Retirement plan

IRONWORKERS DISTRICT COUNCIL OF THE PACIFIC NW FIELD IRONWORKERS ANNUITY TRUST FUND

Name: IRONWORKERS DISTRICT COUNCIL OF THE PACI FIELD IRONWORKERS ANNUITY TRU - IRONWORKERS DISTRICT COUNCIL OF THE PACIFIC NW FIELD IRONWORKERS ANNUITY TRUST FUND (2023) Form 5500
Creator: IRONWORKERS DISTRICT COUNCIL OF THE PACI FIELD IRONWORKERS ANNUITY TRU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRONWORKERS DISTRICT COUNCIL OF THE PACIFIC NW FIELD IRONWORKERS ANNUITY TRUST FUND, IRONWORKERS DISTRICT COUNCIL OF THE PACI FIELD IRONWORKERS ANNUITY TRU

IRONWORKERS DISTRICT COUNCIL OF THE PACI FIELD IRONWORKERS ANNUITY TRUEIN 91-1342114Plan #002PY 2023

7525 S.E. 24TH STREET, SUITE 200 - MERCER ISLAND, WA 98040206-441-7574

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$483.7M

-6.1% from 2017

Total participants

7,958

-2.8% from 2017

Average account balance

$72,377

No prior year

Annual return

5.89%

+2.02 pp from 2017

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$593.77M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

6,344

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.46M

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

+6.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$387

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 14 by compensation

Provider	Service type	Compensation
WASHINGTON CAPITAL MANAGEMENT, INC.5 years Filed as: WASHINGTON CAPITAL MANAGEMENT, INC Service code 28 · EIN 91-1042342	Investment Management	$475,279
MILLIMAN, INC.3 years Service code 11 · EIN 91-0675641	Actuarial	$314,606
INDEPENDENT FINANCIAL PARTNERS8+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 61-1350302	Investment Management	$246,454
WELFARE & PENSION ADMIN SERVICE INC4 years Filed as: WELFARE & PENSION ADMIN SVC, INC. Service code 12 · EIN 91-1363171	Direct payment from the plan; Recordk...	$214,052
LOOMIS SAYLES4 years Filed as: LOOMIS SAYLES & COMPANY, LP Service code 28 · EIN 04-3200030	Investment Management	$164,680
HOOD RIVER CAPITAL MANAGEMENT5 years Service code 28 · EIN 46-1294859	Investment Management	$133,889
MATRIX TRUST COMPANY5 years Service code 18 · EIN 75-3182674	Custodial (other than securities); Di...	$101,576
THE SEGAL COMPANY4 years Filed as: SEGAL SELECT INSURANCE SVCS, INC. Service code 22 · EIN 46-0619194	Insurance Broker	$79,106
PANAGORA ASSET MANAGEMENT5 years Filed as: PANAGORA ASSET MANAGEMENT, INC Service code 28 · EIN 04-3063840	Investment Management	$74,690
VERUS4 years Service code 27 · EIN 91-1320111	Advisory (Plan)	$73,750

Plan features & details

Pension benefit codes2F

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).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.0M

$268 / participant

Investment mgmt$1M67.5%
Contract admin$453K22.5%
Other / not subdivided$203K10.1%

% of EOY assets

0.417%

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: ANASTASI, MOORE, & MARTIN PPLC
Auditor EIN: 208149084
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,377

$129,756-44.2%

$170,055-57.4%

$103,657-30.2%

Participation rate

83.0%

91.3%-8.2pp

87.0%-4.0pp

73.4%+9.7pp

Annual return

5.89%

20.17%-14.3pp

53.43%-47.5pp

33.13%-27.2pp

Employer contribution / active EE

$5,451

$5,236+4.1%

$6,790-19.7%

$3,216+69.5%

Participant deferral / active EE

$8,283-100.0%

$10,410-100.0%

$5,218-100.0%

Admin fee / account holder

$302

$73+314.2%

$12,828-97.6%

$114+164.4%

Provider

Service type

Compensation

WASHINGTON CAPITAL MANAGEMENT, INC.5 years

Filed as: WASHINGTON CAPITAL MANAGEMENT, INC

Service code 28 · EIN 91-1042342

Investment Management

$475,279

MILLIMAN, INC.3 years

Service code 11 · EIN 91-0675641

Actuarial

$314,606

INDEPENDENT FINANCIAL PARTNERS8+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 61-1350302

Investment Management

$246,454

WELFARE & PENSION ADMIN SERVICE INC4 years

Filed as: WELFARE & PENSION ADMIN SVC, INC.

Service code 12 · EIN 91-1363171

Direct payment from the plan; Recordk...

$214,052

LOOMIS SAYLES4 years

Filed as: LOOMIS SAYLES & COMPANY, LP

Service code 28 · EIN 04-3200030

Investment Management

$164,680

HOOD RIVER CAPITAL MANAGEMENT5 years

Service code 28 · EIN 46-1294859

Investment Management

$133,889

MATRIX TRUST COMPANY5 years

Service code 18 · EIN 75-3182674

Custodial (other than securities); Di...

$101,576

THE SEGAL COMPANY4 years

Filed as: SEGAL SELECT INSURANCE SVCS, INC.

Service code 22 · EIN 46-0619194

Insurance Broker

$79,106

PANAGORA ASSET MANAGEMENT5 years

Filed as: PANAGORA ASSET MANAGEMENT, INC

Service code 28 · EIN 04-3063840

Investment Management

$74,690

VERUS4 years

Service code 27 · EIN 91-1320111

Advisory (Plan)

$73,750

IRONWORKERS DISTRICT COUNCIL OF THE PACIFIC NW FIELD IRONWORKERS ANNUITY TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRONWORKERS DISTRICT COUNCIL OF THE PACIFIC NW FIELD IRONWORKERS ANNUITY TRUST 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