Retirement plan

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

Name: JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS LOCAL 85 RETIREMENT - PLUMBERS & PIPEFITTERS U.A. LOCAL 85 RETIREMENT AND 401K FUND (2020) Form 5500
Creator: JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS 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 LOCAL 85 RETIREMENT

JOINT BOARD OF TRUSTEES PLUMBERS & PIPEFITTERS LOCAL 85 RETIREMENTEIN 32-0478132Plan #005PY 2020

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$4.9M

+44.0% from 2019

Total participants

517

+10.7% from 2019

Average account balance

$9,391

+30.1% from 2019

Annual return

18.15%

-5.11 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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 5 by compensation

Provider	Service type	Compensation
HUNTINGTON NATIONAL BANK4 years Service code 19 · EIN 31-0966785 PO BOX 72229 · CLEVELAND, OH 441920002	Securities Custodian	$44,164
NOVARA, TESIJA & CATENACCI, PLLC3 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	$34,107
NEWPORT GROUP, INC.1 year Service code 27 · EIN 82-1982049 1350 TREAT BLVD 300 · WALNUT CREEK, CA 94597	Advisory (Plan)	$12,357
BENESYS, INC.4 years Service code 14 · EIN 38-2383171 700 TOWER DR, STE 300 · TROY, MI 48098	Plan Administrator	$6,639
BULTYNCK & CO., P.L.L.C.4 years Service code 10 · EIN 20-3920878 15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038	Accounting	$5,750

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

$94K

$182 / participant

Investment mgmt$48K51.5%
Contract admin$7K7.0%
Other / not subdivided$39K41.5%

% of EOY assets

1.938%

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

$9,391

$91,517-89.7%

$101,275-90.7%

$73,412-87.2%

Participation rate

100.0%

73.8%+26.2pp

75.8%+24.2pp

72.2%+27.8pp

Annual return

18.15%

17.17%+1.0pp

46.48%-28.3pp

59.30%-41.1pp

Employer contribution / active EE

$1,733

$2,877-39.8%

$3,660-52.7%

$2,234-22.4%

Participant deferral / active EE

$3,338-100.0%

$4,371-100.0%

$3,806-100.0%

Admin fee / account holder

$182

$216-15.7%

$5,948-96.9%

$158+15.2%

Provider

Service type

Compensation

HUNTINGTON NATIONAL BANK4 years

Service code 19 · EIN 31-0966785

PO BOX 72229 · CLEVELAND, OH 441920002

Securities Custodian

$44,164

NOVARA, TESIJA & CATENACCI, PLLC3 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

$34,107

NEWPORT GROUP, INC.1 year

Service code 27 · EIN 82-1982049

1350 TREAT BLVD 300 · WALNUT CREEK, CA 94597

Advisory (Plan)

$12,357

BENESYS, INC.4 years

Service code 14 · EIN 38-2383171

700 TOWER DR, STE 300 · TROY, MI 48098

Plan Administrator

$6,639

BULTYNCK & CO., P.L.L.C.4 years

Service code 10 · EIN 20-3920878

15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038

Accounting

$5,750

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