Retirement plan

B.A.C. LOCAL NO. 3 PENSION PLAN

Name: BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST - B.A.C. LOCAL NO. 3 PENSION PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B.A.C. LOCAL NO. 3 PENSION PLAN, BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST

BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUSTEIN 90-0888690Plan #001PY 2024

7180 KOLL CENTER PKWY STE 200 - PLEASANTON, CA 94566925-208-9999

Other plans on this EIN

1 filing

#002Retirement-$121.6M assets

Prospect flagsHigh retiree %Low participationLow employer contribution

How to read this page

Total assets (EOY)

$178.4M

-9.3% from 2017

Total participants

1,882

-7.3% from 2017

Average account balance

No prior year

Annual return

8.30%

-11.53 pp from 2017

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$188.23M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

1,037

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

$6.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+7.79%

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 17 by compensation

Provider	Service type	Compensation
BENESYS, INC.1 year Filed as: BENESYS INC. Service code 14 · EIN 38-2383171	Plan Administrator	$225,842
WEDGE CAPITAL MANAGEMENT4 years Service code 51 · EIN 54-1557450	Investment Mgmt Fees	$85,449
INVESTMENT PERFORMANCE SERVICES7 years Service code 16 · EIN 58-1645832	Consulting	$82,500
LOOMIS SAYLES7 years Filed as: LOOMIS SAYLES & COMPANY Service code 51 · EIN 84-6391546	Investment Mgmt Fees	$73,183
RBC GLOBAL ASSET MANAGEMENT2 years Service code 51 · EIN 41-1460668	Investment Mgmt Fees	$64,780
NWPS2 years Service code 11 · EIN 04-3721424	Actuarial	$55,494
AMERICAN REALTY ADVISORS2 years Filed as: AMERICAN REALTY ADVISORS LLC Service code 51 · EIN 33-0123114	Investment Mgmt Fees	$51,425
MILLER KAPLAN ARASE LLP1 year Service code 10 · EIN 95-2036255	Accounting	$49,000
KRAW LAW GROUP9+ years Service code 29 · EIN 77-0171216	Legal	$40,807
GREAT LAKE ADVISORS2 years Service code 51 · EIN 59-2385219	Investment Mgmt Fees	$37,772

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$1.0M

$1227 / participant

Recordkeeping$19K1.8%
Trustee / custodial$11K1.0%
Investment mgmt$513K49.4%
Legal$45K4.3%
Actuarial$55K5.3%
Other trustee fees$17K1.6%
Contract admin$226K21.7%
Other / not subdivided$154K14.8%

% of EOY assets

0.583%

all-in expense ratio

Categories reported

7 / 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: $49,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

8.30%

11.08%-2.8pp

8.10%+0.2pp

8.76%-0.5pp

Employer contribution / active EE

$7,905

$13,910-43.2%

$28,649-72.4%

$16,664-52.6%

Participant deferral / active EE

$6,458-100.0%

$10-100.0%

$948-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

BENESYS, INC.1 year

Filed as: BENESYS INC.

Service code 14 · EIN 38-2383171

Plan Administrator

$225,842

WEDGE CAPITAL MANAGEMENT4 years

Service code 51 · EIN 54-1557450

Investment Mgmt Fees

$85,449

INVESTMENT PERFORMANCE SERVICES7 years

Service code 16 · EIN 58-1645832

Consulting

$82,500

LOOMIS SAYLES7 years

Filed as: LOOMIS SAYLES & COMPANY

Service code 51 · EIN 84-6391546

Investment Mgmt Fees

$73,183

RBC GLOBAL ASSET MANAGEMENT2 years

Service code 51 · EIN 41-1460668

Investment Mgmt Fees

$64,780

NWPS2 years

Service code 11 · EIN 04-3721424

Actuarial

$55,494

AMERICAN REALTY ADVISORS2 years

Filed as: AMERICAN REALTY ADVISORS LLC

Service code 51 · EIN 33-0123114

Investment Mgmt Fees

$51,425

MILLER KAPLAN ARASE LLP1 year

Service code 10 · EIN 95-2036255

Accounting

$49,000

KRAW LAW GROUP9+ years

Service code 29 · EIN 77-0171216

Legal

$40,807

GREAT LAKE ADVISORS2 years

Service code 51 · EIN 59-2385219

Investment Mgmt Fees

$37,772

B.A.C. LOCAL NO. 3 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B.A.C. LOCAL NO. 3 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