Retirement plan

PLUMBERS UNION LOCAL NO 12 ANNUITY PLAN

Name: PLUMBERS UNION LOCAL NO. 12 ANNUIT - PLUMBERS UNION LOCAL NO 12 ANNUITY PLAN (2024) Form 5500
Creator: PLUMBERS UNION LOCAL NO. 12 ANNUIT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS UNION LOCAL NO 12 ANNUITY PLAN, PLUMBERS UNION LOCAL NO. 12 ANNUIT

PLUMBERS UNION LOCAL NO. 12 ANNUITEIN 04-2621293Plan #002PY 2024

1230 MASSACHUSETTS AVENUE - BOSTON, MA 021251608617-288-5400LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$302.8M

-11.0% from 2017

Total participants

3,247

-5.1% from 2017

Average account balance

$129,363

-6.4% from 2017

Annual return

16.42%

-3.17 pp from 2017

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$302.84M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

2,341

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.

65.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$361

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 11 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 50 245 SUMMER STREET · BOSTON, MA 02210	Direct Payment	$587,738
MANZI & ASSOCIATES, LLC9+ years Service code 10 · EIN 04-3508036	Accounting	$31,096
ROBERT CHEVERIE9+ years Service code 29 · EIN 06-1335139	Legal	$29,173
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE D Service code 30 · EIN 04-1149051	Employee (plan)	$23,897
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 15 3000 SOUTH LENOLA ROAD · MAPLE SHADE, NJ 08052	Recordkeeping	$19,998
EMPLOYEE FIDUCIARY, LLC2 years Filed as: EMPLOYEE E Service code 30 · EIN 04-1149051	Employee (plan)	$18,880
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE A Service code 30 · EIN 04-1149051	Employee (plan)	$11,542
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE C Service code 30 · EIN 04-1149051	Employee (plan)	$10,123
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE B Service code 30 · EIN 04-1149051	Employee (plan)	$8,464
EM PRINTING2 years Filed as: PRINTING UNLIMITED Service code 49 63 PLYMOUTH ST. · HOLBROOK, MA 02343	Other Services	$5,250

Plan features & details

Pension benefit codes2C2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$844K

$324 / participant

Investment mgmt$593K70.2%
Legal$15K1.8%
Other / not subdivided$236K28.0%

% of EOY assets

0.279%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANZI & ASSOCIATES L.L.C
Auditor EIN: 043508036
Audit fees: $25,335
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,363

$241,850-46.5%

$102,437+26.3%

$200,096-35.3%

Participation rate

65.2%

78.3%-13.1pp

74.5%-9.3pp

72.0%-6.8pp

Annual return

16.42%

17.67%-1.2pp

24.95%-8.5pp

34.26%-17.8pp

Employer contribution / active EE

$5,592

$4,253+31.5%

$3,871+44.5%

$3,038+84.1%

Participant deferral / active EE

$3,961-100.0%

$5,060-100.0%

$5,090-100.0%

Admin fee / account holder

$361

$288+25.1%

$8,388-95.7%

$269+33.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 50

245 SUMMER STREET · BOSTON, MA 02210

Direct Payment

$587,738

MANZI & ASSOCIATES, LLC9+ years

Service code 10 · EIN 04-3508036

Accounting

$31,096

ROBERT CHEVERIE9+ years

Service code 29 · EIN 06-1335139

Legal

$29,173

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE D

Service code 30 · EIN 04-1149051

Employee (plan)

$23,897

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 15

3000 SOUTH LENOLA ROAD · MAPLE SHADE, NJ 08052

Recordkeeping

$19,998

EMPLOYEE FIDUCIARY, LLC2 years

Filed as: EMPLOYEE E

Service code 30 · EIN 04-1149051

Employee (plan)

$18,880

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE A

Service code 30 · EIN 04-1149051

Employee (plan)

$11,542

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE C

Service code 30 · EIN 04-1149051

Employee (plan)

$10,123

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE B

Service code 30 · EIN 04-1149051

Employee (plan)

$8,464

EM PRINTING2 years

Filed as: PRINTING UNLIMITED

Service code 49

63 PLYMOUTH ST. · HOLBROOK, MA 02343

Other Services

$5,250

PLUMBERS UNION LOCAL NO 12 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS UNION LOCAL NO 12 ANNUITY PLAN

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