSTRUCTORS ANNUITY AND 401(K) RETIREMENT PLAN

Name: BD OF TRUSTEES OF THE ELEV CONSTU ANNUITY AND 401K RET PLAN - ELEVATOR CONSTRUCTORS ANNUITY AND 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: BD OF TRUSTEES OF THE ELEV CONSTU ANNUITY AND 401K RET PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELEVATOR CONSTRUCTORS ANNUITY AND 401(K) RETIREMENT PLAN, BD OF TRUSTEES OF THE ELEV CONSTU ANNUITY AND 401K RET PLAN

BD OF TRUSTEES OF THE ELEV CONSTU ANNUITY AND 401K RET PLANEIN 52-2125995Plan #001PY 2021

19 CAMPUS BLVD, SUITE 200 - NEWTOWN SQUARE, PA 190733288800-523-4702LinkedIn1-10 employeesconstruction

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5809.2M

-14.9% from 2016

Total participants

35,484

-3.5% from 2016

Average account balance

$192,160

-10.5% from 2016

Annual return

9.72%

-7.08 pp from 2016

Benchmarks

See 45 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort45 peers

Snapshot2021

Participant deferral / active EE

$4,448

median $2,848

Employer contribution / active EE

$12,085

median $3,237

Participation rate

83.6%

median 100.0%

Avg account balance

$192,160

median $51,332

Admin fee / account holder

$87

median $89

Annual return

9.72%

median 14.38%

Overall peer rank

52of 100

52nd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$7.29B

Average account balance

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

$223K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

32,732

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

84.6%

Contributions (total)

Employer and participant dollars contributed each year

$638.24M

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.30%

Admin fee / account holder

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

$119

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES4 years Filed as: ECA 401K RETIREMENT PLAN Service code 14 · EIN 52-2125995	Plan Administrator	$2,978,546
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$800,000
NAT'L ELEV IND PENSION PLAN7+ years Filed as: NAT'L ELEV IND HEALTH BENEFIT PLAN Service code 99 · EIN 23-6209407	Other Fees	$400,000
NAT'L ELEV IND PENSION PLAN7+ years Service code 99 · EIN 23-6209769	Other Fees	$400,000
O'DONOGHUE & O'DONOGHUE7+ years Service code 29 · EIN 53-0120528	Legal	$211,223
THE SEGAL COMPANY4 years Filed as: SEGAL ADVISORS DBA SEGALROGERSCASEY Service code 27 · EIN 13-2646110	Advisory (Plan)	$187,700
DANIEL A. WINTERS & COMPANY, CPAS4 years Filed as: DANIEL A. WINTERS & CO Service code 10 · EIN 23-2586736	Accounting	$159,028
WHARTON HILL ADVISORS2 years Service code 16 · EIN 47-1411118	Consulting	$122,468
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO Service code 65 · EIN 94-1347393	Account Maintenance	$34,713
SEYFARTH SHAW LLP7+ years Service code 29 · EIN 36-2152202	Legal	$33,604

Plan features & details

Pension benefit codes2E2F2H2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2.6M

$82 / participant

Investment mgmt$210K8.0%
Contract admin$2M61.1%
Other / not subdivided$807K30.8%

% of EOY assets

0.045%

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

$192,160

$65,673+192.6%

$109,191+76.0%

$106,520+80.4%

Participation rate

83.6%

82.6%+1.0pp

75.9%+7.8pp

71.3%+12.3pp

Annual return

9.72%

15.69%-6.0pp

25.76%-16.0pp

19.28%-9.6pp

Employer contribution / active EE

$12,085

$4,042+199.0%

$3,723+224.6%

$2,840+325.4%

Participant deferral / active EE

$4,448

$3,449+29.0%

$4,653-4.4%

$4,948-10.1%

Admin fee / account holder

$87

$107-19.1%

$6,756-98.7%

$75+16.2%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: ECA 401K RETIREMENT PLAN

Service code 14 · EIN 52-2125995

Plan Administrator

$2,978,546

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$800,000

NAT'L ELEV IND PENSION PLAN7+ years

Filed as: NAT'L ELEV IND HEALTH BENEFIT PLAN

Service code 99 · EIN 23-6209407

Other Fees

$400,000

NAT'L ELEV IND PENSION PLAN7+ years

Service code 99 · EIN 23-6209769

Other Fees

$400,000

O'DONOGHUE & O'DONOGHUE7+ years

Service code 29 · EIN 53-0120528

Legal

$211,223

THE SEGAL COMPANY4 years

Filed as: SEGAL ADVISORS DBA SEGALROGERSCASEY

Service code 27 · EIN 13-2646110

Advisory (Plan)

$187,700

DANIEL A. WINTERS & COMPANY, CPAS4 years

Filed as: DANIEL A. WINTERS & CO

Service code 10 · EIN 23-2586736

Accounting

$159,028

WHARTON HILL ADVISORS2 years

Service code 16 · EIN 47-1411118

Consulting

$122,468

WELLS FARGO BANK, N.A.7+ years

Filed as: WELLS FARGO

Service code 65 · EIN 94-1347393

Account Maintenance

$34,713

SEYFARTH SHAW LLP7+ years

Service code 29 · EIN 36-2152202

Legal

$33,604

ELEVATOR CONSTRUCTORS ANNUITY AND 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELEVATOR CONSTRUCTORS ANNUITY AND 401(K) RETIREMENT PLAN

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