Retirement plan

PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 803 PENSION FUND

Name: BOARD OF TRUSTEES OF PLUMBERS LOCAL UNION NO. 803 PENSION FUND - PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 803 PENSION FUND (2018) Form 5500
Creator: BOARD OF TRUSTEES OF PLUMBERS LOCAL UNION NO. 803 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 803 PENSION FUND, BOARD OF TRUSTEES OF PLUMBERS LOCAL UNION NO. 803 PENSION FUND

BOARD OF TRUSTEES OF PLUMBERS LOCAL UNION NO. 803 PENSION FUNDEIN 59-6228172Plan #001PY 2018

8657 BAYPINE ROAD BUILDING 5,, SUITE 200 - JACKSONVILLE, FL 32256904-538-0100

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$34M

+4.0% from 2017

Total participants

864

+2.5% from 2017

Average account balance

No prior year

Annual return

6.46%

-2.68 pp from 2017

Benchmarks

See 194 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort194 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.51M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

567

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+7.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 7 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 15 · EIN 20-8764829	Recordkeeping	$120,260
NATIONAL EMPLOYEE BENEFIT ADMIN2 years Filed as: NATIONAL EMPLOYEE BENEFITS ADMIN. Service code 12 · EIN 65-0498809	Other services; Claims processing; Co...	$111,416
BMO HARRIS BANK NA3+ years Filed as: BMO ASSET MANAGEMENT CORP. Service code 28 · EIN 36-3673844	Investment Management	$28,829
LEGACY PROFESSIONALS LLP3+ years Service code 10 · EIN 32-0043599	Accounting	$19,556
SOUTHERN ACTUARIAL SERVICES3+ years Filed as: SOUTHERN ACTUARIAL SERVICES CO.,INC Service code 11 · EIN 58-2409046	Actuarial	$15,650
FOUNDRY PARTNERS2 years Filed as: FOUNDRY PARTNERS, LLC Service code 51 · EIN 46-1184506	Investment Mgmt Fees	$9,343
LAW OFFICE OF THOMAS JOHNSON, PA3+ years Service code 29 · EIN 59-3519587	Legal	$5,211

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$349K

$1111 / participant

Investment mgmt$158K45.4%
Contract admin$109K31.3%
Other / not subdivided$81K23.3%

% of EOY assets

1.027%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,831-100.0%

$245,396-100.0%

$18,026,966-100.0%

Participation rate

0.0%

0.0%0pp

43.0%-43.0pp

1.8%-1.8pp

Annual return

6.46%

4.25%+2.2pp

-752.26%+758.7pp

0.19%+6.3pp

Employer contribution / active EE

$4,124

$11,906-65.4%

$31,802-87.0%

$13,763-70.0%

Participant deferral / active EE

$1,467-100.0%

$47-100.0%

$804-100.0%

Admin fee / account holder

$593-100.0%

$1,223-100.0%

$426-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 15 · EIN 20-8764829

Recordkeeping

$120,260

NATIONAL EMPLOYEE BENEFIT ADMIN2 years

Filed as: NATIONAL EMPLOYEE BENEFITS ADMIN.

Service code 12 · EIN 65-0498809

Other services; Claims processing; Co...

$111,416

BMO HARRIS BANK NA3+ years

Filed as: BMO ASSET MANAGEMENT CORP.

Service code 28 · EIN 36-3673844

Investment Management

$28,829

LEGACY PROFESSIONALS LLP3+ years

Service code 10 · EIN 32-0043599

Accounting

$19,556

SOUTHERN ACTUARIAL SERVICES3+ years

Filed as: SOUTHERN ACTUARIAL SERVICES CO.,INC

Service code 11 · EIN 58-2409046

Actuarial

$15,650

FOUNDRY PARTNERS2 years

Filed as: FOUNDRY PARTNERS, LLC

Service code 51 · EIN 46-1184506

Investment Mgmt Fees

$9,343

LAW OFFICE OF THOMAS JOHNSON, PA3+ years

Service code 29 · EIN 59-3519587

Legal

$5,211

PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 803 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 803 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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