Retirement plan

PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND

Name: PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND - PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND (2016) Form 5500
Creator: PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND, PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND

PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUNDEIN 04-2564795Plan #003PY 2016

168 CHICOPEE ST - CHICOPEE, MA 010131778413-592-3397ualocal104.orgLinkedIn201-500 employeesfinancial services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$54.9M

No prior year

Total participants

385

No prior year

Average account balance

$153,905

No prior year

Annual return

1.69%

No prior year

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86.82M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

405

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+8.54%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$360

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 5 by compensation

Provider	Service type	Compensation
CARLEY GUILBERT1+ years Service code 10 168 CHICOPEE STREET · CHICOPEE, MA 01013	Accounting	$32,421
NICHOLAS LAPIER CPA PC1+ years Service code 10 71 PARK AVE · WEST SPRINGFIELD, MA 01089	Accounting	$12,547
KRAKOW & SOURIS1+ years Filed as: KRAKOW, SOURIS & LANDRY, LLC Service code 22 225 FRIEND ST · BOSTON, MA 02114	Insurance Broker	$8,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 60	Sub-TA Fees	$0
PLUMBERS & PIPEFITTERS LOCAL NO 1041+ years Service code 14 · EIN 04-2564795	Plan Administrator	$0

Plan features & details

Pension benefit codes2F2G2K2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$72K

$247 / participant

Other / not subdivided$72K100.0%

% of EOY assets

0.132%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NICHOLAS LAPIER CPA PC
Auditor EIN: 320048525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,905

$71,802+114.3%

$133,975+14.9%

$57,658+166.9%

Participation rate

90.4%

85.5%+5.0pp

87.1%+3.4pp

70.2%+20.2pp

Annual return

1.69%

13.51%-11.8pp

29.29%-27.6pp

5.13%-3.4pp

Employer contribution / active EE

$7,377

$3,161+133.3%

$5,211+41.6%

$1,974+273.7%

Participant deferral / active EE

$4,606-100.0%

$6,282-100.0%

$3,061-100.0%

Admin fee / account holder

$203

$88+131.3%

$9,324-97.8%

$95+114.5%

Provider

Service type

Compensation

CARLEY GUILBERT1+ years

Service code 10

168 CHICOPEE STREET · CHICOPEE, MA 01013

Accounting

$32,421

NICHOLAS LAPIER CPA PC1+ years

Service code 10

71 PARK AVE · WEST SPRINGFIELD, MA 01089

Accounting

$12,547

KRAKOW & SOURIS1+ years

Filed as: KRAKOW, SOURIS & LANDRY, LLC

Service code 22

225 FRIEND ST · BOSTON, MA 02114

Insurance Broker

$8,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 60

Sub-TA Fees

PLUMBERS & PIPEFITTERS LOCAL NO 1041+ years

Service code 14 · EIN 04-2564795

Plan Administrator

PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND PIPEFITTERS LOCAL NO. 104 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

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