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 (2017) 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 2017

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

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$27.4M

+20.2% from 2016

Total participants

2,795

+7.9% from 2016

Average account balance

$13,042

+15.5% from 2016

Annual return

12.98%

+8.23 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$150,358
ASSOCIATED ADMINISTRATORS, LLC3+ years Filed as: ASSOCIATED ADMINISTRATORS Service code 13 · EIN 52-0940029	Contract Administrator	$104,972
INVESTMENT PERFORMANCE SERVICES3+ years Filed as: INVESTMENT PERFORMANCE SERVICE Service code 27 · EIN 41-1553733	Advisory (Plan)	$22,500
SALTER & COMPANY, LLC3+ years Service code 10 · EIN 20-8078757	Accounting	$8,302
MCCHESNEY & DALE3+ years Filed as: MCCHESNEY ET AL Service code 29 · EIN 52-1023071	Legal	$6,122
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 33-0457728	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 95-2513084	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE Service code 52 · EIN 52-0791372	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD Service code 52 · EIN 52-0794097	Indirect Investment Fees	$0

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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

$296K

$110 / participant

Investment mgmt$23K7.6%
Contract admin$255K86.3%
Other / not subdivided$18K6.1%

% of EOY assets

1.080%

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

$13,042

$221,442-94.1%

$92,240-85.9%

$77,958-83.3%

Participation rate

74.2%

79.6%-5.4pp

76.5%-2.2pp

71.6%+2.6pp

Annual return

12.98%

15.65%-2.7pp

176.29%-163.3pp

20.87%-7.9pp

Employer contribution / active EE

$709

$3,226-78.0%

$3,680-80.7%

$2,310-69.3%

Participant deferral / active EE

$236

$2,779-91.5%

$3,897-94.0%

$3,537-93.3%

Admin fee / account holder

$141

$210-32.8%

$5,194-97.3%

$97+44.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$150,358

ASSOCIATED ADMINISTRATORS, LLC3+ years

Filed as: ASSOCIATED ADMINISTRATORS

Service code 13 · EIN 52-0940029

Contract Administrator

$104,972

INVESTMENT PERFORMANCE SERVICES3+ years

Filed as: INVESTMENT PERFORMANCE SERVICE

Service code 27 · EIN 41-1553733

Advisory (Plan)

$22,500

SALTER & COMPANY, LLC3+ years

Service code 10 · EIN 20-8078757

Accounting

$8,302

MCCHESNEY & DALE3+ years

Filed as: MCCHESNEY ET AL

Service code 29 · EIN 52-1023071

Legal

$6,122

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 33-0457728

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 95-2513084

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE

Service code 52 · EIN 52-0791372

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD

Service code 52 · EIN 52-0794097

Indirect Investment Fees

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