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 (2018) 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 2018

700 TOWER DRIVE, SUITE 300 - TROY, MI 480982808248-813-9800LinkedIn201-500 employeesinsurance

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$54M

-8.7% from 2017

Total participants

529

+8.8% from 2017

Average account balance

$106,723

-15.2% from 2017

Annual return

-6.64%

-22.51 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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 17 by compensation

Provider	Service type	Compensation
O'SULLIVAN ASSOCIATES2 years Filed as: SULLIVAN, WARD, ASHER & PATTON Service code 29 · EIN 38-1880608 25800 NORTHWESTERN HIGHWAY · SOUTHFIELD, MI 480751000	Legal	$74,889
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY Service code 27 · EIN 13-2655998 4000 TWON CENTER, SUITE 1800 · SOUTHFIELD, MI 480751000	Advisory (Plan)	$40,000
BENESYS, INC.2 years Filed as: BENESYS, INC Service code 13 · EIN 38-3507129 700 TOWER DRIVE, SUITE 300 · TROY, MI 48084	Contract Administrator	$27,671
WALTER, BOESKY & ASSOCIATES, PC1 year Filed as: WALTER, BOESKY & ASSOCIATES PC Service code 10 · EIN 38-3629743 17320 W 12 MILE ROAD, SUITE 200 · SOUTHFIELD, MI 48076	Accounting	$11,000
MACQUEEN INSURANCE GROUP1 year Service code 23 · EIN 20-0495393 2191 TWELVE MILE ROAD · BERKLEY, MI 48072	Direct payment from the plan; Insuran...	$10,563
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037 ONE MARKET SQUARE, STEUART TOWER · SAN FRANCISCO, CA 94105	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 59-6865210 FIDELITY MT VERNON STREET TRUST · SAN MATEO, CA 94403	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523 1 DETROIT STREET · DENVER, CO 80206	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Filed as: METROPOLITAN WEST ASSET MGT Service code 52 · EIN 95-4597302 865 S FIUEROA ST, STE 1800 · LOS ANGELES, CA 90017	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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$134K

$260 / participant

Investment mgmt$40K29.8%
Contract admin$34K25.1%
Other / not subdivided$61K45.1%

% of EOY assets

0.249%

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: WALTER, BOESKY & ASSOCIATES PC
Auditor EIN: 383629743
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,723

$80,005+33.4%

$140,019-23.8%

$55,725+91.5%

Participation rate

95.6%

87.0%+8.6pp

87.5%+8.1pp

70.9%+24.7pp

Annual return

-6.64%

0.46%-7.1pp

651.15%-657.8pp

244.93%-251.6pp

Employer contribution / active EE

$7,592

$3,403+123.1%

$5,605+35.4%

$2,078+265.3%

Participant deferral / active EE

$5,264-100.0%

$6,927-100.0%

$3,356-100.0%

Admin fee / account holder

$265

$116+129.4%

$10,705-97.5%

$115+130.4%

Provider

Service type

Compensation

O'SULLIVAN ASSOCIATES2 years

Filed as: SULLIVAN, WARD, ASHER & PATTON

Service code 29 · EIN 38-1880608

25800 NORTHWESTERN HIGHWAY · SOUTHFIELD, MI 480751000

Legal

$74,889

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 13-2655998

4000 TWON CENTER, SUITE 1800 · SOUTHFIELD, MI 480751000

Advisory (Plan)

$40,000

BENESYS, INC.2 years

Filed as: BENESYS, INC

Service code 13 · EIN 38-3507129

700 TOWER DRIVE, SUITE 300 · TROY, MI 48084

Contract Administrator

$27,671

WALTER, BOESKY & ASSOCIATES, PC1 year

Filed as: WALTER, BOESKY & ASSOCIATES PC

Service code 10 · EIN 38-3629743

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

Accounting

$11,000

MACQUEEN INSURANCE GROUP1 year

Service code 23 · EIN 20-0495393

2191 TWELVE MILE ROAD · BERKLEY, MI 48072

Direct payment from the plan; Insuran...

$10,563

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

ONE MARKET SQUARE, STEUART TOWER · SAN FRANCISCO, CA 94105

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 59-6865210

FIDELITY MT VERNON STREET TRUST · SAN MATEO, CA 94403

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

1 DETROIT STREET · DENVER, CO 80206

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Filed as: METROPOLITAN WEST ASSET MGT

Service code 52 · EIN 95-4597302

865 S FIUEROA ST, STE 1800 · LOS ANGELES, CA 90017

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