Retirement plan

IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY PLAN

Name: IRON WORKERS DISTRICT COUNCIL OF TN & VICINITY ANNUITY PLAN - IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY PLAN (2021) Form 5500
Creator: IRON WORKERS DISTRICT COUNCIL OF TN & VICINITY ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY PLAN, IRON WORKERS DISTRICT COUNCIL OF TN & VICINITY ANNUITY PLAN

IRON WORKERS DISTRICT COUNCIL OF TN & VICINITY ANNUITY PLANEIN 62-1747853Plan #002PY 2021

P.O. BOX 1449 - GOODLETTSVILLE, TN 370701449615-859-0131LinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh cashLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$34.3M

+15.5% from 2020

Total participants

4,009

+10.3% from 2020

Average account balance

$8,544

+4.7% from 2020

Annual return

8.11%

-3.92 pp from 2020

Benchmarks

See 543 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort543 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.65M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

5,317

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 7 by compensation

Provider	Service type	Compensation
SOUTHERN BENEFIT ADMINISTRATORS4 years Service code 14 · EIN 62-1116095 P.O. BOX 1449 · GOODLETTSVILLE, TN 370701449	Plan Administrator	$53,283
BRANSTETTER, STRANCH & JENNINGS5 years Service code 29 · EIN 62-0513048 227 SECOND AVE. N. 4TH FL · NASHVILLE, TN 37201	Legal	$18,776
ULLICO7+ years Filed as: THE UNION LABOR LIFE INSURANCE CO Service code 28 · EIN 13-1423090 1625 EYE STREET NW · WASHINGTON, DC 20006	Investment Management	$15,166
DANIELS, IRWIN & AYLOR4 years Filed as: DANIELS, IRWIN & AYLOR CPAS Service code 10 · EIN 62-1802605 223 MADISON ST STE 112 · MADISON, TN 37115	Accounting	$12,700
BOYD WATTERSON ASSET MANAGEMENT1 year Filed as: BOYD WATTERSON Service code 28 1301 EAST 9TH ST STE 2900 · CLEVELAND, OH 44114	Investment Management	$7,783
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 19 · EIN 26-4310632 800 EAST 96TH ST., 400 · INDIANAPOLIS, IN 46204	Securities Custodian	$5,447
MONEY CONCEPTS CAPITAL CORP4 years Filed as: MONEY MARKET, MUTUAL & ETFS Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$179K

$45 / participant

Investment mgmt$70K38.9%
Contract admin$50K27.7%
Other / not subdivided$60K33.4%

% of EOY assets

0.523%

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: DANIELS, IRWIN & AYLOR CPAS
Auditor EIN: 621802605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,544

$118,337-92.8%

$189,537-95.5%

$93,010-90.8%

Participation rate

100.0%

89.1%+10.9pp

87.8%+12.2pp

73.9%+26.1pp

Annual return

8.11%

21.77%-13.7pp

555.34%-547.2pp

158.70%-150.6pp

Employer contribution / active EE

$1,044

$4,204-75.2%

$6,161-83.1%

$2,705-61.4%

Participant deferral / active EE

$7,123-100.0%

$8,220-100.0%

$4,561-100.0%

Admin fee / account holder

$45

$100-55.2%

$12,048-99.6%

$152-70.6%

Provider

Service type

Compensation

SOUTHERN BENEFIT ADMINISTRATORS4 years

Service code 14 · EIN 62-1116095

P.O. BOX 1449 · GOODLETTSVILLE, TN 370701449

Plan Administrator

$53,283

BRANSTETTER, STRANCH & JENNINGS5 years

Service code 29 · EIN 62-0513048

227 SECOND AVE. N. 4TH FL · NASHVILLE, TN 37201

Legal

$18,776

ULLICO7+ years

Filed as: THE UNION LABOR LIFE INSURANCE CO

Service code 28 · EIN 13-1423090

1625 EYE STREET NW · WASHINGTON, DC 20006

Investment Management

$15,166

DANIELS, IRWIN & AYLOR4 years

Filed as: DANIELS, IRWIN & AYLOR CPAS

Service code 10 · EIN 62-1802605

223 MADISON ST STE 112 · MADISON, TN 37115

Accounting

$12,700

BOYD WATTERSON ASSET MANAGEMENT1 year

Filed as: BOYD WATTERSON

Service code 28

1301 EAST 9TH ST STE 2900 · CLEVELAND, OH 44114

Investment Management

$7,783

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 19 · EIN 26-4310632

800 EAST 96TH ST., 400 · INDIANAPOLIS, IN 46204

Securities Custodian

$5,447

MONEY CONCEPTS CAPITAL CORP4 years

Filed as: MONEY MARKET, MUTUAL & ETFS

Service code 19

Securities Custodian

IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRON WORKERS DISTRICT COUNCIL OF TENNESSEE VALLEY AND VICINITY ANNUITY 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