Retirement plan

LOCAL 812 ANNUITY FUND

Name: BOARD OF TRUSTEES LOCAL 812 ANNUITY FUND - LOCAL 812 ANNUITY FUND (2022) Form 5500
Creator: BOARD OF TRUSTEES LOCAL 812 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 812 ANNUITY FUND, BOARD OF TRUSTEES LOCAL 812 ANNUITY FUND

BOARD OF TRUSTEES LOCAL 812 ANNUITY FUNDEIN 87-4819968Plan #001PY 2022

445 NORTHERN BLVD. STE 30 - GREAT NECK, NY 11021516-303-1455

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$10.9M

No prior year

Total participants

2,310

No prior year

Average account balance

$4,733

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 303 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort303 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.33M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

2,630

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

$11.11M

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER RETIREMENT, LLC Service code 13 · EIN 84-1233483	Contract Administrator	$44,181
MARSHALL & MOSS PAYROLL COMPLIANCE1+ years Filed as: MARSHALL AND MOSS, LLP Service code 10 · EIN 11-3360166	Accounting	$33,750
CARY KANE LLP1+ years Filed as: CARY KANE, LLP Service code 29 · EIN 20-1942442	Legal	$20,000
PROSKAUER ROSE LLP1+ years Filed as: PROSKAUER ROSE, LLP Service code 29 · EIN 13-1840454	Legal	$20,000
NOVAK FRANCELLA LLC1+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$18,600

Plan features & details

Pension benefit codes2F2G2J

Plan features

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.

Opportunity flags

1 tripped

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

$151K

$66 / participant

Investment mgmt$3K2.2%
Contract admin$44K29.3%
Other / not subdivided$103K68.5%

% of EOY assets

1.380%

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: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,733

$84,000-94.4%

$119,622-96.0%

$77,906-93.9%

Participation rate

100.0%

77.8%+22.2pp

79.3%+20.7pp

73.7%+26.3pp

Annual return

0.00%

-11.59%+11.6pp

-14.98%+15.0pp

12.16%-12.2pp

Employer contribution / active EE

$4,576

$2,907+57.4%

$4,232+8.1%

$2,846+60.8%

Participant deferral / active EE

$4,705-100.0%

$5,601-100.0%

$4,805-100.0%

Admin fee / account holder

$65

$116-43.6%

$10,328-99.4%

$133-50.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER RETIREMENT, LLC

Service code 13 · EIN 84-1233483

Contract Administrator

$44,181

MARSHALL & MOSS PAYROLL COMPLIANCE1+ years

Filed as: MARSHALL AND MOSS, LLP

Service code 10 · EIN 11-3360166

Accounting

$33,750

CARY KANE LLP1+ years

Filed as: CARY KANE, LLP

Service code 29 · EIN 20-1942442

Legal

$20,000

PROSKAUER ROSE LLP1+ years

Filed as: PROSKAUER ROSE, LLP

Service code 29 · EIN 13-1840454

Legal

$20,000

NOVAK FRANCELLA LLC1+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$18,600

LOCAL 812 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 812 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