Retirement plan

WEST MICHIGAN PLUMBERS FITTERS & SERVICE TRADES LOCAL UNION NO 174 401(K) RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES WEST MI PLUMBERS LOCAL UNION NO 174 401(K) PLAN - WEST MICHIGAN PLUMBERS FITTERS & SERVICE TRADES LOCAL UNION NO 174 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES WEST MI PLUMBERS LOCAL UNION NO 174 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST MICHIGAN PLUMBERS FITTERS & SERVICE TRADES LOCAL UNION NO 174 401(K) RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES WEST MI PLUMBERS LOCAL UNION NO 174 401(K) PLAN

BOARD OF TRUSTEES WEST MI PLUMBERS LOCAL UNION NO 174 401(K) PLANEIN 38-1796240Plan #002PY 2016

6525 CENTURION DRIVE - LANSING, MI 48917616-837-0222

Other plans on this EIN

1 filing

#001Retirement-$137.7M assets

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$26.5M

-13.6% from 2017

Total participants

1,148

-6.2% from 2017

Average account balance

$23,122

-7.9% from 2017

Annual return

-1.70%

-14.38 pp from 2017

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.00M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

979

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.82M

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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
FIFTH THIRD BANK RETIREMENT SERVICE1+ years Service code 19 · EIN 31-1051736 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Securities Custodian	$118,357
TIC INTERNATIONAL CORPORATION1+ years Service code 14 · EIN 13-2600875 6525 CENTURION DRIVE · LANSING, MI 489179275	Plan Administrator	$47,707
NOVARA, TESIJA & CATENACCI, PLLC1+ years Filed as: NOVARA TESIJA, PLLC Service code 29 · EIN 38-3763096 2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075	Legal	$34,835
HUNGERFORD NICHOLS1+ years Service code 10 · EIN 38-2184825 2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546	Accounting	$16,300
ULLICO1+ years Filed as: UNION SERVICES AGENCY Service code 23 119 PERE MARQUETTE STE 1A · LANSING, MI 48912	Direct payment from the plan; Insuran...	$7,896

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$233K

$420 / participant

Investment mgmt$118K50.7%
Contract admin$40K17.1%
Other / not subdivided$75K32.2%

% of EOY assets

0.879%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BULTYNCK & CO., P.L.L.C.
Auditor EIN: 203920878
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,122

$57,921-60.1%

$84,753-72.7%

$57,661-59.9%

Participation rate

100.0%

72.9%+27.1pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

-1.70%

10.24%-11.9pp

22.78%-24.5pp

5.13%-6.8pp

Employer contribution / active EE

$3,775

$2,598+45.3%

$3,574+5.6%

$1,974+91.2%

Participant deferral / active EE

$275

$2,742-90.0%

$3,712-92.6%

$3,061-91.0%

Admin fee / account holder

$203

$130+56.8%

$5,333-96.2%

$95+115.1%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE1+ years

Service code 19 · EIN 31-1051736

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Securities Custodian

$118,357

TIC INTERNATIONAL CORPORATION1+ years

Service code 14 · EIN 13-2600875

6525 CENTURION DRIVE · LANSING, MI 489179275

Plan Administrator

$47,707

NOVARA, TESIJA & CATENACCI, PLLC1+ years

Filed as: NOVARA TESIJA, PLLC

Service code 29 · EIN 38-3763096

2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075

Legal

$34,835

HUNGERFORD NICHOLS1+ years

Service code 10 · EIN 38-2184825

2910 LUCERNE DRIVE SE · GRAND RAPIDS, MI 49546

Accounting

$16,300

ULLICO1+ years

Filed as: UNION SERVICES AGENCY

Service code 23

119 PERE MARQUETTE STE 1A · LANSING, MI 48912

Direct payment from the plan; Insuran...

$7,896

WEST MICHIGAN PLUMBERS FITTERS & SERVICE TRADES LOCAL UNION NO 174 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST MICHIGAN PLUMBERS FITTERS & SERVICE TRADES LOCAL UNION NO 174 401(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