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 (2018) 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 2018

PO BOX 191030 - SACRAMENTO, CA 95819916-457-0821

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$172.9M

-8.9% from 2017

Total participants

1,670

+5.5% from 2017

Average account balance

No prior year

Annual return

6.18%

-13.63 pp from 2017

Benchmarks

See 194 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort194 peers

Snapshot2018

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 24 by compensation

Provider	Service type	Compensation
RAEL & LETSON1 year Filed as: RAEL AND LETSON Service code 11 · EIN 94-1701048	Actuarial	$124,302
SYSTEMATIC FINANCIAL MANAGEMENT3+ years Filed as: SYSTEMATIC Service code 52 · EIN 22-3367558	Indirect Investment Fees	$96,133
NEWTOWER TRUST COMPANY1 year Filed as: NEW TOWER TRUST COMPANY Service code 51 · EIN 30-0872552	Investment Mgmt Fees	$68,718
CHRIS MCDANIEL3+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$67,586
WASHINGTON CAPITAL MANAGEMENT, INC.2 years Service code 28 · EIN 91-1042342	Investment Management	$59,334
US BANK3+ years Service code 21 · EIN 31-0841368	Bank Trustee	$53,768
BELINDA HIBBARD3+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$48,791
CONNIE HIBBARD3+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$48,383
BRAD BERNEL1 year Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$47,243
ALISA MUELLER3+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$46,698

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

1 tripped

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

$1.2M

$1765 / participant

Investment mgmt$471K39.0%
Contract admin$444K36.8%
Other / not subdivided$292K24.2%

% of EOY assets

0.698%

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

$61,831-100.0%

$245,396-100.0%

$18,026,966-100.0%

Participation rate

0.0%

0.0%0pp

43.0%-43.0pp

1.8%-1.8pp

Annual return

6.18%

4.25%+1.9pp

-752.26%+758.4pp

0.19%+6.0pp

Employer contribution / active EE

$15,075

$11,906+26.6%

$31,802-52.6%

$13,763+9.5%

Participant deferral / active EE

$1,467-100.0%

$47-100.0%

$804-100.0%

Admin fee / account holder

$593-100.0%

$1,223-100.0%

$426-100.0%

Provider

Service type

Compensation

RAEL & LETSON1 year

Filed as: RAEL AND LETSON

Service code 11 · EIN 94-1701048

Actuarial

$124,302

SYSTEMATIC FINANCIAL MANAGEMENT3+ years

Filed as: SYSTEMATIC

Service code 52 · EIN 22-3367558

Indirect Investment Fees

$96,133

NEWTOWER TRUST COMPANY1 year

Filed as: NEW TOWER TRUST COMPANY

Service code 51 · EIN 30-0872552

Investment Mgmt Fees

$68,718

CHRIS MCDANIEL3+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$67,586

WASHINGTON CAPITAL MANAGEMENT, INC.2 years

Service code 28 · EIN 91-1042342

Investment Management

$59,334

US BANK3+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$53,768

BELINDA HIBBARD3+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$48,791

CONNIE HIBBARD3+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$48,383

BRAD BERNEL1 year

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$47,243

ALISA MUELLER3+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$46,698

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