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 (2021) 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 2021

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)

$877.3M

-13.3% from 2016

Total participants

5,090

+4.5% from 2016

Average account balance

$172,362

No prior year

Annual return

14.00%

-9.62 pp from 2016

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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
PRUDENTIAL RETIREMENT INSURANCE AND4 years Service code 13 · EIN 06-1050034	Contract Administrator	$210,569
WALTER SARACENI7+ years Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$118,933
MARSHALL & MOSS PAYROLL COMPLIANCE5 years Service code 10 · EIN 04-3652965	Accounting	$96,497
GLORIA CANCELLIERE5 years Filed as: GLORIA MATERON Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$76,699
WENDY WEISS5 years Filed as: WENDY SALVATIERRA Service code 30 · EIN 13-3877439	Direct payment from the plan; Employe...	$75,425
VIRGINIA & AMBINDER, LLP7+ years Service code 29 · EIN 13-4166736	Legal	$71,728
MEKETA INVESTMENT GROUP7+ years Filed as: MEKETA INVESTMENT GROUP INC Service code 17 · EIN 04-2659023	Pension Consulting	$40,000
O'DONOGHUE & O'DONOGHUE7+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$36,075
BENESYS, INC.7+ years Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC. Service code 15 · EIN 23-2182079	Recordkeeping	$28,937
NOVAK FRANCELLA LLC6 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$24,800

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

$303 / participant

Investment mgmt$40K2.8%
Contract admin$211K14.6%
Other / not subdivided$1M82.6%

% of EOY assets

0.164%

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

$172,362

$88,770+94.2%

$109,191+57.9%

$93,010+85.3%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

14.00%

60.64%-46.6pp

25.76%-11.8pp

158.70%-144.7pp

Employer contribution / active EE

$6,931

$3,780+83.4%

$3,723+86.2%

$2,705+156.2%

Participant deferral / active EE

$4,864

$3,630+34.0%

$4,653+4.5%

$4,561+6.6%

Admin fee / account holder

$283

$172+64.3%

$6,756-95.8%

$152+86.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4 years

Service code 13 · EIN 06-1050034

Contract Administrator

$210,569

WALTER SARACENI7+ years

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$118,933

MARSHALL & MOSS PAYROLL COMPLIANCE5 years

Service code 10 · EIN 04-3652965

Accounting

$96,497

GLORIA CANCELLIERE5 years

Filed as: GLORIA MATERON

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$76,699

WENDY WEISS5 years

Filed as: WENDY SALVATIERRA

Service code 30 · EIN 13-3877439

Direct payment from the plan; Employe...

$75,425

VIRGINIA & AMBINDER, LLP7+ years

Service code 29 · EIN 13-4166736

Legal

$71,728

MEKETA INVESTMENT GROUP7+ years

Filed as: MEKETA INVESTMENT GROUP INC

Service code 17 · EIN 04-2659023

Pension Consulting

$40,000

O'DONOGHUE & O'DONOGHUE7+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$36,075

BENESYS, INC.7+ years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC.

Service code 15 · EIN 23-2182079

Recordkeeping

$28,937

NOVAK FRANCELLA LLC6 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$24,800

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