Retirement plan

HANFORD MULTI-EMPLOYER PENSION PLAN

Name: HANFORD PENSION & SAVINGS PLANS COMMITTEE - HANFORD MULTI-EMPLOYER PENSION PLAN (2023) Form 5500
Creator: HANFORD PENSION & SAVINGS PLANS COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANFORD MULTI-EMPLOYER PENSION PLAN, HANFORD PENSION & SAVINGS PLANS COMMITTEE

HANFORD PENSION & SAVINGS PLANS COMMITTEEEIN 90-0501441Plan #003PY 2023

PO BOX 943, MSIN H3-08 - RICHLAND, WA 99352509-372-3323

Other plans on this EIN

2 filings

#002Retirement-$1.23B assets #004Retirement-$669.6M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$1214M

-5.0% from 2016

Total participants

7,998

+1.9% from 2016

Average account balance

No prior year

Annual return

10.06%

-5.51 pp from 2016

Benchmarks

See 831 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort831 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.23B

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

6,404

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

$84.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$64K

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

+5.72%

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 10 of 19 by compensation

Provider	Service type	Compensation
HANFORD MISSION INTEGRATION SOLUTIO3 years Service code 14 · EIN 83-0947948	Plan Administrator	$1,223,907
INVESCO9+ years Service code 28 · EIN 58-1707262	Investment Management	$942,775
SILCHESTER INTERNATIONAL INVESTORS9+ years Filed as: SILCHESTER Service code 28 · EIN 36-7045783	Investment Management	$779,700
DODGE & COX4 years Service code 28 · EIN 94-1441976	Investment Management	$557,621
T ROWE PRICE RPS INC9+ years Filed as: T ROWE PRICE Service code 28 · EIN 52-0556948	Investment Management	$549,954
ASB CAPITAL MANAGEMENT9+ years Service code 28 · EIN 80-0618452	Investment Management	$409,694
LOOMIS SAYLES7 years Service code 28 · EIN 04-3200030	Investment Management	$300,000
VERUS9+ years Filed as: VERUS ADVISORY, INC Service code 27 · EIN 91-1320111	Advisory (Plan)	$272,497
MERCER9+ years Service code 11 · EIN 13-2834414	Actuarial	$246,611
JP MORGAN INVESTMENT MANAGEMENT INC9+ years Filed as: RANGER INVESTMENT MANAGEMENT LP Service code 28 · EIN 02-0661004	Investment Management	$222,618

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A3H3F

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$7.0M

$4883 / participant

Investment mgmt$5M70.6%
Legal$204K2.9%
Actuarial$247K3.5%
Contract admin$1M17.5%
Other / not subdivided$379K5.4%

% of EOY assets

0.576%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $29,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$337,745-100.0%

$13,363-100.0%

Participation rate

0.0%

2.2%-2.2pp

44.1%-44.1pp

2.2%-2.2pp

Annual return

10.06%

9.11%+0.9pp

9.57%+0.5pp

9.11%+0.9pp

Employer contribution / active EE

$72,609

$12,231+493.6%

$39,814+82.4%

$12,231+493.6%

Participant deferral / active EE

$1,272-100.0%

$46-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

$352,588-100.0%

$125-100.0%

Provider

Service type

Compensation

HANFORD MISSION INTEGRATION SOLUTIO3 years

Service code 14 · EIN 83-0947948

Plan Administrator

$1,223,907

INVESCO9+ years

Service code 28 · EIN 58-1707262

Investment Management

$942,775

SILCHESTER INTERNATIONAL INVESTORS9+ years

Filed as: SILCHESTER

Service code 28 · EIN 36-7045783

Investment Management

$779,700

DODGE & COX4 years

Service code 28 · EIN 94-1441976

Investment Management

$557,621

T ROWE PRICE RPS INC9+ years

Filed as: T ROWE PRICE

Service code 28 · EIN 52-0556948

Investment Management

$549,954

ASB CAPITAL MANAGEMENT9+ years

Service code 28 · EIN 80-0618452

Investment Management

$409,694

LOOMIS SAYLES7 years

Service code 28 · EIN 04-3200030

Investment Management

$300,000

VERUS9+ years

Filed as: VERUS ADVISORY, INC

Service code 27 · EIN 91-1320111

Advisory (Plan)

$272,497

MERCER9+ years

Service code 11 · EIN 13-2834414

Actuarial

$246,611

JP MORGAN INVESTMENT MANAGEMENT INC9+ years

Filed as: RANGER INVESTMENT MANAGEMENT LP

Service code 28 · EIN 02-0661004

Investment Management

$222,618

HANFORD MULTI-EMPLOYER PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANFORD MULTI-EMPLOYER PENSION PLAN

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