Retirement plan

PAINTERS DISTRICT COUNCIL #58 401(K) PLAN

Name: BOARD OF TRUSTEES OF PAINTERS DISTRICT COUNCIL #58 401(K) PLAN - PAINTERS DISTRICT COUNCIL #58 401(K) PLAN (2019) Form 5500
Creator: BOARD OF TRUSTEES OF PAINTERS DISTRICT COUNCIL #58 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAINTERS DISTRICT COUNCIL #58 401(K) PLAN, BOARD OF TRUSTEES OF PAINTERS DISTRICT COUNCIL #58 401(K) PLAN

BOARD OF TRUSTEES OF PAINTERS DISTRICT COUNCIL #58 401(K) PLANEIN 37-1365545Plan #001PY 2019

940 CALIFORNIA AVE - COLLINSVILLE, IL 62234618-345-6646

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$28.3M

+5.0% from 2018

Total participants

1,025

-3.3% from 2018

Average account balance

$27,788

+9.5% from 2018

Annual return

5.09%

-4.25 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.11M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

976

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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
JOE MOSKAUSKI4+ years Filed as: JOE CAMAIONI Service code 71 27575 FERRY ROAD · WARRENVILLE, IL 60555	Brokerage Fees	$47,864
ROMOLO & ASSOCIATES1 year Filed as: ROMOLO & ASSOCIATES, LLC Service code 10 · EIN 84-2885766	Accounting	$14,200
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361	Advisory (Participants)	$13,304
CAVANAGH & O'HARA4+ years Filed as: CAVANAGH & OHARA, LLP Service code 29 · EIN 37-1259635	Legal	$8,091

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$139K

$181 / participant

Investment mgmt$66K47.7%
Contract admin$45K32.1%
Other / not subdivided$28K20.1%

% of EOY assets

0.493%

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: ROMOLO & ASSOCIATES, LLC
Auditor EIN: 842885766
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,788

$66,650-58.3%

$92,915-70.1%

$67,582-58.9%

Participation rate

99.0%

72.5%+26.5pp

76.0%+23.0pp

71.3%+27.7pp

Annual return

5.09%

92.64%-87.5pp

109.45%-104.4pp

378.57%-373.5pp

Employer contribution / active EE

$2,972

$2,777+7.0%

$3,653-18.6%

$2,148+38.4%

Participant deferral / active EE

$258

$3,160-91.8%

$4,238-93.9%

$3,539-92.7%

Admin fee / account holder

$137

$199-31.2%

$5,796-97.6%

$142-3.7%

Provider

Service type

Compensation

JOE MOSKAUSKI4+ years

Filed as: JOE CAMAIONI

Service code 71

27575 FERRY ROAD · WARRENVILLE, IL 60555

Brokerage Fees

$47,864

ROMOLO & ASSOCIATES1 year

Filed as: ROMOLO & ASSOCIATES, LLC

Service code 10 · EIN 84-2885766

Accounting

$14,200

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 26 · EIN 95-2755361

Advisory (Participants)

$13,304

CAVANAGH & O'HARA4+ years

Filed as: CAVANAGH & OHARA, LLP

Service code 29 · EIN 37-1259635

Legal

$8,091

PAINTERS DISTRICT COUNCIL #58 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAINTERS DISTRICT COUNCIL #58 401(K) 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