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 (2019) 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 2019

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.4M

+64.3% from 2018

Total participants

467

+137.1% from 2018

Average account balance

$7,220

No prior year

Annual return

23.26%

+35.63 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
NOVARA, TESIJA & CATENACCI, PLLC2 years Filed as: NOVARA TESIJA & CATENACCI, P.L.L.C. Service code 29 · EIN 38-3763096 888 W. BIG BEAVER RD 600 · TROY, MI 48084	Legal	$29,104
HUNTINGTON NATIONAL BANK3 years Service code 15 · EIN 31-0966785 PO BOX 72229 · CLEVELAND, OH 441920002	Recordkeeping	$28,321
BENESYS, INC.3 years Service code 14 · EIN 38-2383171 700 TOWER DR, STE 300 · TROY, MI 48098	Plan Administrator	$6,648

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$85K

$182 / participant

Investment mgmt$42K49.2%
Contract admin$7K7.8%
Other / not subdivided$37K43.0%

% of EOY assets

2.526%

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

$7,220

$66,650-89.2%

$92,915-92.2%

$67,582-89.3%

Participation rate

100.0%

72.5%+27.5pp

76.0%+24.0pp

71.3%+28.7pp

Annual return

23.26%

92.64%-69.4pp

109.45%-86.2pp

378.57%-355.3pp

Employer contribution / active EE

$1,907

$2,777-31.3%

$3,653-47.8%

$2,148-11.2%

Participant deferral / active EE

$3,160-100.0%

$4,238-100.0%

$3,539-100.0%

Admin fee / account holder

$182

$199-8.4%

$5,796-96.9%

$142+28.2%

Provider

Service type

Compensation

NOVARA, TESIJA & CATENACCI, PLLC2 years

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

Service code 29 · EIN 38-3763096

888 W. BIG BEAVER RD 600 · TROY, MI 48084

Legal

$29,104

HUNTINGTON NATIONAL BANK3 years

Service code 15 · EIN 31-0966785

PO BOX 72229 · CLEVELAND, OH 441920002

Recordkeeping

$28,321

BENESYS, INC.3 years

Service code 14 · EIN 38-2383171

700 TOWER DR, STE 300 · TROY, MI 48098

Plan Administrator

$6,648

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