Retirement plan

SPRINKLER FITTERS AND APPRENTICES LOCAL 704 DEFINED CONTRIBUTION PENSION FUND PLAN

Name: SPRINKLER FITTERS AND APPRENTICES LOCAL 704 - SPRINKLER FITTERS AND APPRENTICES LOCAL 704 DEFINED CONTRIBUTION PENSION FUND PLAN (2024) Form 5500
Creator: SPRINKLER FITTERS AND APPRENTICES LOCAL 704
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPRINKLER FITTERS AND APPRENTICES LOCAL 704 DEFINED CONTRIBUTION PENSION FUND PLAN, SPRINKLER FITTERS AND APPRENTICES LOCAL 704

SPRINKLER FITTERS AND APPRENTICES LOCAL 704EIN 35-2328542Plan #001PY 2024

6525 CENTURION DRIVE - LANSING, MI 489172131248-813-9800LinkedIn201-500 employeesinsurance

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$98.3M

+14.7% from 2023

Total participants

570

+1.1% from 2023

Average account balance

$172,383

+13.5% from 2023

Annual return

12.01%

-3.81 pp from 2023

Benchmarks

See 1,550 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,550 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.26M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

570

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

$6.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$665

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 10 of 22 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$207,580
SPRINKLER FITTERS AND APPRENTICES2 years Filed as: SPRINKLER FITTERS & APPRENTICES DC Service code 14 · EIN 35-2328542 30700 TELEGRAPH RD STE 2400 · BINGHAM FARMS, MI 48025	Plan Administrator	$143,130
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 13 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$58,440
ASHER KELLY5 years Service code 29 · EIN 84-3379113 25800 NORTHWESTERN HIGHWAY STE 1100 · SOUTHFIELD, MI 480751000	Legal	$50,735
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH WEALTH MANAGEMENT Service code 27 39001 W 12 MILE RD · FARMINGTON HILLS, MI 48331	Advisory (Plan)	$50,000
TIC INTERNATIONAL CORPORATION5 years Service code 13 · EIN 13-2600875 11590 NORTH MERIDIAN STREET STE 600 · CARME, IN 460324529	Contract Administrator	$31,100
WALTER, BOESKY & ASSOCIATES, PC7 years Filed as: WALTER, BOESKY & ASSOCIATES PC Service code 10 · EIN 38-3629743 17320 W 12 MILE ROAD, SUITE 200 · SOUTHFIELD, MI 48076	Accounting	$15,200
MASSACHUSETTS MUTUAL LIFE INS. CO.7 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 14 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Plan Administrator	$14,889
AB FUNDS2 years Filed as: ALLIANCE BERNSTEIN Service code 52 · EIN 13-4064930 501 COMMERCE STREET · NASHVILLE, TN 37203	Indirect Investment Fees	$0
ALLSPRING4 years Filed as: ALLSPRING GLOBAL INVESTMENT Service code 52 · EIN 84-6615098 141 VANTAGE PARK DR · CHARLOTTE, NC 28203	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$379K

$755 / participant

Recordkeeping$208K54.8%
Investment mgmt$50K13.2%
Legal$51K13.4%
Contract admin$31K8.2%
Other / not subdivided$40K10.5%

% of EOY assets

0.386%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WALTER, BOESKY & ASSOCIATES P.C.W
Auditor EIN: 383629743
Audit fees: $15,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,383

$129,095+33.5%

$184,185-6.4%

$77,692+121.9%

Participation rate

100.0%

87.3%+12.7pp

86.8%+13.2pp

70.6%+29.4pp

Annual return

12.01%

33.29%-21.3pp

28.81%-16.8pp

31.25%-19.2pp

Employer contribution / active EE

$13,653

$4,410+209.6%

$6,426+112.5%

$2,726+400.8%

Participant deferral / active EE

$7,300-100.0%

$9,132-100.0%

$4,648-100.0%

Admin fee / account holder

$665

$256+160.1%

$13,909-95.2%

$431+54.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$207,580

SPRINKLER FITTERS AND APPRENTICES2 years

Filed as: SPRINKLER FITTERS & APPRENTICES DC

Service code 14 · EIN 35-2328542

30700 TELEGRAPH RD STE 2400 · BINGHAM FARMS, MI 48025

Plan Administrator

$143,130

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 13 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$58,440

ASHER KELLY5 years

Service code 29 · EIN 84-3379113

25800 NORTHWESTERN HIGHWAY STE 1100 · SOUTHFIELD, MI 480751000

Legal

$50,735

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH WEALTH MANAGEMENT

Service code 27

39001 W 12 MILE RD · FARMINGTON HILLS, MI 48331

Advisory (Plan)

$50,000

TIC INTERNATIONAL CORPORATION5 years

Service code 13 · EIN 13-2600875

11590 NORTH MERIDIAN STREET STE 600 · CARME, IN 460324529

Contract Administrator

$31,100

WALTER, BOESKY & ASSOCIATES, PC7 years

Filed as: WALTER, BOESKY & ASSOCIATES PC

Service code 10 · EIN 38-3629743

17320 W 12 MILE ROAD, SUITE 200 · SOUTHFIELD, MI 48076

Accounting

$15,200

MASSACHUSETTS MUTUAL LIFE INS. CO.7 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 14 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Plan Administrator

$14,889

AB FUNDS2 years

Filed as: ALLIANCE BERNSTEIN

Service code 52 · EIN 13-4064930

501 COMMERCE STREET · NASHVILLE, TN 37203

Indirect Investment Fees

ALLSPRING4 years

Filed as: ALLSPRING GLOBAL INVESTMENT

Service code 52 · EIN 84-6615098

141 VANTAGE PARK DR · CHARLOTTE, NC 28203

Indirect Investment Fees

SPRINKLER FITTERS AND APPRENTICES LOCAL 704 DEFINED CONTRIBUTION PENSION FUND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPRINKLER FITTERS AND APPRENTICES LOCAL 704 DEFINED CONTRIBUTION PENSION FUND 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