Retirement plan

OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN

Name: BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN - OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN, BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN

BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLANEIN 52-2241121Plan #001PY 2016

911 RIDGEBROOK ROAD - SPARKS, MD 211529459410-683-7721LinkedIn1001-5000 employeesconstruction

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$22.8M

+12.0% from 2015

Total participants

2,590

+13.1% from 2015

Average account balance

$11,295

-4.0% from 2015

Annual return

4.75%

+6.74 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.71M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

3,118

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.

54.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$772

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

+10.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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 5 by compensation

Provider	Service type	Compensation
ASSOCIATED ADMINISTRATORS, LLC2+ years Filed as: ASSOCIATED ADMINISTRATORS Service code 13 · EIN 52-0940029	Contract Administrator	$106,088
INVESTMENT PERFORMANCE SERVICES2+ years Filed as: INVESTMENT PERFORMANCE SERVICE Service code 27 · EIN 41-1553733	Advisory (Plan)	$25,450
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$23,102
SALTER & COMPANY, LLC2+ years Service code 10 · EIN 20-8078757	Accounting	$7,685
MCCHESNEY & DALE2+ years Filed as: MCCHESNEY ET AL Service code 29 · EIN 52-1023071	Legal	$5,312

Plan features & details

Pension benefit codes2E2F2G2J2T

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).
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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$171K

$69 / participant

Investment mgmt$25K14.9%
Contract admin$129K75.8%
Other / not subdivided$16K9.3%

% of EOY assets

0.749%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SALTER & COMPANY, LLC
Auditor EIN: 208078757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,295

$54,392-79.2%

$84,753-86.7%

$63,975-82.3%

Participation rate

76.9%

76.9%0pp

76.6%+0.3pp

71.1%+5.7pp

Annual return

4.75%

611.38%-606.6pp

22.78%-18.0pp

48.65%-43.9pp

Employer contribution / active EE

$745

$2,943-74.7%

$3,574-79.2%

$2,182-65.9%

Participant deferral / active EE

$239

$2,593-90.8%

$3,712-93.6%

$3,356-92.9%

Admin fee / account holder

$85

$136-37.7%

$5,333-98.4%

$70+20.1%

Provider

Service type

Compensation

ASSOCIATED ADMINISTRATORS, LLC2+ years

Filed as: ASSOCIATED ADMINISTRATORS

Service code 13 · EIN 52-0940029

Contract Administrator

$106,088

INVESTMENT PERFORMANCE SERVICES2+ years

Filed as: INVESTMENT PERFORMANCE SERVICE

Service code 27 · EIN 41-1553733

Advisory (Plan)

$25,450

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$23,102

SALTER & COMPANY, LLC2+ years

Service code 10 · EIN 20-8078757

Accounting

$7,685

MCCHESNEY & DALE2+ years

Filed as: MCCHESNEY ET AL

Service code 29 · EIN 52-1023071

Legal

$5,312

OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT 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