Retirement plan

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

Name: BOARD OF TRUSTEES, B.A.C. LOCAL 3 PENSION TRUST FUND - B.A.C. LOCAL NO. 3 DEFINED CONTRIBUTION PENSION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES, B.A.C. LOCAL 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, BOARD OF TRUSTEES, B.A.C. LOCAL 3 PENSION TRUST FUND

BOARD OF TRUSTEES, B.A.C. LOCAL 3 PENSION TRUST FUNDEIN 90-0888690Plan #002PY 2023

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

Other plans on this EIN

1 filing

#001Retirement-$167.7M assets

Prospect flagsLow returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$111.9M

-4.0% from 2017

Total participants

3,099

+3.1% from 2017

Average account balance

$36,096

-6.9% from 2017

Annual return

3.20%

-5.29 pp from 2017

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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 15 by compensation

Provider	Service type	Compensation
BENESYS, INC.3 years Filed as: BENESYS ADMINISTRATION Service code 13 · EIN 38-2383171	Contract Administrator	$58,755
RBC GLOBAL ASSET MANAGEMENT1 year Service code 51 · EIN 41-1460668	Investment Mgmt Fees	$55,962
INDEPENDENT FINANCIAL PARTNERS2 years Filed as: CHARTWELL INVESTMENT PARTNERS LP Service code 51 · EIN 23-2891243	Investment Mgmt Fees	$54,277
INVESTMENT PERFORMANCE SERVICES8+ years Service code 27 · EIN 58-1645832	Advisory (Plan)	$53,750
WEDGE CAPITAL MANAGEMENT8+ years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 51 · EIN 54-1557450	Investment Mgmt Fees	$53,485
ALGER3 years Filed as: FRED ALGER MANAGEMENT LLC Service code 51 360 PARK AVE S · NEY YORK, NY 10010	Investment Mgmt Fees	$49,846
VICTORY1 year Filed as: VICTORY CAPITAL MANAGEMENT Service code 51 · EIN 26-3761443	Investment Mgmt Fees	$44,166
LOOMIS SAYLES5 years Filed as: LOOMIS SAYLES & COMPANY Service code 51 · EIN 84-6391546	Investment Mgmt Fees	$37,956
KRAW LAW GROUP5 years Service code 29 · EIN 77-0171216	Legal	$31,129
GREAT LAKES ADVISORS, LLC2 years Filed as: GREAT LAKES ADVISORS LLC Service code 50 · EIN 80-0292839	Direct Payment	$28,659

Plan features & details

Pension benefit codes2C

Plan features

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

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$578K

$230 / participant

Investment mgmt$418K72.2%
Contract admin$59K10.2%
Other / not subdivided$102K17.6%

% of EOY assets

0.517%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,096

$112,711-68.0%

$170,055-78.8%

$80,187-55.0%

Participation rate

100.0%

87.4%+12.6pp

87.0%+13.0pp

72.9%+27.1pp

Annual return

3.20%

67.06%-63.9pp

53.43%-50.2pp

40.40%-37.2pp

Employer contribution / active EE

$1,156

$4,488-74.2%

$6,790-83.0%

$2,980-61.2%

Participant deferral / active EE

$7,861-100.0%

$10,410-100.0%

$5,016-100.0%

Admin fee / account holder

$187

$99+87.8%

$12,828-98.5%

$145+28.7%

Provider

Service type

Compensation

BENESYS, INC.3 years

Filed as: BENESYS ADMINISTRATION

Service code 13 · EIN 38-2383171

Contract Administrator

$58,755

RBC GLOBAL ASSET MANAGEMENT1 year

Service code 51 · EIN 41-1460668

Investment Mgmt Fees

$55,962

INDEPENDENT FINANCIAL PARTNERS2 years

Filed as: CHARTWELL INVESTMENT PARTNERS LP

Service code 51 · EIN 23-2891243

Investment Mgmt Fees

$54,277

INVESTMENT PERFORMANCE SERVICES8+ years

Service code 27 · EIN 58-1645832

Advisory (Plan)

$53,750

WEDGE CAPITAL MANAGEMENT8+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 51 · EIN 54-1557450

Investment Mgmt Fees

$53,485

ALGER3 years

Filed as: FRED ALGER MANAGEMENT LLC

Service code 51

360 PARK AVE S · NEY YORK, NY 10010

Investment Mgmt Fees

$49,846

VICTORY1 year

Filed as: VICTORY CAPITAL MANAGEMENT

Service code 51 · EIN 26-3761443

Investment Mgmt Fees

$44,166

LOOMIS SAYLES5 years

Filed as: LOOMIS SAYLES & COMPANY

Service code 51 · EIN 84-6391546

Investment Mgmt Fees

$37,956

KRAW LAW GROUP5 years

Service code 29 · EIN 77-0171216

Legal

$31,129

GREAT LAKES ADVISORS, LLC2 years

Filed as: GREAT LAKES ADVISORS LLC

Service code 50 · EIN 80-0292839

Direct Payment

$28,659

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