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 (2017) 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 2017

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)

$560.8M

-13.3% from 2016

Total participants

4,937

+4.5% from 2016

Average account balance

No prior year

Annual return

16.77%

-9.62 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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 19 by compensation

Provider	Service type	Compensation
GEM GROUP3+ years Filed as: GEM GROUP, LP Service code 13 · EIN 25-1696739	Contract Administrator	$165,141
O'DONOGHUE & O'DONOGHUE3+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$163,415
SUNGARD GLOBAL NETWORK SECURITIES3+ years Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC Service code 28 55 BROADWAY - 7TH FLOOR · NEW YORK, NY 10006	Investment Management	$90,946
WALTER SARACENI3+ years Service code 30 · EIN 13-3877439	Employee (plan); Direct payment from ...	$60,097
NORTHSTAR FIDUCIARY PARTNERS2 years Filed as: NORTHSTAR RETIREMENT ADVISORS Service code 17 · EIN 59-3331424	Pension Consulting	$52,361
VIRGINIA & AMBINDER, LLP3+ years Service code 50 · EIN 13-4166736	Direct Payment	$51,067
MID ATLANTIC CAPITAL CORPORATION3+ years Filed as: MID ATLANTIC TRUST CO Service code 28 · EIN 26-0010549	Investment Management	$43,280
MEKETA INVESTMENT GROUP3+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$40,000
WENDY WEISS1 year Filed as: WENDY SALVATIERRA Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$35,378
GLORIA CANCELLIERE1 year Filed as: GLORIA MATERON Service code 30 · EIN 13-3877439	Employee (plan); Direct payment from ...	$29,747

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

$1.4M

$296 / participant

Investment mgmt$144K10.0%
Contract admin$165K11.5%
Other / not subdivided$1M78.5%

% of EOY assets

0.256%

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

$221,442-100.0%

$92,240-100.0%

$77,958-100.0%

Participation rate

0.0%

79.6%-79.6pp

76.5%-76.5pp

71.6%-71.6pp

Annual return

16.77%

15.65%+1.1pp

176.29%-159.5pp

20.87%-4.1pp

Employer contribution / active EE

$4,762

$3,226+47.6%

$3,680+29.4%

$2,310+106.1%

Participant deferral / active EE

$5,284

$2,779+90.1%

$3,897+35.6%

$3,537+49.4%

Admin fee / account holder

$210-100.0%

$5,194-100.0%

$97-100.0%

Provider

Service type

Compensation

GEM GROUP3+ years

Filed as: GEM GROUP, LP

Service code 13 · EIN 25-1696739

Contract Administrator

$165,141

O'DONOGHUE & O'DONOGHUE3+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$163,415

SUNGARD GLOBAL NETWORK SECURITIES3+ years

Filed as: SUNGARD INSTITUTIONAL BROKERAGE INC

Service code 28

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

Investment Management

$90,946

WALTER SARACENI3+ years

Service code 30 · EIN 13-3877439

Employee (plan); Direct payment from ...

$60,097

NORTHSTAR FIDUCIARY PARTNERS2 years

Filed as: NORTHSTAR RETIREMENT ADVISORS

Service code 17 · EIN 59-3331424

Pension Consulting

$52,361

VIRGINIA & AMBINDER, LLP3+ years

Service code 50 · EIN 13-4166736

Direct Payment

$51,067

MID ATLANTIC CAPITAL CORPORATION3+ years

Filed as: MID ATLANTIC TRUST CO

Service code 28 · EIN 26-0010549

Investment Management

$43,280

MEKETA INVESTMENT GROUP3+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$40,000

WENDY WEISS1 year

Filed as: WENDY SALVATIERRA

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$35,378

GLORIA CANCELLIERE1 year

Filed as: GLORIA MATERON

Service code 30 · EIN 13-3877439

Employee (plan); Direct payment from ...

$29,747

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