Retirement plan

I.A.T.S.E. LOCAL 16 PENSION PLAN

Name: I.A.T.S.E. LOCAL 16 PENSION PLAN TRUSTEES - I.A.T.S.E. LOCAL 16 PENSION PLAN (2023) Form 5500
Creator: I.A.T.S.E. LOCAL 16 PENSION PLAN TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.A.T.S.E. LOCAL 16 PENSION PLAN, I.A.T.S.E. LOCAL 16 PENSION PLAN TRUSTEES

I.A.T.S.E. LOCAL 16 PENSION PLAN TRUSTEESEIN 94-6296420Plan #001PY 2023

7180 KOLL CENTER PARKWAY, SUITE 200 - PLEASANTON, CA 94566925-208-9999

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$269.9M

-7.0% from 2016

Total participants

4,156

-7.6% from 2016

Average account balance

No prior year

Annual return

8.49%

-5.59 pp from 2016

Benchmarks

See 831 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort831 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$283.38M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

1,533

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

$10.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+7.99%

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 15 by compensation

Provider	Service type	Compensation
BENESYS, INC.1 year Service code 13 · EIN 38-2383171	Contract Administrator	$238,593
INVESCO1 year Filed as: INVESCO ADVISERS, INC. Service code 28 · EIN 58-1707262	Investment Management	$149,069
RAEL & LETSON9+ years Filed as: RAEL AND LETSON Service code 11 · EIN 94-1701048	Actuarial	$141,090
VERUS1 year Filed as: VERUS ADVISORY, INC. Service code 27 · EIN 91-1320111	Advisory (Plan)	$130,000
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUMSMITH+BROWN, P.C. Service code 10 · EIN 22-2027092	Accounting	$123,260
WEINBERG, ROGER & ROSENFELD1 year Filed as: WEINBERG, ROGER, AND ROSENFELD Service code 29 · EIN 94-2458080	Legal	$75,022
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN REALTY ADVISORS, LLC Service code 28 515 S. FLOWER STREET, 49TH FLOOR · LOS ANGELES, CA 90071	Investment Management	$28,125
CIM GROUP LLC1 year Filed as: CIM GROUP Service code 28 4700 WILSHIRE BOULEVARD · LOS ANGELES, CA 90010	Investment Management	$28,125
AMALGAMATED BANK9+ years Service code 19 · EIN 13-4920330	Securities Custodian	$24,507
SMART SOURCE LLC1 year Filed as: SMART SOURCE, LLC Service code 36 · EIN 30-0830429	Copying and duplicating; Direct payme...	$22,868

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A3B

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$483 / participant

Recordkeeping$89K6.8%
Trustee / custodial$25K1.9%
Investment mgmt$213K16.3%
Legal$75K5.7%
Actuarial$141K10.8%
Other trustee fees$21K1.6%
Contract admin$228K17.4%
Other / not subdivided$515K39.4%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $34,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$339,002-100.0%

$13,363-100.0%

Participation rate

0.0%

2.2%-2.2pp

39.1%-39.1pp

2.2%-2.2pp

Annual return

8.49%

9.11%-0.6pp

12.78%-4.3pp

9.11%-0.6pp

Employer contribution / active EE

$4,100

$12,231-66.5%

$44,816-90.9%

$12,231-66.5%

Participant deferral / active EE

$1,272-100.0%

$33-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

$2,002-100.0%

$125-100.0%

Provider

Service type

Compensation

BENESYS, INC.1 year

Service code 13 · EIN 38-2383171

Contract Administrator

$238,593

INVESCO1 year

Filed as: INVESCO ADVISERS, INC.

Service code 28 · EIN 58-1707262

Investment Management

$149,069

RAEL & LETSON9+ years

Filed as: RAEL AND LETSON

Service code 11 · EIN 94-1701048

Actuarial

$141,090

VERUS1 year

Filed as: VERUS ADVISORY, INC.

Service code 27 · EIN 91-1320111

Advisory (Plan)

$130,000

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUMSMITH+BROWN, P.C.

Service code 10 · EIN 22-2027092

Accounting

$123,260

WEINBERG, ROGER & ROSENFELD1 year

Filed as: WEINBERG, ROGER, AND ROSENFELD

Service code 29 · EIN 94-2458080

Legal

$75,022

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN REALTY ADVISORS, LLC

Service code 28

515 S. FLOWER STREET, 49TH FLOOR · LOS ANGELES, CA 90071

Investment Management

$28,125

CIM GROUP LLC1 year

Filed as: CIM GROUP

Service code 28

4700 WILSHIRE BOULEVARD · LOS ANGELES, CA 90010

Investment Management

$28,125

AMALGAMATED BANK9+ years

Service code 19 · EIN 13-4920330

Securities Custodian

$24,507

SMART SOURCE LLC1 year

Filed as: SMART SOURCE, LLC

Service code 36 · EIN 30-0830429

Copying and duplicating; Direct payme...

$22,868

I.A.T.S.E. LOCAL 16 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.A.T.S.E. LOCAL 16 PENSION PLAN

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