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 (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$173.4M assets

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$34.4M

-13.6% from 2017

Total participants

945

-6.2% from 2017

Average account balance

$36,371

-7.9% from 2017

Annual return

5.02%

-14.38 pp from 2017

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

$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 SERVICE4+ years Service code 19 · EIN 31-1051736 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Securities Custodian	$86,742
TIC INTERNATIONAL CORPORATION4+ years Service code 14 · EIN 13-2600875 6525 CENTURION DRIVE · LANSING, MI 489179275	Plan Administrator	$41,520
ULLICO4+ years Filed as: UNION SERVICES AGENCY Service code 22 · EIN 38-3297465 119 PERE MARQUETTE STE 1A · LANSING, MI 48912	Insurance Broker	$14,713
BULTYNCK & CO., P.L.L.C.3 years Service code 10 · EIN 20-3920878 15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038	Accounting	$9,000
NOVARA, TESIJA & CATENACCI, PLLC2 years Service code 29 · EIN 38-3763096 2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075	Legal	$8,894

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

$213K

$291 / participant

Investment mgmt$120K56.3%
Contract admin$42K19.5%
Other / not subdivided$52K24.2%

% of EOY assets

0.620%

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

$36,371

$66,650-45.4%

$92,916-60.9%

$67,584-46.2%

Participation rate

100.0%

72.5%+27.5pp

76.0%+24.0pp

71.3%+28.7pp

Annual return

5.02%

92.64%-87.6pp

109.45%-104.4pp

378.59%-373.6pp

Employer contribution / active EE

$2,503

$2,777-9.8%

$3,654-31.5%

$2,148+16.6%

Participant deferral / active EE

$653

$3,160-79.3%

$4,238-84.6%

$3,540-81.6%

Admin fee / account holder

$226

$199+13.3%

$5,796-96.1%

$142+58.5%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE4+ years

Service code 19 · EIN 31-1051736

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Securities Custodian

$86,742

TIC INTERNATIONAL CORPORATION4+ years

Service code 14 · EIN 13-2600875

6525 CENTURION DRIVE · LANSING, MI 489179275

Plan Administrator

$41,520

ULLICO4+ years

Filed as: UNION SERVICES AGENCY

Service code 22 · EIN 38-3297465

119 PERE MARQUETTE STE 1A · LANSING, MI 48912

Insurance Broker

$14,713

BULTYNCK & CO., P.L.L.C.3 years

Service code 10 · EIN 20-3920878

15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038

Accounting

$9,000

NOVARA, TESIJA & CATENACCI, PLLC2 years

Service code 29 · EIN 38-3763096

2000 TOWN CENTER STE 2370 · SOUTHFIELD, MI 48075

Legal

$8,894

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