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 (2019) 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 2019

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

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$34.2M

+24.8% from 2018

Total participants

3,520

+14.5% from 2018

Average account balance

$13,069

+10.0% from 2018

Annual return

17.62%

+22.61 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$184,917
ASSOCIATED ADMINISTRATORS, LLC5+ years Filed as: ASSOCIATED ADMINISTRATORS Service code 13 · EIN 52-0940029	Contract Administrator	$103,215
INVESTMENT PERFORMANCE SERVICES5+ years Filed as: INVESTMENT PERFORMANCE SERVICE Service code 27 · EIN 41-1553733	Advisory (Plan)	$20,054
CALIBRE CPA GROUP PLLC1 year Filed as: CALIBRE CPA GROUP Service code 10 · EIN 47-0900880	Accounting	$9,266
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD Service code 52 · EIN 23-2311358	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

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

$323K

$94 / participant

Investment mgmt$20K6.2%
Contract admin$288K89.3%
Other / not subdivided$15K4.5%

% of EOY assets

0.944%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,069

$66,051-80.2%

$92,909-85.9%

$77,775-83.2%

Participation rate

73.7%

81.0%-7.3pp

76.0%-2.3pp

73.2%+0.5pp

Annual return

17.62%

20.69%-3.1pp

109.44%-91.8pp

32.58%-15.0pp

Employer contribution / active EE

$791

$3,426-76.9%

$3,653-78.3%

$2,504-68.4%

Participant deferral / active EE

$240

$3,013-92.0%

$4,238-94.3%

$3,966-94.0%

Admin fee / account holder

$123

$148-16.6%

$5,795-97.9%

$100+23.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$184,917

ASSOCIATED ADMINISTRATORS, LLC5+ years

Filed as: ASSOCIATED ADMINISTRATORS

Service code 13 · EIN 52-0940029

Contract Administrator

$103,215

INVESTMENT PERFORMANCE SERVICES5+ years

Filed as: INVESTMENT PERFORMANCE SERVICE

Service code 27 · EIN 41-1553733

Advisory (Plan)

$20,054

CALIBRE CPA GROUP PLLC1 year

Filed as: CALIBRE CPA GROUP

Service code 10 · EIN 47-0900880

Accounting

$9,266

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

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