Retirement plan

PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND

Name: JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS UA LOCAL 85 RETIREMENT - PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND (2017) Form 5500
Creator: JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS UA LOCAL 85 RETIREMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND, JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS UA LOCAL 85 RETIREMENT

JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS UA LOCAL 85 RETIREMENTEIN 32-0478132Plan #005PY 2017

700 TOWN DRIVE, SUITE 300 - TROY, MI 48098248-813-9800

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.4M

+191.0% from 2016

Total participants

329

+67.0% from 2016

Average account balance

No prior year

Annual return

57.10%

+57.10 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.68M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

689

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$311

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 4 by compensation

Provider	Service type	Compensation
NOVARA, TESIJA & CATENACCI, PLLC1 year Filed as: NOVARA TESIJA, P.L.L.C. Service code 29 · EIN 38-3763096 2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075	Legal	$18,218
HUNTINGTON NATIONAL BANK1 year Service code 15 · EIN 31-0966785 PO BOX 72229 · CLEVELAND, OH 441920002	Recordkeeping	$17,006
BENESYS, INC.1 year Service code 14 · EIN 38-2383171 700 TOWER DR, STE 300 · TROY, MI 48098	Plan Administrator	$6,068
BULTYNCK & CO., P.L.L.C.1 year Service code 10 · EIN 20-3920878 15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038	Accounting	$5,000

Plan features & details

Pension benefit codes2F2G2J

Plan features

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$48K

$145 / participant

Investment mgmt$21K43.3%
Contract admin$6K12.6%
Other / not subdivided$21K44.2%

% of EOY assets

3.432%

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: BULTYNCK & CO., P.L.L.C.
Auditor EIN: 203920878
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,545-100.0%

$92,240-100.0%

$69,631-100.0%

Participation rate

0.0%

72.2%-72.2pp

76.5%-76.5pp

70.7%-70.7pp

Annual return

57.10%

19.71%+37.4pp

176.29%-119.2pp

27571.02%-27513.9pp

Employer contribution / active EE

$1,949

$2,633-26.0%

$3,680-47.0%

$2,032-4.1%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$145-100.0%

$5,194-100.0%

$110-100.0%

Provider

Service type

Compensation

NOVARA, TESIJA & CATENACCI, PLLC1 year

Filed as: NOVARA TESIJA, P.L.L.C.

Service code 29 · EIN 38-3763096

2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075

Legal

$18,218

HUNTINGTON NATIONAL BANK1 year

Service code 15 · EIN 31-0966785

PO BOX 72229 · CLEVELAND, OH 441920002

Recordkeeping

$17,006

BENESYS, INC.1 year

Service code 14 · EIN 38-2383171

700 TOWER DR, STE 300 · TROY, MI 48098

Plan Administrator

$6,068

BULTYNCK & CO., P.L.L.C.1 year

Service code 10 · EIN 20-3920878

15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038

Accounting

$5,000

PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND

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