Retirement plan

PIPELINE INDUSTRY ANNUITY 401(K) TRUST

Name: PIPELINE INDUSTRY 401(K) FUND - PIPELINE INDUSTRY ANNUITY 401(K) TRUST (2023) Form 5500
Creator: PIPELINE INDUSTRY 401(K) FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIPELINE INDUSTRY ANNUITY 401(K) TRUST, PIPELINE INDUSTRY 401(K) FUND

PIPELINE INDUSTRY 401(K) FUNDEIN 26-3051108Plan #301PY 2023

RENEE E. VAUSE, DIRECTOR, P.O. BOX 470950 - TULSA, OK 741470950918-280-4800

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$314M

-25.7% from 2016

Total participants

6,587

-3.4% from 2016

Average account balance

$47,673

-23.1% from 2016

Annual return

15.79%

-7.44 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$340.39M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$54K

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.

6,271

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$90

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 8 by compensation

Provider	Service type	Compensation
THE TRUST COMPANY OF OKLAHOMA4 years Filed as: TRUST COMPANY OF OKLAHOMA Service code 15 · EIN 73-1353212	Recordkeeping	$219,075
PIPELINE INDUSTRY BENEFIT FUND9+ years Service code 50 P.O. BOX 470950 · TULSA, OK 741470950	Direct Payment	$122,058
EMPLOYEE K2 years Filed as: EMPLOYEE Q Service code 30 P.O. BOX 470950 · TULSA, OK 741470950	Direct payment from the plan; Employe...	$48,190
THE SEGAL COMPANY5 years Filed as: SEGAL SELECT INSURANCE Service code 23 · EIN 46-0619194	Direct payment from the plan; Insuran...	$23,006
THE SEGAL COMPANY5 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$22,917
RUBINBROWN LLP9+ years Service code 10 · EIN 43-0765316	Accounting	$22,100
TEDFORD INSURANCE4 years Service code 23 · EIN 23-2182079	Insurance services; Direct payment fr...	$12,608
ROBEIN, URANN, SPENCER, PICARD & CA5 years Filed as: ROBEIN, URANN, SPENCER, ET. AL. Service code 29 · EIN 73-0999672	Legal	$5,685

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

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

$505K

$219 / participant

Trustee / custodial$219K43.4%
Investment mgmt$23K4.5%
Salaries / allowances$95K18.9%
Other / not subdivided$168K33.2%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: $22,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,673

$88,479-46.1%

$96,543-50.6%

$80,187-40.5%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

15.79%

22.53%-6.7pp

35.75%-20.0pp

40.40%-24.6pp

Employer contribution / active EE

$9,120

$4,177+118.4%

$3,741+143.8%

$2,980+206.1%

Participant deferral / active EE

$3,736

$3,961-5.7%

$4,880-23.4%

$5,016-25.5%

Admin fee / account holder

$77

$211-63.7%

$6,737-98.9%

$145-47.1%

Provider

Service type

Compensation

THE TRUST COMPANY OF OKLAHOMA4 years

Filed as: TRUST COMPANY OF OKLAHOMA

Service code 15 · EIN 73-1353212

Recordkeeping

$219,075

PIPELINE INDUSTRY BENEFIT FUND9+ years

Service code 50

P.O. BOX 470950 · TULSA, OK 741470950

Direct Payment

$122,058

EMPLOYEE K2 years

Filed as: EMPLOYEE Q

Service code 30

P.O. BOX 470950 · TULSA, OK 741470950

Direct payment from the plan; Employe...

$48,190

THE SEGAL COMPANY5 years

Filed as: SEGAL SELECT INSURANCE

Service code 23 · EIN 46-0619194

Direct payment from the plan; Insuran...

$23,006

THE SEGAL COMPANY5 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$22,917

RUBINBROWN LLP9+ years

Service code 10 · EIN 43-0765316

Accounting

$22,100

TEDFORD INSURANCE4 years

Service code 23 · EIN 23-2182079

Insurance services; Direct payment fr...

$12,608

ROBEIN, URANN, SPENCER, PICARD & CA5 years

Filed as: ROBEIN, URANN, SPENCER, ET. AL.

Service code 29 · EIN 73-0999672

Legal

$5,685

PIPELINE INDUSTRY ANNUITY 401(K) TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIPELINE INDUSTRY ANNUITY 401(K) TRUST

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