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 (2021) 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 2021

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$6.7M

+38.3% from 2020

Total participants

563

+8.9% from 2020

Average account balance

$11,927

+27.0% from 2020

Annual return

16.21%

-1.94 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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
NEWPORT GROUP, INC.2 years Service code 27 · EIN 82-1982049 1350 TREAT BLVD 300 · WALNUT CREEK, CA 94597	Advisory (Plan)	$38,853
NOVARA, TESIJA & CATENACCI, PLLC4 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	$21,416
BENESYS, INC.5 years Service code 14 · EIN 38-2383171 700 TOWER DR, STE 300 · TROY, MI 48098	Plan Administrator	$6,631
BULTYNCK & CO., P.L.L.C.5 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

$75K

$133 / participant

Investment mgmt$37K49.3%
Contract admin$7K8.8%
Other / not subdivided$31K41.9%

% of EOY assets

1.115%

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

$11,927

$78,275-84.8%

$109,188-89.1%

$86,821-86.3%

Participation rate

100.0%

73.8%+26.2pp

75.9%+24.1pp

72.3%+27.7pp

Annual return

16.21%

19.14%-2.9pp

25.76%-9.5pp

97.94%-81.7pp

Employer contribution / active EE

$2,121

$3,105-31.7%

$3,723-43.0%

$2,406-11.9%

Participant deferral / active EE

$3,641-100.0%

$4,654-100.0%

$4,132-100.0%

Admin fee / account holder

$133

$198-33.0%

$6,755-98.0%

$170-21.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 27 · EIN 82-1982049

1350 TREAT BLVD 300 · WALNUT CREEK, CA 94597

Advisory (Plan)

$38,853

NOVARA, TESIJA & CATENACCI, PLLC4 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

$21,416

BENESYS, INC.5 years

Service code 14 · EIN 38-2383171

700 TOWER DR, STE 300 · TROY, MI 48098

Plan Administrator

$6,631

BULTYNCK & CO., P.L.L.C.5 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