Retirement plan

DIVISION A ANNUITY FUND

Name: BOARD OF TRUSTEES OF DIVISION A ANNUITY FUND - DIVISION A ANNUITY FUND (2019) 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 2019

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

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$8.2M

+24.1% from 2018

Total participants

1,329

-4.3% from 2018

Average account balance

$6,269

+28.2% from 2018

Annual return

14.92%

+22.95 pp from 2018

Benchmarks

See 794 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort794 peers

Snapshot2019

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 4 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP3 years Service code 15 · EIN 47-0098400	Recordkeeping	$213,507
NOVAK FRANCELLA LLC2 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$56,750
DIVISION A PENSION FUND5+ years Service code 13 · EIN 13-2569697	Contract Administrator	$33,747
PITTA LLP3 years Service code 29 · EIN 26-3852082	Legal	$7,138

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$157K

$167 / participant

Contract admin$51K32.5%
Other / not subdivided$106K67.5%

% of EOY assets

1.900%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,269

$25,302-75.2%

$74,722-91.6%

$67,579-90.7%

Participation rate

98.4%

37.8%+60.6pp

54.5%+43.9pp

71.3%+27.1pp

Annual return

14.92%

10291.17%-10276.2pp

753.11%-738.2pp

378.56%-363.6pp

Employer contribution / active EE

$248

$446-44.4%

$1,084-77.1%

$2,148-88.5%

Participant deferral / active EE

$1,003

$954+5.1%

$1,963-48.9%

$3,539-71.7%

Admin fee / account holder

$119

$108+10.6%

$3,335-96.4%

$142-16.3%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP3 years

Service code 15 · EIN 47-0098400

Recordkeeping

$213,507

NOVAK FRANCELLA LLC2 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$56,750

DIVISION A PENSION FUND5+ years

Service code 13 · EIN 13-2569697

Contract Administrator

$33,747

PITTA LLP3 years

Service code 29 · EIN 26-3852082

Legal

$7,138

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