Retirement plan

IRON WORKERS LOCAL UNION NO. 92 MONEY PURCHASE PENSION PLAN

Name: IRON WORKERS LOCAL UNION NO. 92 - IRON WORKERS LOCAL UNION NO. 92 MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: IRON WORKERS LOCAL UNION NO. 92
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRON WORKERS LOCAL UNION NO. 92 MONEY PURCHASE PENSION PLAN, IRON WORKERS LOCAL UNION NO. 92

IRON WORKERS LOCAL UNION NO. 92EIN 63-0880818Plan #002PY 2024

2828 FOURTH AVENUE SOUTH - BIRMINGHAM, AL 35233205-323-2205LinkedIn501-1000 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$58.1M

+12.8% from 2023

Total participants

982

+6.9% from 2023

Average account balance

$59,206

+5.6% from 2023

Annual return

8.80%

-1.75 pp from 2023

Benchmarks

See 1,565 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,565 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$58.14M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

982

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

$4.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$224

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK RETIREMENT PLAN Service code 15 200 BERKELEY ST · BOSTON, MA 02116	Recordkeeping	$69,112
INVESTMENT PERFORMANCE SERVICES10+ years Filed as: INVESTMENT PERFORMANCE SERVICES LLC Service code 27 7402 HODGSON MEMORIAL DR · SAVANNAH, GA 31406	Advisory (Plan)	$45,000
AFLCIO HOUSING INVESTMENT TRUST1 year Filed as: AFL - AGC BUILDING TRADES Service code 14 · EIN 63-0327100 P.O. BOX 1492 · MOBILE, AL 36633	Plan Administrator	$24,924
COMPUSYS OF UTAH, INC.4 years Service code 14 · EIN 84-0869853 1293 W. 2200 SOUTH STE A · SALT LAKE CITY, UT 841191326	Plan Administrator	$22,500
DANIELS, IRWIN & AYLOR9 years Filed as: DANIELS IRWIN & AYLOR Service code 10 · EIN 62-1802605 223 MADISON ST, STE 112 · MADISON, TN 37115	Accounting	$16,200
QUINN CONNOR WEAVER DAVIES & ROUCO1 year Filed as: QUINN, CONNOR, WEAVER, DAVIES & ROU Service code 29 · EIN 45-1444874 2-20TH ST N, STE930 · BIRMINGHAM, AL 35203	Legal	$16,130
MUTUAL FUNDS1 year Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2C2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

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

$220K

$238 / participant

Trustee / custodial$1K0.6%
Investment mgmt$114K51.8%
Legal$16K7.3%
Other trustee fees$3K1.2%
Contract admin$47K21.5%
Other / not subdivided$38K17.4%

% of EOY assets

0.379%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DANIELS, IRWIN & AYLOR, CPAS
Auditor EIN: 621802605
Audit fees: $16,200
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,206

$82,917-28.6%

$103,333-42.7%

$77,643-23.7%

Participation rate

100.0%

71.6%+28.4pp

74.5%+25.5pp

70.6%+29.4pp

Annual return

8.80%

19.13%-10.3pp

24.88%-16.1pp

31.24%-22.4pp

Employer contribution / active EE

$4,904

$3,552+38.1%

$3,868+26.8%

$2,726+79.9%

Participant deferral / active EE

$4,108-100.0%

$5,057-100.0%

$4,647-100.0%

Admin fee / account holder

$224

$638-64.9%

$8,355-97.3%

$430-47.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK RETIREMENT PLAN

Service code 15

200 BERKELEY ST · BOSTON, MA 02116

Recordkeeping

$69,112

INVESTMENT PERFORMANCE SERVICES10+ years

Filed as: INVESTMENT PERFORMANCE SERVICES LLC

Service code 27

7402 HODGSON MEMORIAL DR · SAVANNAH, GA 31406

Advisory (Plan)

$45,000

AFLCIO HOUSING INVESTMENT TRUST1 year

Filed as: AFL - AGC BUILDING TRADES

Service code 14 · EIN 63-0327100

P.O. BOX 1492 · MOBILE, AL 36633

Plan Administrator

$24,924

COMPUSYS OF UTAH, INC.4 years

Service code 14 · EIN 84-0869853

1293 W. 2200 SOUTH STE A · SALT LAKE CITY, UT 841191326

Plan Administrator

$22,500

DANIELS, IRWIN & AYLOR9 years

Filed as: DANIELS IRWIN & AYLOR

Service code 10 · EIN 62-1802605

223 MADISON ST, STE 112 · MADISON, TN 37115

Accounting

$16,200

QUINN CONNOR WEAVER DAVIES & ROUCO1 year

Filed as: QUINN, CONNOR, WEAVER, DAVIES & ROU

Service code 29 · EIN 45-1444874

2-20TH ST N, STE930 · BIRMINGHAM, AL 35203

Legal

$16,130

MUTUAL FUNDS1 year

Service code 19

Securities Custodian

IRON WORKERS LOCAL UNION NO. 92 MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRON WORKERS LOCAL UNION NO. 92 MONEY PURCHASE PENSION 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