Retirement plan

NORTHERN OHIO LABORERS' PROFIT SHARING ANNUITY PLAN

Name: BOARD OF TRUSTEES OF THE NORTHERN OHIO LABORERS PSAP - NORTHERN OHIO LABORERS' PROFIT SHARING ANNUITY PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES OF THE NORTHERN OHIO LABORERS PSAP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN OHIO LABORERS' PROFIT SHARING ANNUITY PLAN, BOARD OF TRUSTEES OF THE NORTHERN OHIO LABORERS PSAP

BOARD OF TRUSTEES OF THE NORTHERN OHIO LABORERS PSAPEIN 82-1156653Plan #001PY 2020

P.O. BOX 1330 - HOLLAND, OH 435281330419-248-2401

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$28.9M

+143092.9% from 2019

Total participants

2,054

+1875.0% from 2019

Average account balance

$15,362

+7812.9% from 2019

Annual return

146027.99%

+146027.99 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.65M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

2,197

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

$2.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 10 of 22 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27	Advisory (Plan)	$45,096
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$39,502
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 · EIN 59-1237041	Advisory (Plan)	$22,893
NORTHWESTERN OHIO ADMINISTRATORS1 year Service code 13 7142 NIGHTINGALE DRIVE, SUITE 1 · HOLLAND, OH 43528	Contract Administrator	$16,896
HUNTINGTON INSURANCE1 year Service code 23 37 W BROAD ST · COLUMBUS, OH 43215	Insurance services; Direct payment fr...	$8,128
SHUMAKER, LOOP & KENDRICK, LLP1 year Filed as: SHUMAKER, LOOP & KENDRICK LLP Service code 29 · EIN 34-4439491	Legal	$7,373
CLARK, SCHAEFER, HACKETT & CO.1 year Service code 10 · EIN 31-0800053	Accounting	$6,500
AMERICAN CENTURY1 year Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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

$92K

$45 / participant

Investment mgmt$41K44.2%
Contract admin$17K18.3%
Other / not subdivided$35K37.5%

% of EOY assets

0.319%

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: CLARK, SCHAEFER, HACKETT & CO,
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,362

$81,719-81.2%

$101,271-84.8%

$90,274-83.0%

Participation rate

91.6%

80.7%+10.9pp

75.8%+15.8pp

73.4%+18.3pp

Annual return

146027.99%

337.64%+145690.4pp

46.48%+145981.5pp

53.97%+145974.0pp

Employer contribution / active EE

$384

$3,622-89.4%

$3,660-89.5%

$2,523-84.8%

Participant deferral / active EE

$3,310-100.0%

$4,371-100.0%

$4,231-100.0%

Admin fee / account holder

$49

$162-69.7%

$5,948-99.2%

$114-57.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27

Advisory (Plan)

$45,096

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$39,502

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 27 · EIN 59-1237041

Advisory (Plan)

$22,893

NORTHWESTERN OHIO ADMINISTRATORS1 year

Service code 13

7142 NIGHTINGALE DRIVE, SUITE 1 · HOLLAND, OH 43528

Contract Administrator

$16,896

HUNTINGTON INSURANCE1 year

Service code 23

37 W BROAD ST · COLUMBUS, OH 43215

Insurance services; Direct payment fr...

$8,128

SHUMAKER, LOOP & KENDRICK, LLP1 year

Filed as: SHUMAKER, LOOP & KENDRICK LLP

Service code 29 · EIN 34-4439491

Legal

$7,373

CLARK, SCHAEFER, HACKETT & CO.1 year

Service code 10 · EIN 31-0800053

Accounting

$6,500

AMERICAN CENTURY1 year

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-6006886

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

NORTHERN OHIO LABORERS' PROFIT SHARING ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN OHIO LABORERS' PROFIT SHARING 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