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 (2019) 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 2019

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)

$700.3M

-13.3% from 2016

Total participants

5,143

+4.5% from 2016

Average account balance

$136,159

No prior year

Annual return

22.25%

-9.62 pp from 2016

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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 AND2 years Service code 13 · EIN 06-1050034	Contract Administrator	$225,581
MARSHALL & MOSS PAYROLL COMPLIANCE3 years Service code 10 · EIN 04-3652965	Accounting	$102,264
VIRGINIA & AMBINDER, LLP5+ years Service code 29 · EIN 13-4166736	Legal	$90,727
WALTER SARACENI5+ years Service code 30 · EIN 13-3877439	Employee (plan); Direct payment from ...	$79,449
O'DONOGHUE & O'DONOGHUE5+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$74,968
GLORIA CANCELLIERE3 years Filed as: GLORIA MATERON Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$54,913
WENDY WEISS3 years Filed as: WENDY SALVATIERRA Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$48,777
NOVAK FRANCELLA LLC4 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$48,261
KAUFF MCGUIRE & MARGOLIS LLP4 years Filed as: KAUFF, MCGUIRE & MARGOLIS, LLP Service code 29 · EIN 13-3573855	Legal	$41,699
MEKETA INVESTMENT GROUP5+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$40,000

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

$295 / participant

Investment mgmt$40K2.8%
Contract admin$226K15.7%
Other / not subdivided$1M81.5%

% of EOY assets

0.205%

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

$136,159

$66,051+106.1%

$92,916+46.5%

$77,775+75.1%

Participation rate

100.0%

81.0%+19.0pp

76.0%+24.0pp

73.2%+26.8pp

Annual return

22.25%

20.69%+1.6pp

109.45%-87.2pp

32.58%-10.3pp

Employer contribution / active EE

$6,606

$3,426+92.8%

$3,654+80.8%

$2,504+163.8%

Participant deferral / active EE

$5,242

$3,013+74.0%

$4,238+23.7%

$3,966+32.2%

Admin fee / account holder

$279

$148+88.8%

$5,796-95.2%

$100+178.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Service code 13 · EIN 06-1050034

Contract Administrator

$225,581

MARSHALL & MOSS PAYROLL COMPLIANCE3 years

Service code 10 · EIN 04-3652965

Accounting

$102,264

VIRGINIA & AMBINDER, LLP5+ years

Service code 29 · EIN 13-4166736

Legal

$90,727

WALTER SARACENI5+ years

Service code 30 · EIN 13-3877439

Employee (plan); Direct payment from ...

$79,449

O'DONOGHUE & O'DONOGHUE5+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$74,968

GLORIA CANCELLIERE3 years

Filed as: GLORIA MATERON

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$54,913

WENDY WEISS3 years

Filed as: WENDY SALVATIERRA

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$48,777

NOVAK FRANCELLA LLC4 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$48,261

KAUFF MCGUIRE & MARGOLIS LLP4 years

Filed as: KAUFF, MCGUIRE & MARGOLIS, LLP

Service code 29 · EIN 13-3573855

Legal

$41,699

MEKETA INVESTMENT GROUP5+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$40,000

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