Retirement plan

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Name: THE PIPE LINE DEVELOPMENT COMPANY - THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: THE PIPE LINE DEVELOPMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST, THE PIPE LINE DEVELOPMENT COMPANY

THE PIPE LINE DEVELOPMENT COMPANYEIN 34-0805493Plan #002PY 2022

11792 ALAMEDA - STRONGSVILLE, OH 44149440-871-5700LinkedIn11-50 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18M

-17.5% from 2021

Total participants

137

-13.8% from 2021

Average account balance

$137,157

-4.9% from 2021

Annual return

-16.27%

-29.58 pp from 2021

Benchmarks

See 14,491 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,491 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.53M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

142

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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
HPM PARTNERS2 years Filed as: HPM PARTNERS LLC Service code 27 PO BOX 78000 · DETROIT, MI 48178	Advisory (Plan)	$23,510
NOBLE-DAVIS CONSULTING, INC.8+ years Filed as: NOBLE DAVIS CONSULTING Service code 17 6190 COCHRAN RD · SOLON, OH 44139	Pension Consulting	$7,191
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754	Recordkeeping	$7,128

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$34K

$348 / participant

Contract admin$34K100.0%

% of EOY assets

0.190%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,157

$71,873+90.8%

$86,698+58.2%

$68,490+100.3%

Participation rate

93.9%

72.2%+21.6pp

76.6%+17.3pp

67.9%+26.0pp

Annual return

-16.27%

3.54%-19.8pp

35.96%-52.2pp

-7.85%-8.4pp

Employer contribution / active EE

$4,963

$2,173+128.4%

$2,837+75.0%

$2,597+91.1%

Participant deferral / active EE

$2,813

$3,779-25.6%

$4,656-39.6%

$4,028-30.2%

Admin fee / account holder

$260

$6,110-95.7%

$7,492-96.5%

$5,403-95.2%

Provider

Service type

Compensation

HPM PARTNERS2 years

Filed as: HPM PARTNERS LLC

Service code 27

PO BOX 78000 · DETROIT, MI 48178

Advisory (Plan)

$23,510

NOBLE-DAVIS CONSULTING, INC.8+ years

Filed as: NOBLE DAVIS CONSULTING

Service code 17

6190 COCHRAN RD · SOLON, OH 44139

Pension Consulting

$7,191

ASCENSUS LLC2 years

Service code 15 · EIN 11-3665754

Recordkeeping

$7,128

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & 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