Retirement plan

PLUMBERS AND PIPEFITTER LOCAL NO 104 ANNUITY FUND

Name: PLUMBERS AND PIPEFITTERS LOCAL NO 104 - PLUMBERS AND PIPEFITTER LOCAL NO 104 ANNUITY FUND (2021) Form 5500
Creator: PLUMBERS AND PIPEFITTERS LOCAL NO 104
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND PIPEFITTER LOCAL NO 104 ANNUITY FUND, PLUMBERS AND PIPEFITTERS LOCAL NO 104

PLUMBERS AND PIPEFITTERS LOCAL NO 104EIN 04-2564795Plan #003PY 2021

86 LOWER WESTFIELD RD - HOLYOKE, MA 010402712413-594-5152ualocal104.orgLinkedIn201-500 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$80.8M

+14.2% from 2020

Total participants

415

+2.7% from 2020

Average account balance

$207,622

+12.4% from 2020

Annual return

15.06%

+9.41 pp from 2020

Benchmarks

See 1,509 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,509 peers

Snapshot2021

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$52,357
KRAKOW & SOURIS1 year Filed as: KRAKOW SOURIS AND LANDRY LLC Service code 22 225 FRIEND STREET · BOSTON, MA 02114	Insurance Broker	$13,228
CARLEY GUILBERT6+ years Service code 12 86 LOWER WESTFIELD ROAD · HOLYOKE, MA 01040	Claims processing	$11,349
LAPIER DILLON AND ASSOCIATES PC1 year Filed as: LAPIER, DILLON AND ASSOCIATES PC Service code 10 · EIN 32-0008525	Accounting	$7,235
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COMMONWEALTH FINANCIAL NETWORK4 years Service code 26 · EIN 04-2675571	Advisory (Participants)	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MANNING & NAPIER1 year Filed as: MANNING AND NAPIER Service code 52 · EIN 02-0476209	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$123K

$389 / participant

Contract admin$52K42.7%
Other / not subdivided$70K57.3%

% of EOY assets

0.152%

all-in expense ratio

Categories reported

1 / 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: LAPIER DILLON AND ASSOCIATES PC
Auditor EIN: 320048525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$207,622

$111,491+86.2%

$189,545+9.5%

$86,821+139.1%

Participation rate

91.7%

87.3%+4.4pp

87.8%+3.9pp

72.3%+19.5pp

Annual return

15.06%

83.50%-68.4pp

555.36%-540.3pp

97.94%-82.9pp

Employer contribution / active EE

$8,477

$3,951+114.5%

$6,162+37.6%

$2,406+252.3%

Participant deferral / active EE

$6,437-100.0%

$8,220-100.0%

$4,132-100.0%

Admin fee / account holder

$315

$189+67.1%

$12,049-97.4%

$170+85.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$52,357

KRAKOW & SOURIS1 year

Filed as: KRAKOW SOURIS AND LANDRY LLC

Service code 22

225 FRIEND STREET · BOSTON, MA 02114

Insurance Broker

$13,228

CARLEY GUILBERT6+ years

Service code 12

86 LOWER WESTFIELD ROAD · HOLYOKE, MA 01040

Claims processing

$11,349

LAPIER DILLON AND ASSOCIATES PC1 year

Filed as: LAPIER, DILLON AND ASSOCIATES PC

Service code 10 · EIN 32-0008525

Accounting

$7,235

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COMMONWEALTH FINANCIAL NETWORK4 years

Service code 26 · EIN 04-2675571

Advisory (Participants)

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-2573775

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 76-0343427

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MANNING & NAPIER1 year

Filed as: MANNING AND NAPIER

Service code 52 · EIN 02-0476209

Indirect Investment Fees

PLUMBERS AND PIPEFITTER LOCAL NO 104 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND PIPEFITTER 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