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 (2016) 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 2016

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)

$454.5M

-13.3% from 2016

Total participants

5,625

+4.5% from 2016

Average account balance

No prior year

Annual return

8.47%

-9.62 pp from 2016

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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 13 by compensation

Provider	Service type	Compensation
GEM GROUP2+ years Filed as: GEM GROUP, LP Service code 13 · EIN 25-1696739	Contract Administrator	$238,542
O'DONOGHUE & O'DONOGHUE2+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$92,323
SUNGARD GLOBAL NETWORK SECURITIES2+ years Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC Service code 28 55 BROADWAY - 7TH FLOOR · NEW YORK, NY 10006	Investment Management	$83,343
NORTHSTAR FIDUCIARY PARTNERS1 year Filed as: NORTHSTAR RETIREMENT ADVISORS Service code 17 · EIN 59-3331424	Pension Consulting	$72,947
MID ATLANTIC CAPITAL CORPORATION2+ years Filed as: MID ATLANTIC TRUST CO Service code 28 · EIN 26-0010549	Investment Management	$44,614
MEKETA INVESTMENT GROUP2+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$40,000
NOVAK FRANCELLA LLC1 year Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$38,166
VIRGINIA & AMBINDER, LLP2+ years Service code 29 · EIN 43-1995226	Legal	$29,441
MARSHALL & MOSS PAYROLL COMPLIANCE1 year Filed as: MARSHALL & MOSS, LLP Service code 10 · EIN 04-3652965	Accounting	$18,243
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 22 · EIN 46-0619194	Insurance Broker	$11,225

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

$1.1M

$237 / participant

Investment mgmt$128K11.5%
Contract admin$239K21.4%
Other / not subdivided$751K67.2%

% of EOY assets

0.246%

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: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,392-100.0%

$84,753-100.0%

$63,975-100.0%

Participation rate

0.0%

76.9%-76.9pp

76.6%-76.6pp

71.1%-71.1pp

Annual return

8.47%

611.38%-602.9pp

22.78%-14.3pp

48.65%-40.2pp

Employer contribution / active EE

$4,213

$2,943+43.1%

$3,574+17.9%

$2,182+93.1%

Participant deferral / active EE

$4,705

$2,593+81.5%

$3,712+26.8%

$3,356+40.2%

Admin fee / account holder

$136-100.0%

$5,333-100.0%

$70-100.0%

Provider

Service type

Compensation

GEM GROUP2+ years

Filed as: GEM GROUP, LP

Service code 13 · EIN 25-1696739

Contract Administrator

$238,542

O'DONOGHUE & O'DONOGHUE2+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$92,323

SUNGARD GLOBAL NETWORK SECURITIES2+ years

Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC

Service code 28

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

Investment Management

$83,343

NORTHSTAR FIDUCIARY PARTNERS1 year

Filed as: NORTHSTAR RETIREMENT ADVISORS

Service code 17 · EIN 59-3331424

Pension Consulting

$72,947

MID ATLANTIC CAPITAL CORPORATION2+ years

Filed as: MID ATLANTIC TRUST CO

Service code 28 · EIN 26-0010549

Investment Management

$44,614

MEKETA INVESTMENT GROUP2+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$40,000

NOVAK FRANCELLA LLC1 year

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$38,166

VIRGINIA & AMBINDER, LLP2+ years

Service code 29 · EIN 43-1995226

Legal

$29,441

MARSHALL & MOSS PAYROLL COMPLIANCE1 year

Filed as: MARSHALL & MOSS, LLP

Service code 10 · EIN 04-3652965

Accounting

$18,243

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 22 · EIN 46-0619194

Insurance Broker

$11,225

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