Retirement plan

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

Name: JOINT BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST FUND - B.A.C. LOCAL NO. 3 DEFINED CONTRIBUTION PENSION PLAN (2020) Form 5500
Creator: JOINT BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B.A.C. LOCAL NO. 3 DEFINED CONTRIBUTION PENSION PLAN, JOINT BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST FUND

JOINT BOARD OF TRUSTEES, B.A.C. LOCAL NO. 3 PENSION TRUST FUNDEIN 90-0888690Plan #002PY 2020

7180 KOLL CENTER PARKWAY STE 200 - PLEASANTON, CA 945663184925-208-9999

Other plans on this EIN

1 filing

#001Retirement-$145.6M assets

Prospect flagsLow assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$105.5M

-4.0% from 2017

Total participants

4,192

+3.1% from 2017

Average account balance

$25,175

-6.9% from 2017

Annual return

49.77%

-5.29 pp from 2017

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125.51M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

2,695

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

$3.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.00%

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

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

Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
ALGER4 years Filed as: ALFRED ALGER Service code 28 360 PARK AVE SOUTH · NEW YORK, NY 10010	Investment Management	$56,550
BENESYS, INC.5+ years Filed as: BENESYS ADMINSTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$51,631
INDEPENDENT FINANCIAL PARTNERS5+ years Filed as: CHARTWELL INVESTMENT PARTNERS, LP Service code 28 · EIN 23-2891243	Investment Management	$48,388
KRAW LAW GROUP2 years Service code 29 · EIN 77-0171216	Legal	$48,139
INVESTMENT PERFORMANCE SERVICES5+ years Service code 28 · EIN 58-1645832	Investment Management	$46,285
LOOMIS SAYLES2 years Filed as: LOOMIS SAYLES & COMPANY Service code 28 · EIN 84-6391546	Investment Management	$40,833
WEDGE CAPITAL MANAGEMENT5+ years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 28 1801 EAST 9TH STREET, SUITE 1400 · CLEVELAND, OH 44114	Investment Management	$38,880
EIDE BAILLY LLP1 year Service code 10 · EIN 45-0250958	Accounting	$38,114
VICTORY1 year Service code 28 · EIN 26-3761443	Investment Management	$36,800
WELLINGTON TRUST COMPANY5+ years Filed as: WELLINGTON TRUST Service code 28 · EIN 04-2683227	Investment Management	$27,310

Plan features & details

Pension benefit codes2C

Plan features

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

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$488K

$714 / participant

Investment mgmt$264K54.2%
Contract admin$52K10.6%
Other / not subdivided$172K35.2%

% of EOY assets

0.462%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,175

$111,608-77.4%

$177,839-85.8%

$73,415-65.7%

Participation rate

100.0%

87.9%+12.1pp

87.7%+12.3pp

72.2%+27.8pp

Annual return

49.77%

18.23%+31.5pp

48.33%+1.4pp

59.30%-9.5pp

Employer contribution / active EE

$3,464

$3,796-8.7%

$5,919-41.5%

$2,234+55.1%

Participant deferral / active EE

$6,199-100.0%

$7,714-100.0%

$3,806-100.0%

Admin fee / account holder

$116

$166-29.7%

$12,432-99.1%

$158-26.3%

Provider

Service type

Compensation

ALGER4 years

Filed as: ALFRED ALGER

Service code 28

360 PARK AVE SOUTH · NEW YORK, NY 10010

Investment Management

$56,550

BENESYS, INC.5+ years

Filed as: BENESYS ADMINSTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$51,631

INDEPENDENT FINANCIAL PARTNERS5+ years

Filed as: CHARTWELL INVESTMENT PARTNERS, LP

Service code 28 · EIN 23-2891243

Investment Management

$48,388

KRAW LAW GROUP2 years

Service code 29 · EIN 77-0171216

Legal

$48,139

INVESTMENT PERFORMANCE SERVICES5+ years

Service code 28 · EIN 58-1645832

Investment Management

$46,285

LOOMIS SAYLES2 years

Filed as: LOOMIS SAYLES & COMPANY

Service code 28 · EIN 84-6391546

Investment Management

$40,833

WEDGE CAPITAL MANAGEMENT5+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 28

1801 EAST 9TH STREET, SUITE 1400 · CLEVELAND, OH 44114

Investment Management

$38,880

EIDE BAILLY LLP1 year

Service code 10 · EIN 45-0250958

Accounting

$38,114

VICTORY1 year

Service code 28 · EIN 26-3761443

Investment Management

$36,800

WELLINGTON TRUST COMPANY5+ years

Filed as: WELLINGTON TRUST

Service code 28 · EIN 04-2683227

Investment Management

$27,310

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B.A.C. LOCAL NO. 3 DEFINED CONTRIBUTION 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