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 (2024) 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 2024

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$42.4M

+17.7% from 2023

Total participants

1,000

+9.2% from 2023

Average account balance

$42,743

+7.8% from 2023

Annual return

15.16%

+3.24 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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 5 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Service code 15 · EIN 01-0233346	Recordkeeping	$66,141
PENSION PLANNING CONSULATNTS, INC.1 year Filed as: PENSION PLANNING USA Service code 13 · EIN 85-0402842	Contract Administrator	$39,823
ROMOLO & ASSOCIATES6 years Filed as: ROMOLO & ASSOCIATES, LLC Service code 10 · EIN 84-2885766	Accounting	$17,775
PNC BANK, N.A.3 years Filed as: THE PNC FINANCIAL SERVICES GROUP, I Service code 27 · EIN 22-1146430	Advisory (Plan)	$17,476
CAVANAGH & O'HARA9+ years Filed as: CAVANAGH & OHARA, LLP Service code 29 · EIN 37-1259635	Legal	$6,649

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$162K

$248 / participant

Investment mgmt$17K10.8%
Legal$7K4.1%
Contract admin$106K65.6%
Other / not subdivided$32K19.5%

% of EOY assets

0.382%

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: $17,775
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,743

$82,979-48.5%

$102,412-58.3%

$77,736-45.0%

Participation rate

98.6%

71.5%+27.1pp

74.5%+24.1pp

70.6%+28.0pp

Annual return

15.16%

19.11%-4.0pp

24.94%-9.8pp

31.26%-16.1pp

Employer contribution / active EE

$4,214

$3,554+18.6%

$3,870+8.9%

$2,728+54.5%

Participant deferral / active EE

$377

$4,109-90.8%

$5,060-92.5%

$4,651-91.9%

Admin fee / account holder

$163

$639-74.5%

$8,388-98.1%

$433-62.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Service code 15 · EIN 01-0233346

Recordkeeping

$66,141

PENSION PLANNING CONSULATNTS, INC.1 year

Filed as: PENSION PLANNING USA

Service code 13 · EIN 85-0402842

Contract Administrator

$39,823

ROMOLO & ASSOCIATES6 years

Filed as: ROMOLO & ASSOCIATES, LLC

Service code 10 · EIN 84-2885766

Accounting

$17,775

PNC BANK, N.A.3 years

Filed as: THE PNC FINANCIAL SERVICES GROUP, I

Service code 27 · EIN 22-1146430

Advisory (Plan)

$17,476

CAVANAGH & O'HARA9+ years

Filed as: CAVANAGH & OHARA, LLP

Service code 29 · EIN 37-1259635

Legal

$6,649

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