Retirement plan

INDIANA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN

Name: BD OF TRUSTEES - INDIANA PIPE TRADES DFND CONT PENSION PLAN - INDIANA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN (2024) Form 5500
Creator: BD OF TRUSTEES - INDIANA PIPE TRADES DFND CONT PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDIANA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN, BD OF TRUSTEES - INDIANA PIPE TRADES DFND CONT PENSION PLAN

BD OF TRUSTEES - INDIANA PIPE TRADES DFND CONT PENSION PLANEIN 35-1983939Plan #001PY 2024

8801 EAST MILNER AVENUE - TERRE HAUTE, IN 47803812-877-3588

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$91.8M

+14.0% from 2023

Total participants

1,464

+7.9% from 2023

Average account balance

$62,719

+5.7% from 2023

Annual return

15.14%

-4.37 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.82M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

1,464

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

$5.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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
NYHART8 years Service code 15 · EIN 35-0966414	Recordkeeping	$86,053
NEWPORT GROUP, INC.3 years Filed as: MATRIX FINANCIAL SOLUTIONS Service code 19 · EIN 75-3182674	Securities Custodian	$37,204
BENESYS, INC.2 years Filed as: UNITED ACTUARIAL SERVICES, INC Service code 11 · EIN 35-2156428	Actuarial	$21,808
MORGAN STANLEY SMITH BARNEY10+ years Service code 27 · EIN 26-4310632	Advisory (Plan)	$20,000
L.M. HENDERSON & COMPANY, LLP10+ years Service code 10 · EIN 20-5520612	Accounting	$14,600

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$240K

$164 / participant

Recordkeeping$86K35.9%
Trustee / custodial$3650.2%
Investment mgmt$57K23.9%
Legal$5K2.0%
Actuarial$22K9.1%
Salaries / allowances$24K9.9%
Other / not subdivided$46K19.1%

% of EOY assets

0.261%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: L.M. HENDERSON & COMPANY, LLP
Auditor EIN: 205520612
Audit fees: $19,194
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,719

$241,850-74.1%

$102,412-38.8%

$199,960-68.6%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

15.14%

17.67%-2.5pp

24.94%-9.8pp

34.28%-19.1pp

Employer contribution / active EE

$2,746

$4,253-35.4%

$3,870-29.0%

$3,036-9.5%

Participant deferral / active EE

$989

$3,961-75.0%

$5,060-80.5%

$5,087-80.6%

Admin fee / account holder

$164

$288-43.2%

$8,388-98.0%

$269-39.2%

Provider

Service type

Compensation

NYHART8 years

Service code 15 · EIN 35-0966414

Recordkeeping

$86,053

NEWPORT GROUP, INC.3 years

Filed as: MATRIX FINANCIAL SOLUTIONS

Service code 19 · EIN 75-3182674

Securities Custodian

$37,204

BENESYS, INC.2 years

Filed as: UNITED ACTUARIAL SERVICES, INC

Service code 11 · EIN 35-2156428

Actuarial

$21,808

MORGAN STANLEY SMITH BARNEY10+ years

Service code 27 · EIN 26-4310632

Advisory (Plan)

$20,000

L.M. HENDERSON & COMPANY, LLP10+ years

Service code 10 · EIN 20-5520612

Accounting

$14,600

INDIANA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDIANA PIPE TRADES 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