Retirement plan

DIVISION A ANNUITY FUND

Name: BOARD OF TRUSTEES OF DIVISION A ANNUITY FUND - DIVISION A ANNUITY FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES OF DIVISION A ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIVISION A ANNUITY FUND, BOARD OF TRUSTEES OF DIVISION A ANNUITY FUND

BOARD OF TRUSTEES OF DIVISION A ANNUITY FUNDEIN 56-2290624Plan #001PY 2024

709 EIGHTH AVENUE - NEW YORK, NY 100367111212-492-2102LinkedIn10001+ employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.3M

+18.0% from 2023

Total participants

1,191

-0.8% from 2023

Average account balance

$9,862

+20.8% from 2023

Annual return

10.61%

-0.91 pp from 2023

Benchmarks

See 938 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort938 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.29M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

1,145

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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
AMERITAS LIFE INSURANCE CORP8 years Service code 15 · EIN 13-3758127	Recordkeeping	$49,346
NOVAK FRANCELLA LLC7 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$26,961
PITTA LLP8 years Service code 29 · EIN 26-3852082	Legal	$20,497
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS, INC. Service code 16 · EIN 13-2646110	Consulting	$20,000
JPMORGAN INVEST HOLDINGS LLC2 years Filed as: JPMORGAN CHASE BANK, N.A. Service code 49 P.O. BOX 182051 · COLUMBUS, OH 432182051	Other Services	$5,660

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$146K

$189 / participant

Recordkeeping$2K1.3%
Trustee / custodial$6K3.9%
Legal$20K14.1%
Salaries / allowances$14K9.4%
Contract admin$49K33.9%
Other / not subdivided$54K37.3%

% of EOY assets

1.289%

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: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $25,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,862

$29,569-66.6%

$56,077-82.4%

$77,714-87.3%

Participation rate

94.0%

32.6%+61.4pp

52.5%+41.5pp

70.6%+23.4pp

Annual return

10.61%

18.90%-8.3pp

1709.28%-1698.7pp

31.26%-20.6pp

Employer contribution / active EE

$231

$569-59.4%

$1,040-77.8%

$2,727-91.5%

Participant deferral / active EE

$1,095

$1,061+3.2%

$1,954-44.0%

$4,649-76.4%

Admin fee / account holder

$127

$1,042-87.8%

$2,825-95.5%

$433-70.7%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP8 years

Service code 15 · EIN 13-3758127

Recordkeeping

$49,346

NOVAK FRANCELLA LLC7 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$26,961

PITTA LLP8 years

Service code 29 · EIN 26-3852082

Legal

$20,497

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS, INC.

Service code 16 · EIN 13-2646110

Consulting

$20,000

JPMORGAN INVEST HOLDINGS LLC2 years

Filed as: JPMORGAN CHASE BANK, N.A.

Service code 49

P.O. BOX 182051 · COLUMBUS, OH 432182051

Other Services

$5,660

DIVISION A ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIVISION A ANNUITY FUND

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