Retirement plan

PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND

Name: BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND - PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND (2023) Form 5500
Creator: BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND, BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND

BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUNDEIN 36-4472995Plan #001PY 2023

1903 52ND AVENUE - MOLINE, IL 612656381309-794-1170

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+34.1% from 2022

Total participants

399

+8.7% from 2022

Average account balance

$31,656

+23.6% from 2022

Annual return

19.74%

+36.88 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.07M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

417

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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 4 by compensation

Provider	Service type	Compensation
P & P LOCAL 25 BENEFIT FUND LLC3 years Filed as: P&P LOCAL 25 BENEFIT FUND LLC Service code 14 · EIN 82-2768063	Plan Administrator	$22,409
ROMOLO & ASSOCIATES5 years Filed as: ROMOLO & ASSOCIATES, LLC Service code 10 · EIN 84-2885766	Accounting	$11,364
BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years Filed as: BAUM SIGMAN AUERBACH AND NEWMAN Service code 29 · EIN 36-2744057	Legal	$9,605
LANER MUCHIN8 years Service code 29 · EIN 36-3088463	Legal	$8,148

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$258 / participant

Investment mgmt$4K6.1%
Legal$18K27.1%
Contract admin$22K34.3%
Other / not subdivided$21K32.5%

% of EOY assets

0.520%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROMOLO & ASSOCIATES, LLC
Auditor EIN: 842885766
Audit fees: $10,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,656

$93,010-66.0%

$96,515-67.2%

$74,460-57.5%

Participation rate

99.2%

71.6%+27.7pp

74.3%+24.9pp

70.7%+28.5pp

Annual return

19.74%

37.50%-17.8pp

35.73%-16.0pp

34.38%-14.6pp

Employer contribution / active EE

$3,785

$3,427+10.4%

$3,740+1.2%

$2,638+43.5%

Participant deferral / active EE

$2,665

$3,971-32.9%

$4,880-45.4%

$4,530-41.2%

Admin fee / account holder

$165

$633-74.0%

$6,735-97.6%

$348-52.6%

Provider

Service type

Compensation

P & P LOCAL 25 BENEFIT FUND LLC3 years

Filed as: P&P LOCAL 25 BENEFIT FUND LLC

Service code 14 · EIN 82-2768063

Plan Administrator

$22,409

ROMOLO & ASSOCIATES5 years

Filed as: ROMOLO & ASSOCIATES, LLC

Service code 10 · EIN 84-2885766

Accounting

$11,364

BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years

Filed as: BAUM SIGMAN AUERBACH AND NEWMAN

Service code 29 · EIN 36-2744057

Legal

$9,605

LANER MUCHIN8 years

Service code 29 · EIN 36-3088463

Legal

$8,148

PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND PIPEFITTERS LOCAL 99 401K FUND

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