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FORM 5500 DATA

Boilermakers Lodge No. 154 Retirement Fund

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan07/01/1978
  • Net Assets as of 12/31/2019 $150,610,400
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants7,156
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits19
  • Subtotal7,175
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits36
  • Total7,211
  • Total number of participants as of 01/01/20199,362
  • Number of participants with account balances6,553
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1000 Cliffmine Rd, Suite 101 Park West One
  • CityPittsburgh
  • StatePA
  • Zip15275
  • Telephone(412) 545-5888
  • EIN25-1340130
  • Industry Code238900

Audit Information

  • Audit StatusAudited
  • AuditorPacker Thomas
  • Auditor EIN34-1667340
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $30,011,227
Contributions $9,432,058
Cash Contributions $9,432,058
Cash from Employers $9,330,005
Cash from Participants $0
Others (including rollovers) $102,053
Noncash Contributions $0
Total Earnings on Investments $20,579,169
Total Interest $2,543,486
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $1,311,186
Loans (other than to participants) $0
Participant Loans $1,232,300
Interest from Other Investments $0
Total Dividends $1,585,829
Preferred Stock $0
Common Stock $1,585,829
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $16,449,854
Real Estate $0
Other $16,449,854
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $13,061,962
Total Benefit Payments $10,626,769
Directly to participants or beneficiaries, including direct rollovers $9,502,337
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $1,124,432
Corrective Distributions $0
Certain deemed distributions of participant loans $74,316
Interest expense $0
Total Administrative Expenses $2,360,877
Professional Fees $101,561
Contract Administrator Fees $148,500
Investment Advisory and management fees $698,698
Other Administrative Fees $1,412,118
Net Income $16,949,265
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $150,811,659 $133,851,194 12.67%
Total noninterest-bearing cash $962,525 $1,657,921 -41.94%
Receivables $1,645,701 $985,120 67.06%
Employer Contributions $570,598 $693,551 -17.73%
Participant Contributions $0 $0 0.0%
Other Contributions $1,075,103 $291,569 268.73%
General Investments $19,218,472 $12,279,348 56.51%
Interest-bearing cash $7,423,558 $3,248,964 128.49%
U.S. Government Securities $11,794,914 $9,030,384 30.61%
Corporate Debt Instruments $19,122,997 $21,688,792 -11.83%
Preferred $0 $0 0.0%
All Other $19,122,997 $21,688,792 -11.83%
Corporate Stocks $36,016,907 $28,798,392 25.07%
Preferred $0 $0 0.0%
Common $36,016,907 $28,798,392 25.07%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $11,030,256 $11,626,730 -5.13%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $42,248,567 $31,654,664 33.47%
Value of funds held in insurance co. general account $20,355,442 $24,954,118 -18.43%
Other Investments $210,792 $206,109 2.27%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $201,259 $190,059 5.89%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $201,259 $190,059 5.89%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $150,610,400 $133,661,135 12.68%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
John Hancock Investment management NONE $283,939 $0 $283,939
Path Administrators Contract Administrator NONE $148,500 $0 $148,500
Captrust Advisors Investment management NONE $110,000 $0 $110,000
Sawgrass Asset Management Investment management NONE $58,339 $0 $58,339
Scp Investments Investment management NONE $56,758 $0 $56,758
Meyer Unkovic & Scott Legal NONE $56,719 $0 $56,719
Manning & Napier Investment management NONE $35,511 $0 $35,511
Packer Thomas Accounting (including auditing) NONE $32,842 $0 $32,842
The Swarthmore Group Investment management NONE $28,604 $0 $28,604
Boyd Watterson Investment management NONE $23,254 $0 $23,254
Great Lakes Advisors Investment management NONE $20,697 $0 $20,697
Integrity Asset Management Investment management NONE $17,235 $0 $17,235
Foundry Partners Investment management NONE $14,100 $0 $14,100
Cbiz Retirement Plan Services Valuation (appraisals, etc.) NONE $12,000 $0 $12,000
Fiducia Group Investment management NONE $10,000 $0 $10,000
Total $908,498 $0 $908,498

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Fidelity & Guaranty Life 13
EIN
Industry Code 00000
Contract Number L9224360
Contract Year — 12/31/2019
Value in General Account at Year End $6,903,481
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract INDIVIDUAL POLICIES
Balance at the end of the previous year $7,252,238
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $7,252,238
Deductions $348,757
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $348,757
Balance at the end of the current year $6,903,481
National Western Life 6
EIN 34-0467208
Industry Code 66850
Contract Number M1349
Contract Year — 12/31/2019
Value in General Account at Year End $5,222,756
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract INDIVIDUAL POLICIES
Balance at the end of the previous year $5,485,340
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $5,485,340
Deductions $262,584
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $262,584
Balance at the end of the current year $5,222,756
American Equity Life 6
EIN
Industry Code 00000
Contract Number 822734
Contract Year — 12/31/2019
Value in General Account at Year End $8,229,205
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract INDIVIDUAL POLICIES
Balance at the end of the previous year $8,093,069
Additions $136,136
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $136,136
Total of Balance and Additions $8,229,205
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $8,229,205
North American Life 0
EIN
Industry Code 00000
Contract Number 8000110937
Contract Year — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract INDIVIDUAL POLICIES
Balance at the end of the previous year $3,794,243
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $3,794,243
Deductions $3,794,243
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $3,794,243
Balance at the end of the current year $0
Athene Annuity and Life 0
EIN
Industry Code 00000
Contract Number 597951
Contract Year — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract INDIVIDUAL POLICY
Balance at the end of the previous year $329,228
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $329,228
Deductions $329,228
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $329,228
Balance at the end of the current year $0