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 (2021) 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 2021

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

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$225.9M

-8.9% from 2017

Total participants

1,849

+5.5% from 2017

Average account balance

No prior year

Annual return

20.68%

-13.63 pp from 2017

Benchmarks

See 253 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort253 peers

Snapshot2021

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

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Service providers

Top 10 of 20 by compensation

Provider	Service type	Compensation
RAEL & LETSON6+ years Service code 11 · EIN 94-1701048	Actuarial	$125,306
WASHINGTON CAPITAL MANAGEMENT, INC.5 years Service code 51 · EIN 91-1042342	Investment Mgmt Fees	$83,178
NEWTOWER TRUST COMPANY4 years Filed as: NEW TOWER TRUST COMPANY Service code 51 · EIN 30-0872552	Investment Mgmt Fees	$77,548
CHRIS MCDANIEL6+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$71,699
US BANK6+ years Service code 21 · EIN 31-0841368	Bank Trustee	$63,895
BRAD BERNEL4 years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$55,157
ALISA MUELLER6+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$54,546
PANAGORA ASSET MANAGEMENT6+ years Filed as: PANAGORA ASSET Service code 51 · EIN 04-3063840	Investment Mgmt Fees	$53,420
CONNIE HIBBARD6+ years Service code 14 5841 NEWMAN CT · SACRAMENTO, CA 95819	Plan Administrator	$52,718
CALIBER WEALTH MANAGEMENT LLC5 years Filed as: CALIBER NETWORK SOLUTIONS Service code 15 1317 HELFORD LN · CARMEL, IN 46032	Recordkeeping	$45,274

Enrolled actuary

1 attachment

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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

$1.3M

$1564 / participant

Investment mgmt$514K39.0%
Contract admin$495K37.6%
Other / not subdivided$309K23.4%

% of EOY assets

0.583%

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

$533,469-100.0%

$201,582-100.0%

$1,472,696-100.0%

Participation rate

0.0%

0.0%0pp

23.6%-23.6pp

0.7%-0.7pp

Annual return

20.68%

24.46%-3.8pp

11.08%+9.6pp

13.24%+7.4pp

Employer contribution / active EE

$15,627

$11,981+30.4%

$28,418-45.0%

$14,616+6.9%

Participant deferral / active EE

$86-100.0%

$830-100.0%

Admin fee / account holder

$5,364-100.0%

$6,559-100.0%

$4,137-100.0%

Provider

Service type

Compensation

RAEL & LETSON6+ years

Service code 11 · EIN 94-1701048

Actuarial

$125,306

WASHINGTON CAPITAL MANAGEMENT, INC.5 years

Service code 51 · EIN 91-1042342

Investment Mgmt Fees

$83,178

NEWTOWER TRUST COMPANY4 years

Filed as: NEW TOWER TRUST COMPANY

Service code 51 · EIN 30-0872552

Investment Mgmt Fees

$77,548

CHRIS MCDANIEL6+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$71,699

US BANK6+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$63,895

BRAD BERNEL4 years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$55,157

ALISA MUELLER6+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$54,546

PANAGORA ASSET MANAGEMENT6+ years

Filed as: PANAGORA ASSET

Service code 51 · EIN 04-3063840

Investment Mgmt Fees

$53,420

CONNIE HIBBARD6+ years

Service code 14

5841 NEWMAN CT · SACRAMENTO, CA 95819

Plan Administrator

$52,718

CALIBER WEALTH MANAGEMENT LLC5 years

Filed as: CALIBER NETWORK SOLUTIONS

Service code 15

1317 HELFORD LN · CARMEL, IN 46032

Recordkeeping

$45,274

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