Retirement plan

UPPER PENINSULA CONCRETE PIPE COMPANY BARGAINING UNIT 401(K) PLAN

Name: UPPER PENINSULA CONCRETE PIPE COMPANY, INC. - UPPER PENINSULA CONCRETE PIPE COMPANY BARGAINING UNIT 401(K) PLAN (2020) Form 5500
Creator: UPPER PENINSULA CONCRETE PIPE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER PENINSULA CONCRETE PIPE COMPANY BARGAINING UNIT 401(K) PLAN, UPPER PENINSULA CONCRETE PIPE COMPANY, INC.

UPPER PENINSULA CONCRETE PIPE COMPANY, INC.EIN 38-1351917Plan #003PY 2020

6480 US 2 AND 41, PO BOX 313 - ESCANABA, MI 49829906-786-0934upconcretepipe.netLinkedIn11-50 employeescivil engineering

Other plans on this EIN

1 filing

#002Retirement-$2.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+9.3% from 2019

Total participants

+3.2% from 2019

Average account balance

$43,730

+9.3% from 2019

Annual return

13.44%

-4.70 pp from 2019

Benchmarks

See 5,720 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,720 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$979K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

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.

130.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3678

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$156K

$5587 / participant

Other / not subdivided$156K100.0%

% of EOY assets

12.336%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,730

$81,208-46.2%

$98,920-55.8%

$79,856-45.2%

Participation rate

89.3%

72.5%+16.8pp

76.0%+13.3pp

69.6%+19.6pp

Annual return

13.44%

60.99%-47.5pp

196.47%-183.0pp

31.71%-18.3pp

Employer contribution / active EE

$2,289

$1,960+16.8%

$2,689-14.9%

$2,471-7.4%

Participant deferral / active EE

$1,575

$3,265-51.8%

$4,245-62.9%

$3,741-57.9%

Admin fee / account holder

$5,395

$6,013-10.3%

$6,643-18.8%

$5,306+1.7%

UPPER PENINSULA CONCRETE PIPE COMPANY BARGAINING UNIT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER PENINSULA CONCRETE PIPE COMPANY BARGAINING UNIT 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