Retirement plan

UTILITY WORKERS UNION OF AMERICA DEFERRED COMPENS PLAN

Name: BOARD OF TRUSTEES OF THE UW OF A DEFERRED COMPENSATION PLAN - UTILITY WORKERS UNION OF AMERICA DEFERRED COMPENS PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE UW OF A DEFERRED COMPENSATION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTILITY WORKERS UNION OF AMERICA DEFERRED COMPENS PLAN, BOARD OF TRUSTEES OF THE UW OF A DEFERRED COMPENSATION PLAN

BOARD OF TRUSTEES OF THE UW OF A DEFERRED COMPENSATION PLANEIN 06-1822042Plan #001PY 2024

6525 CENTURION DRIVE - LANSING, MI 489179275517-321-7502

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$100.4M

+23.6% from 2023

Total participants

594

+17.2% from 2023

Average account balance

$168,973

+5.5% from 2023

Annual return

15.57%

-4.33 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$100.37M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

594

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

$10.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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 6 by compensation

Provider	Service type	Compensation
WATKINS PAWLICK CALATI & PRIFTI, PC3 years Filed as: WATKINS, PAWLICK, CALATI & PRIFITI Service code 29 · EIN 83-2893229	Legal	$32,642
CALIBRE CPA GROUP PLLC8 years Service code 10 · EIN 47-0900880	Accounting	$16,500
LINCOLN NATIONAL CORPORATION1 year Service code 64 · EIN 35-0472300	Recordkeeping Fees	$15,045
TIC INTERNATIONAL CORPORATION1 year Filed as: TIC MIDWEST Service code 14 · EIN 93-4217445	Plan Administrator	$13,503
MARQUETTE ASSOCIATES7 years Filed as: MARQUETTE ASSOCIATES, INC Service code 27 · EIN 36-3485298	Advisory (Plan)	$10,000
TIC INTERNATIONAL CORPORATION10+ years Service code 14 · EIN 13-2600875	Plan Administrator	$5,748

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$111K

$196 / participant

Investment mgmt$10K9.0%
Legal$32K29.1%
Contract admin$15K13.6%
Other / not subdivided$54K48.3%

% of EOY assets

0.111%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $16,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,973

$82,979+103.6%

$102,412+65.0%

$77,736+117.4%

Participation rate

100.0%

71.5%+28.5pp

74.5%+25.5pp

70.6%+29.4pp

Annual return

15.57%

19.11%-3.5pp

24.94%-9.4pp

31.26%-15.7pp

Employer contribution / active EE

$9,682

$3,554+172.5%

$3,870+150.2%

$2,728+254.9%

Participant deferral / active EE

$8,720

$4,109+112.2%

$5,060+72.3%

$4,651+87.5%

Admin fee / account holder

$187

$639-70.7%

$8,388-97.8%

$433-56.9%

Provider

Service type

Compensation

WATKINS PAWLICK CALATI & PRIFTI, PC3 years

Filed as: WATKINS, PAWLICK, CALATI & PRIFITI

Service code 29 · EIN 83-2893229

Legal

$32,642

CALIBRE CPA GROUP PLLC8 years

Service code 10 · EIN 47-0900880

Accounting

$16,500

LINCOLN NATIONAL CORPORATION1 year

Service code 64 · EIN 35-0472300

Recordkeeping Fees

$15,045

TIC INTERNATIONAL CORPORATION1 year

Filed as: TIC MIDWEST

Service code 14 · EIN 93-4217445

Plan Administrator

$13,503

MARQUETTE ASSOCIATES7 years

Filed as: MARQUETTE ASSOCIATES, INC

Service code 27 · EIN 36-3485298

Advisory (Plan)

$10,000

TIC INTERNATIONAL CORPORATION10+ years

Service code 14 · EIN 13-2600875

Plan Administrator

$5,748

UTILITY WORKERS UNION OF AMERICA DEFERRED COMPENS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UTILITY WORKERS UNION OF AMERICA DEFERRED COMPENS 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