Retirement plan

UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: UNITED CONTRACTORS MIDWEST, INC. - UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: UNITED CONTRACTORS MIDWEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS PLAN, UNITED CONTRACTORS MIDWEST, INC.

UNITED CONTRACTORS MIDWEST, INC.EIN 37-1409658Plan #001PY 2016

3151 ROBBINS ROAD - SPRINGFIELD, IL 62704217-546-6192ucm.bizLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$41.8M

+1.8% from 2015

Total participants

259

+6.1% from 2015

Average account balance

$227,047

+8.5% from 2015

Annual return

8.42%

+7.54 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.14M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

228

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$556

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH WEALTH MANAGEMENT Service code 12 · EIN 13-5674085	Valuation (appraisals, etc.); Shareho...	$129,526
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Participan...	$37,645
THE WINDSOR GROUP LTD2+ years Service code 27 · EIN 35-1691197	Advisory (Plan)	$24,404
KERBER, ECK & BRAECKEL LLP2+ years Service code 10 · EIN 43-0352985	Accounting	$9,550
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$1,897
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$82K

$361 / participant

Investment mgmt$35K42.7%
Other / not subdivided$47K57.3%

% of EOY assets

0.197%

all-in expense ratio

Categories reported

1 / 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: KERBER, ECK, BRAECKEL LLP
Auditor EIN: 430352985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$227,047

$52,884+329.3%

$84,753+167.9%

$55,167+311.6%

Participation rate

67.1%

67.5%-0.4pp

76.6%-9.5pp

69.0%-1.9pp

Annual return

8.42%

18.03%-9.6pp

22.78%-14.4pp

169.23%-160.8pp

Employer contribution / active EE

$3,246

$2,233+45.3%

$3,574-9.2%

$1,963+65.4%

Participant deferral / active EE

$6,455

$2,644+144.1%

$3,712+73.9%

$3,054+111.3%

Admin fee / account holder

$447

$581-22.9%

$5,333-91.6%

$504-11.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH WEALTH MANAGEMENT

Service code 12 · EIN 13-5674085

Valuation (appraisals, etc.); Shareho...

$129,526

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Participan...

$37,645

THE WINDSOR GROUP LTD2+ years

Service code 27 · EIN 35-1691197

Advisory (Plan)

$24,404

KERBER, ECK & BRAECKEL LLP2+ years

Service code 10 · EIN 43-0352985

Accounting

$9,550

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$1,897

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage; Securities brok...

UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED CONTRACTORS MIDWEST, INC. 401(K) RETIREMENT SAVINGS 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