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 (2024) 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 2024

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

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$244M

-8.9% from 2017

Total participants

1,957

+5.5% from 2017

Average account balance

No prior year

Annual return

9.76%

-13.63 pp from 2017

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2024

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 22 by compensation

Provider	Service type	Compensation
RAEL & LETSON9+ years Service code 11 · EIN 94-1701048	Actuarial	$115,784
BRIDGEWAY BENEFIT TECHNOLOGIES1 year Service code 15 · EIN 52-1796473	Recordkeeping	$99,267
NEWTOWER TRUST COMPANY7 years Filed as: NEW TOWER TRUST COMPANY Service code 50 · EIN 30-0872552	Direct Payment	$84,649
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE #1 Service code 30 · EIN 94-1268305	Employee (plan)	$77,664
US BANK9+ years Service code 21 · EIN 31-0841368	Bank Trustee	$71,506
PANAGORA ASSET MANAGEMENT9+ years Filed as: PANAGORA ASSET Service code 50 · EIN 04-3063840	Direct Payment	$64,214
EMPLOYEE 51 year Filed as: EMPLOYEE #4 Service code 30 · EIN 94-1268305	Employee (plan)	$56,049
EMPLOYEE 51 year Filed as: EMPLOYEE #5 Service code 30 · EIN 94-1268305	Employee (plan)	$55,224
EMPLOYEE 51 year Filed as: EMPLOYEE #3 Service code 30 · EIN 94-1268305	Employee (plan)	$54,158
KRAW LAW GROUP8 years Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 32-0465891	Legal	$53,636

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

$1631 / participant

Recordkeeping$61K4.0%
Trustee / custodial$29K1.9%
Investment mgmt$478K31.4%
Legal$70K4.6%
Actuarial$159K10.4%
Salaries / allowances$291K19.1%
Other / not subdivided$434K28.5%

% of EOY assets

0.624%

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: $39,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

9.76%

11.08%-1.3pp

8.10%+1.7pp

8.76%+1.0pp

Employer contribution / active EE

$19,734

$13,910+41.9%

$28,649-31.1%

$16,664+18.4%

Participant deferral / active EE

$6,458-100.0%

$10-100.0%

$948-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

RAEL & LETSON9+ years

Service code 11 · EIN 94-1701048

Actuarial

$115,784

BRIDGEWAY BENEFIT TECHNOLOGIES1 year

Service code 15 · EIN 52-1796473

Recordkeeping

$99,267

NEWTOWER TRUST COMPANY7 years

Filed as: NEW TOWER TRUST COMPANY

Service code 50 · EIN 30-0872552

Direct Payment

$84,649

EMPLOYEE FIDUCIARY, LLC1 year

Filed as: EMPLOYEE #1

Service code 30 · EIN 94-1268305

Employee (plan)

$77,664

US BANK9+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$71,506

PANAGORA ASSET MANAGEMENT9+ years

Filed as: PANAGORA ASSET

Service code 50 · EIN 04-3063840

Direct Payment

$64,214

EMPLOYEE 51 year

Filed as: EMPLOYEE #4

Service code 30 · EIN 94-1268305

Employee (plan)

$56,049

EMPLOYEE 51 year

Filed as: EMPLOYEE #5

Service code 30 · EIN 94-1268305

Employee (plan)

$55,224

EMPLOYEE 51 year

Filed as: EMPLOYEE #3

Service code 30 · EIN 94-1268305

Employee (plan)

$54,158

KRAW LAW GROUP8 years

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 32-0465891

Legal

$53,636

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