Retirement plan

U.A. LOCAL NO. 447 PENSION FUND

Name: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 PENSION FUND - U.A. LOCAL NO. 447 PENSION FUND (2025) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL NO. 447 PENSION FUND, BOARD OF TRUSTEES, U.A. LOCAL NO. 447 PENSION FUND

BOARD OF TRUSTEES, U.A. LOCAL NO. 447 PENSION FUNDEIN 94-6269669Plan #001PY 2025

P.O. BOX 191030 - SACRAMENTO, CA 95819916-457-0821

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$274.4M

-8.9% from 2017

Total participants

2,019

+5.5% from 2017

Average account balance

No prior year

Annual return

9.54%

-13.63 pp from 2017

Benchmarks

See 114 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort114 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$274.39M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

1,027

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

$21.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+9.54%

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 18 by compensation

Provider	Service type	Compensation
RAEL & LETSON10+ years Service code 11 · EIN 94-1701048	Actuarial	$181,133
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 50 · EIN 52-1796473	Direct Payment	$103,123
NEWTOWER TRUST COMPANY8 years Filed as: NEW TOWER TRUST COMPANY Service code 50 · EIN 30-0872552	Direct Payment	$82,638
US BANK10+ years Service code 21 · EIN 31-0841368	Bank Trustee	$82,337
EMPLOYEE FIDUCIARY, LLC2 years Filed as: EMPLOYEE #1 Service code 30 · EIN 94-1268305	Employee (plan)	$80,365
MILLER KAPLAN ARASE LLP10+ years Service code 10 · EIN 95-2036255	Accounting	$70,704
PANAGORA ASSET MANAGEMENT10+ years Filed as: PANAGORA ASSET Service code 50 · EIN 04-3063840	Direct Payment	$69,572
EMPLOYEE FIDUCIARY, LLC2 years Filed as: EMPLOYEE #2 Service code 30 · EIN 94-1268305	Employee (plan)	$60,768
EMPLOYEE 52 years Filed as: EMPLOYEE #3 Service code 30 · EIN 94-1268305	Employee (plan)	$60,048
EMPLOYEE 52 years Filed as: EMPLOYEE #4 Service code 30 · EIN 94-1268305	Employee (plan)	$58,482

Enrolled actuary

1 attachment

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

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$1.5M

$1530 / participant

Recordkeeping$70K4.6%
Trustee / custodial$27K1.8%
Investment mgmt$496K32.7%
Legal$36K2.3%
Actuarial$184K12.1%
Salaries / allowances$260K17.1%
Other / not subdivided$446K29.4%

% of EOY assets

0.553%

all-in expense ratio

Categories reported

6 / 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: $38,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,130-100.0%

Participation rate

0.0%

0.0%0pp

12.5%-12.5pp

0.0%0pp

Annual return

9.54%

8.62%+0.9pp

8.99%+0.5pp

10.52%-1.0pp

Employer contribution / active EE

$21,574

$14,400+49.8%

$25,171-14.3%

$15,140+42.5%

Participant deferral / active EE

$2,028-100.0%

$1-100.0%

$2,028-100.0%

Admin fee / account holder

$1,134-100.0%

Provider

Service type

Compensation

RAEL & LETSON10+ years

Service code 11 · EIN 94-1701048

Actuarial

$181,133

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 50 · EIN 52-1796473

Direct Payment

$103,123

NEWTOWER TRUST COMPANY8 years

Filed as: NEW TOWER TRUST COMPANY

Service code 50 · EIN 30-0872552

Direct Payment

$82,638

US BANK10+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$82,337

EMPLOYEE FIDUCIARY, LLC2 years

Filed as: EMPLOYEE #1

Service code 30 · EIN 94-1268305

Employee (plan)

$80,365

MILLER KAPLAN ARASE LLP10+ years

Service code 10 · EIN 95-2036255

Accounting

$70,704

PANAGORA ASSET MANAGEMENT10+ years

Filed as: PANAGORA ASSET

Service code 50 · EIN 04-3063840

Direct Payment

$69,572

EMPLOYEE FIDUCIARY, LLC2 years

Filed as: EMPLOYEE #2

Service code 30 · EIN 94-1268305

Employee (plan)

$60,768

EMPLOYEE 52 years

Filed as: EMPLOYEE #3

Service code 30 · EIN 94-1268305

Employee (plan)

$60,048

EMPLOYEE 52 years

Filed as: EMPLOYEE #4

Service code 30 · EIN 94-1268305

Employee (plan)

$58,482

U.A. LOCAL NO. 447 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL NO. 447 PENSION FUND

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