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 (2018) 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 2018

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$551.4M

-13.3% from 2016

Total participants

5,076

+4.5% from 2016

Average account balance

$108,624

No prior year

Annual return

-6.37%

-9.62 pp from 2016

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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 17 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$214,102
VIRGINIA & AMBINDER, LLP4+ years Service code 29 · EIN 13-4166736	Legal	$90,636
WALTER SARACENI4+ years Service code 30 · EIN 13-3877439	Employee (plan); Direct payment from ...	$67,006
O'DONOGHUE & O'DONOGHUE4+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 50 · EIN 53-0120528	Direct Payment	$66,629
NOVAK FRANCELLA LLC3 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$62,655
MARSHALL & MOSS PAYROLL COMPLIANCE2 years Service code 10 · EIN 04-3652965	Accounting	$61,345
MEKETA INVESTMENT GROUP4+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$46,667
GLORIA CANCELLIERE2 years Filed as: GLORIA MATERON Service code 30 · EIN 13-3877439	Employee (plan); Direct payment from ...	$45,722
WENDY WEISS2 years Filed as: WENDY SALVATIERRA Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$40,317
TYTUS STEMPNIEWICZ2 years Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$32,540

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$286 / participant

Investment mgmt$61K4.4%
Contract admin$214K15.6%
Other / not subdivided$1M80.0%

% of EOY assets

0.250%

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

$108,624

$60,396+79.9%

$83,831+29.6%

$75,289+44.3%

Participation rate

100.0%

80.7%+19.3pp

76.1%+23.9pp

72.4%+27.6pp

Annual return

-6.37%

3.84%-10.2pp

850.99%-857.4pp

-0.04%-6.3pp

Employer contribution / active EE

$5,281

$3,343+58.0%

$3,631+45.4%

$2,405+119.6%

Participant deferral / active EE

$5,358

$2,922+83.3%

$4,082+31.3%

$3,739+43.3%

Admin fee / account holder

$271

$141+92.1%

$5,479-95.0%

$102+165.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$214,102

VIRGINIA & AMBINDER, LLP4+ years

Service code 29 · EIN 13-4166736

Legal

$90,636

WALTER SARACENI4+ years

Service code 30 · EIN 13-3877439

Employee (plan); Direct payment from ...

$67,006

O'DONOGHUE & O'DONOGHUE4+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 50 · EIN 53-0120528

Direct Payment

$66,629

NOVAK FRANCELLA LLC3 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$62,655

MARSHALL & MOSS PAYROLL COMPLIANCE2 years

Service code 10 · EIN 04-3652965

Accounting

$61,345

MEKETA INVESTMENT GROUP4+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$46,667

GLORIA CANCELLIERE2 years

Filed as: GLORIA MATERON

Service code 30 · EIN 13-3877439

Employee (plan); Direct payment from ...

$45,722

WENDY WEISS2 years

Filed as: WENDY SALVATIERRA

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$40,317

TYTUS STEMPNIEWICZ2 years

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$32,540

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