Retirement plan

U.A. LOCAL 38 DEFINED CONTRIBUTION PENSION PLAN

Name: BOARD OF TRUSTEES OF U.A. LOCAL 38 TRUST FUNDS - U.A. LOCAL 38 DEFINED CONTRIBUTION PENSION PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES OF U.A. LOCAL 38 TRUST FUNDS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL 38 DEFINED CONTRIBUTION PENSION PLAN, BOARD OF TRUSTEES OF U.A. LOCAL 38 TRUST FUNDS

BOARD OF TRUSTEES OF U.A. LOCAL 38 TRUST FUNDSEIN 94-1285319Plan #002PY 2020

1625 MARKET STREET - SAN FRANCISCO, CA 941031217415-626-2000

Other plans on this EIN

1 filing

#001Retirement-$370.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$151.9M

-13.4% from 2017

Total participants

2,118

-0.5% from 2017

Average account balance

$71,699

-12.9% from 2017

Annual return

3.42%

-11.14 pp from 2017

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$210.64M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

2,135

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+7.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$758

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
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 19 · EIN 26-4310632	Securities Custodian	$373,881
BAKER & MCKENZIE LLP5+ years Filed as: BAKER & MCKENZIE Service code 29 · EIN 36-2137456	Legal	$129,364
LOOMIS SAYLES2 years Filed as: LOOMIS, SAYLES & COMPANY, LP Service code 28 · EIN 04-3200030	Investment Management	$114,529
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 28 270 PARK AVE · NEW YORK CITY, NY 11001	Investment Management	$84,446
RIVERBRIDGE PARTNERS5+ years Filed as: RIVERBRIDGE PARTNERS LLC Service code 28 · EIN 41-1930193	Investment Management	$69,470
ENERGY INCOME PARTNERS5+ years Service code 28 49 RIVERSIDE AVENUE · WESTPORT, CT 06880	Investment Management	$46,356
AB FUNDS5+ years Filed as: ALLIANCE BERNSTEIN, LP Service code 28 · EIN 13-4064930	Investment Management	$34,114
POLEN CAPITAL5+ years Filed as: POLEN CAPITAL MANAGEMENT, LLC Service code 28 · EIN 26-0319356	Investment Management	$31,843
SILVERCREST ASSET MANAGEMENT GROUP4 years Filed as: SILVERCREST Service code 28 1330 POST OAK BLVD SUITE 900 · HOUSTON, TX 77056	Investment Management	$28,627
LINDQUIST LLP5+ years Service code 10 · EIN 52-2385296	Accounting	$28,077

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

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

$1.1M

$543 / participant

Investment mgmt$809K76.9%
Contract admin$19K1.8%
Other / not subdivided$224K21.3%

% of EOY assets

0.693%

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: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,699

$81,719-12.3%

$101,275-29.2%

$90,274-20.6%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

3.42%

337.64%-334.2pp

46.46%-43.0pp

53.97%-50.6pp

Employer contribution / active EE

$6,468

$3,622+78.6%

$3,660+76.7%

$2,523+156.3%

Participant deferral / active EE

$3,310-100.0%

$4,370-100.0%

$4,231-100.0%

Admin fee / account holder

$497

$162+206.8%

$5,948-91.6%

$114+335.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 19 · EIN 26-4310632

Securities Custodian

$373,881

BAKER & MCKENZIE LLP5+ years

Filed as: BAKER & MCKENZIE

Service code 29 · EIN 36-2137456

Legal

$129,364

LOOMIS SAYLES2 years

Filed as: LOOMIS, SAYLES & COMPANY, LP

Service code 28 · EIN 04-3200030

Investment Management

$114,529

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 28

270 PARK AVE · NEW YORK CITY, NY 11001

Investment Management

$84,446

RIVERBRIDGE PARTNERS5+ years

Filed as: RIVERBRIDGE PARTNERS LLC

Service code 28 · EIN 41-1930193

Investment Management

$69,470

ENERGY INCOME PARTNERS5+ years

Service code 28

49 RIVERSIDE AVENUE · WESTPORT, CT 06880

Investment Management

$46,356

AB FUNDS5+ years

Filed as: ALLIANCE BERNSTEIN, LP

Service code 28 · EIN 13-4064930

Investment Management

$34,114

POLEN CAPITAL5+ years

Filed as: POLEN CAPITAL MANAGEMENT, LLC

Service code 28 · EIN 26-0319356

Investment Management

$31,843

SILVERCREST ASSET MANAGEMENT GROUP4 years

Filed as: SILVERCREST

Service code 28

1330 POST OAK BLVD SUITE 900 · HOUSTON, TX 77056

Investment Management

$28,627

LINDQUIST LLP5+ years

Service code 10 · EIN 52-2385296

Accounting

$28,077

U.A. LOCAL 38 DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL 38 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