Retirement plan

PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN

Name: PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN - PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN (2015) Form 5500
Creator: PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN, PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN

PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLANEIN 13-3877439Plan #003PY 2015

50-02 5TH STREET, 2ND FLOOR - LONG ISLAND CITY, NY 111015706718-835-2700LinkedIn5001-10000 employeesindividual & family services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$393.9M

-13.3% from 2016

Total participants

5,876

+4.5% from 2016

Average account balance

$67,030

No prior year

Annual return

-1.16%

-9.62 pp from 2016

Benchmarks

See 297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort297 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$961.28M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

4,786

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.

82.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51.37M

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$346

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
GEM GROUP1+ years Filed as: GEM GROUP, LP Service code 13 · EIN 25-1696739	Contract Administrator	$354,686
O'DONOGHUE & O'DONOGHUE1+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$129,760
SUNGARD GLOBAL NETWORK SECURITIES1+ years Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC Service code 28 55 BROADWAY - 7TH FLOOR · NEW YORK, NY 10006	Investment Management	$77,547
VIRGINIA & AMBINDER, LLP1+ years Service code 29 · EIN 43-1995226	Legal	$67,485
WHARTON ADVISORS1+ years Service code 17 · EIN 26-0055111	Pension Consulting	$48,837
MID ATLANTIC CAPITAL CORPORATION1+ years Filed as: MID ATLANTIC TRUST CO Service code 28 · EIN 26-0010549	Investment Management	$41,208
MEKETA INVESTMENT GROUP1+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$40,000
MARSHALL & MOSS PAYROLL COMPLIANCE1+ years Filed as: MARSHALL & MOSS LLP Service code 10 · EIN 04-3652965	Accounting	$36,229
NOVAK FRANCELLA LLC1+ years Service code 10 · EIN 61-1436956	Accounting	$35,923
WALTER SARACENI1+ years Service code 30 · EIN 13-3844439	Direct payment from the plan; Employe...	$25,925

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.

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

$1.3M

$275 / participant

Investment mgmt$119K9.5%
Contract admin$355K28.3%
Other / not subdivided$780K62.2%

% of EOY assets

0.318%

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: NOVAK FRANCELLA LLC
Auditor EIN: 611456956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,030

$55,516+20.7%

$75,784-11.6%

$59,188+13.2%

Participation rate

100.0%

73.6%+26.4pp

75.8%+24.2pp

69.4%+30.6pp

Annual return

-1.16%

-1.89%+0.7pp

9.68%-10.8pp

5.51%-6.7pp

Employer contribution / active EE

$3,562

$2,604+36.8%

$3,323+7.2%

$2,098+69.8%

Participant deferral / active EE

$4,271

$2,599+64.3%

$3,652+17.0%

$3,265+30.8%

Admin fee / account holder

$213

$110+93.9%

$5,300-96.0%

$92+131.2%

Provider

Service type

Compensation

GEM GROUP1+ years

Filed as: GEM GROUP, LP

Service code 13 · EIN 25-1696739

Contract Administrator

$354,686

O'DONOGHUE & O'DONOGHUE1+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$129,760

SUNGARD GLOBAL NETWORK SECURITIES1+ years

Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC

Service code 28

55 BROADWAY - 7TH FLOOR · NEW YORK, NY 10006

Investment Management

$77,547

VIRGINIA & AMBINDER, LLP1+ years

Service code 29 · EIN 43-1995226

Legal

$67,485

WHARTON ADVISORS1+ years

Service code 17 · EIN 26-0055111

Pension Consulting

$48,837

MID ATLANTIC CAPITAL CORPORATION1+ years

Filed as: MID ATLANTIC TRUST CO

Service code 28 · EIN 26-0010549

Investment Management

$41,208

MEKETA INVESTMENT GROUP1+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$40,000

MARSHALL & MOSS PAYROLL COMPLIANCE1+ years

Filed as: MARSHALL & MOSS LLP

Service code 10 · EIN 04-3652965

Accounting

$36,229

NOVAK FRANCELLA LLC1+ years

Service code 10 · EIN 61-1436956

Accounting

$35,923

WALTER SARACENI1+ years

Service code 30 · EIN 13-3844439

Direct payment from the plan; Employe...

$25,925

PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS 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