Retirement plan

LEAVITT TUBE COMPANY UNION MONEY PURCHASE PLAN FOR THE CHICAGO STEELWORKERS

Name: MARUICHI LEAVITT PIPE & TUBE LLC - LEAVITT TUBE COMPANY UNION MONEY PURCHASE PLAN FOR THE CHICAGO STEELWORKERS (2015) Form 5500
Creator: MARUICHI LEAVITT PIPE & TUBE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEAVITT TUBE COMPANY UNION MONEY PURCHASE PLAN FOR THE CHICAGO STEELWORKERS, MARUICHI LEAVITT PIPE & TUBE LLC

MARUICHI LEAVITT PIPE & TUBE LLCEIN 36-4417646Plan #021PY 2015

1717 W 115TH STREET - CHICAGO, IL 60643773-239-7700maruichi-leavitt.comLinkedIn51-200 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement-$14.4M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$11.9M

No prior year

Total participants

116

No prior year

Average account balance

$102,563

No prior year

Annual return

1.43%

No prior year

Benchmarks

See 13,685 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort13,685 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$35,524

Plan features & details

Pension benefit codes2C2F2G2K3B3D2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$36K

$366 / participant

Investment mgmt$32K89.9%
Contract admin$4K10.1%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WARADY & DAVIS LLP
Auditor EIN: 362170602
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,563

$56,197+82.5%

$67,652+51.6%

$59,633+72.0%

Participation rate

100.0%

71.5%+28.5pp

75.7%+24.3pp

68.7%+31.3pp

Annual return

1.43%

18508.10%-18506.7pp

6625.40%-6624.0pp

2041.45%-2040.0pp

Employer contribution / active EE

$8,182

$1,615+406.7%

$2,266+261.1%

$2,203+271.5%

Participant deferral / active EE

$2,844-100.0%

$3,560-100.0%

$3,192-100.0%

Admin fee / account holder

$306

$3,958-92.3%

$4,821-93.6%

$4,297-92.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$35,524

LEAVITT TUBE COMPANY UNION MONEY PURCHASE PLAN FOR THE CHICAGO STEELWORKERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEAVITT TUBE COMPANY UNION MONEY PURCHASE PLAN FOR THE CHICAGO STEELWORKERS

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