Retirement plan

WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION #4 PENSION PLAN

Name: WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION 4 - WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION #4 PENSION PLAN (2015) Form 5500
Creator: WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION 4
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION #4 PENSION PLAN, WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION 4

WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION 4EIN 04-6069434Plan #002PY 2015

150 HARTWELL STREET - WEST BOYLSTON, MA 01583508-799-7703

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$25.1M

No prior year

Total participants

333

No prior year

Average account balance

$76,493

No prior year

Annual return

0.14%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.73M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

339

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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 9 by compensation

Provider	Service type	Compensation
WORCESTER PLUMBERS AND PIPEFITTERS1+ years Filed as: WORCESTER PPF L.U. NO. 4 Service code 10 · EIN 04-6069434 150 HARTWELL ST. · WEST BOYLSTON, MA 01583	Accounting	$41,856
GOULET SALVIDIO & ASSOC.1+ years Filed as: GOULET SALVIDIO 7 ASSOC. Service code 10 · EIN 01-2623065 9 IRVING STREET · WORCESTER, MA 01609	Accounting	$15,585
INSURANCE PROGRAMMERS, INC.1+ years Filed as: INSURANCE PROGRAMMERS Service code 12 · EIN 06-0811449 P. O. BOX 5817 · WALLINGFORD, CT 06492	Claims processing	$13,550
ROBERT CHEVERIE1+ years Filed as: ROBERT M. CHEVERIE & ASSOCIATES Service code 29 · EIN 06-1335139 333 EAST RIVER DRIVE · EAST HARTFORD, CT 06108	Legal	$13,352
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 COMPANY · HARTFORD, CT 06144	Indirect Investment Fees	$2,920
CES INS AGENCY INC1+ years Filed as: CES INS. AGENCY, INC. Service code 26 · EIN 04-2865307 319 SOUTHBRIDGE ST · AUBURN, MA 01501	Advisory (Participants)	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INS. CO. Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 60	Sub-TA Fees	$0
WORCESTER PLUMBERS AND PIPEFITTERS1+ years Filed as: WORCESTER PLUMBERS & PIPEFITTERS Service code 14 · EIN 04-6069434 LOCAL UNION 4 MONEY PURCHASE PLAN · WEST BOYLSTON, MA 01583	Plan Administrator	$0

Plan features & details

Pension benefit codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$56K

$206 / participant

Investment mgmt$3K5.2%
Contract admin$10K18.1%
Other / not subdivided$43K76.6%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 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: GOULET, SALVIDIO AND ASSOCIATES, PC
Auditor EIN: 042623065
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,493

$50,498+51.5%

$75,784+0.9%

$55,191+38.6%

Participation rate

98.2%

69.4%+28.7pp

75.8%+22.3pp

69.2%+29.0pp

Annual return

0.14%

1.80%-1.7pp

9.68%-9.5pp

10.78%-10.6pp

Employer contribution / active EE

$5,648

$2,291+146.6%

$3,323+70.0%

$1,899+197.5%

Participant deferral / active EE

$2,589-100.0%

$3,652-100.0%

$3,046-100.0%

Admin fee / account holder

$170

$123+38.3%

$5,300-96.8%

$91+87.4%

Provider

Service type

Compensation

WORCESTER PLUMBERS AND PIPEFITTERS1+ years

Filed as: WORCESTER PPF L.U. NO. 4

Service code 10 · EIN 04-6069434

150 HARTWELL ST. · WEST BOYLSTON, MA 01583

Accounting

$41,856

GOULET SALVIDIO & ASSOC.1+ years

Filed as: GOULET SALVIDIO 7 ASSOC.

Service code 10 · EIN 01-2623065

9 IRVING STREET · WORCESTER, MA 01609

Accounting

$15,585

INSURANCE PROGRAMMERS, INC.1+ years

Filed as: INSURANCE PROGRAMMERS

Service code 12 · EIN 06-0811449

P. O. BOX 5817 · WALLINGFORD, CT 06492

Claims processing

$13,550

ROBERT CHEVERIE1+ years

Filed as: ROBERT M. CHEVERIE & ASSOCIATES

Service code 29 · EIN 06-1335139

333 EAST RIVER DRIVE · EAST HARTFORD, CT 06108

Legal

$13,352

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

COMPANY · HARTFORD, CT 06144

Indirect Investment Fees

$2,920

CES INS AGENCY INC1+ years

Filed as: CES INS. AGENCY, INC.

Service code 26 · EIN 04-2865307

319 SOUTHBRIDGE ST · AUBURN, MA 01501

Advisory (Participants)

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INS. CO.

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 60

Sub-TA Fees

WORCESTER PLUMBERS AND PIPEFITTERS1+ years

Filed as: WORCESTER PLUMBERS & PIPEFITTERS

Service code 14 · EIN 04-6069434

LOCAL UNION 4 MONEY PURCHASE PLAN · WEST BOYLSTON, MA 01583

Plan Administrator

WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION #4 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORCESTER PLUMBERS AND PIPEFITTERS LOCAL UNION #4 PENSION 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