Retirement plan

INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS DEFINED CONTRIBUTION PENSION PLAN

Name: THE BOARD OF TRUSTEES OF THE IN/KY/OH REGIONAL COUNCIL OF - INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS DEFINED CONTRIBUTION PENSION PLAN (2019) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE IN/KY/OH REGIONAL COUNCIL OF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS DEFINED CONTRIBUTION PENSION PLAN, THE BOARD OF TRUSTEES OF THE IN/KY/OH REGIONAL COUNCIL OF

THE BOARD OF TRUSTEES OF THE IN/KY/OH REGIONAL COUNCIL OFdba CARPENTERS DC PENSION PLANEIN 35-1833932Plan #001PY 2019

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

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$684.9M

+9.1% from 2018

Total participants

31,282

+5.3% from 2018

Average account balance

$21,895

+3.6% from 2018

Annual return

6.36%

-1.24 pp from 2018

Benchmarks

See 89 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort89 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59B

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

55,172

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3 years Filed as: ONE AMERICA RETIREMENT SERVICES, LL Service code 15 · EIN 46-5378846	Recordkeeping	$558,326
BMO HARRIS BANK NA2 years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$276,791
BENESYS, INC.4+ years Filed as: BENESYS Service code 14 · EIN 38-2383171	Plan Administrator	$268,264
MARQUETTE ASSOCIATES4+ years Service code 27 · EIN 36-3485298	Advisory (Plan)	$95,000
L.M. HENDERSON & COMPANY, LLP4+ years Service code 10 · EIN 20-5520612	Accounting	$64,894
PAUL T. BERKOWITZ & ASSOCIATES, LTD4+ years Filed as: PAUL BERKOWITZ AND ASSOCIATES, LTD Service code 29 · EIN 36-3780998	Legal	$50,717
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN SOLUTIONS, INC Service code 13 · EIN 52-1590516	Contract Administrator	$34,202
MILLER KAPLAN ARASE LLP4+ years Filed as: S.C. MILLER & CO., INC. Service code 10 · EIN 35-1820020	Accounting	$12,669

Plan features & details

Pension benefit codes2C2E2F2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$1.4M

$50 / participant

Investment mgmt$930K64.3%
Contract admin$298K20.6%
Other / not subdivided$218K15.0%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: L.M. HENDERSON & COMPANY, LLP
Auditor EIN: 205520612
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,895

$143,368-84.7%

$87,100-74.9%

$89,569-75.6%

Participation rate

100.0%

88.2%+11.8pp

76.9%+23.1pp

69.6%+30.4pp

Annual return

6.36%

28.55%-22.2pp

28.19%-21.8pp

34.56%-28.2pp

Employer contribution / active EE

$1,803

$4,012-55.1%

$2,521-28.5%

$2,584-30.2%

Participant deferral / active EE

$7,129-100.0%

$4,049-100.0%

$4,220-100.0%

Admin fee / account holder

$46

$61-24.0%

$7,497-99.4%

$72-35.5%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3 years

Filed as: ONE AMERICA RETIREMENT SERVICES, LL

Service code 15 · EIN 46-5378846

Recordkeeping

$558,326

BMO HARRIS BANK NA2 years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

$276,791

BENESYS, INC.4+ years

Filed as: BENESYS

Service code 14 · EIN 38-2383171

Plan Administrator

$268,264

MARQUETTE ASSOCIATES4+ years

Service code 27 · EIN 36-3485298

Advisory (Plan)

$95,000

L.M. HENDERSON & COMPANY, LLP4+ years

Service code 10 · EIN 20-5520612

Accounting

$64,894

PAUL T. BERKOWITZ & ASSOCIATES, LTD4+ years

Filed as: PAUL BERKOWITZ AND ASSOCIATES, LTD

Service code 29 · EIN 36-3780998

Legal

$50,717

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN SOLUTIONS, INC

Service code 13 · EIN 52-1590516

Contract Administrator

$34,202

MILLER KAPLAN ARASE LLP4+ years

Filed as: S.C. MILLER & CO., INC.

Service code 10 · EIN 35-1820020

Accounting

$12,669

INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDIANA/KENTUCKY/OHIO REGIONAL COUNCIL OF CARPENTERS DEFINED CONTRIBUTION PENSION PLAN

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