Retirement plan

PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN

Name: PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN - PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN (2015) Form 5500
Creator: PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN, PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN

PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLANEIN 38-3155388Plan #001PY 2015

700 TOWER DRIVE, SUITE 300 - TROY, MI 480982808248-813-9800

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$53.2M

No prior year

Total participants

1,164

No prior year

Average account balance

$45,676

No prior year

Annual return

1.31%

No prior year

Benchmarks

See 690 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.88M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

1,648

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

$3.76M

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 7 by compensation

Provider	Service type	Compensation
BENESYS, INC.1+ years Filed as: BENESYS INC Service code 12 · EIN 38-3507129 700 TOWER DRIVE STE 300 · TROY, MI 480982808	Recordkeeping and information managem...	$85,379
MORGAN STANLEY SMITH BARNEY1+ years Service code 27 · EIN 13-2655998 4000 TOWN CENTER 1800 · SOUTHFIELD, MI 480751505	Advisory (Plan)	$55,000
WATKINS ROSS1+ years Service code 15 · EIN 38-1477362 161 OTTAWA AVE NW · GRAND RAPIDS, MI 49503	Recordkeeping	$44,239
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB Service code 19 · EIN 42-1558009 211 MAIN STREET · SAN FRANCISCO, CA 94105	Securities Custodian	$19,384
O'SULLIVAN ASSOCIATES1+ years Filed as: SULLIVAN, WARD, ASHER, & PATTON, PC Service code 29 · EIN 38-2384883 25800 NORTHWEWEATERN HWY 1000 · SOUTHFIELD, MI 480751000	Legal	$18,767
WALTER, BOESKY & ASSOCIATES, PC1+ years Service code 10 · EIN 38-3629743 17320 W 12 MILE ROAD 200 · SOUTHFIELD, MI 48076	Accounting	$10,750
AMERICAN REALTY ADVISORS1+ years Filed as: AMERICAN GRAPHICS INC Service code 36 · EIN 38-2090031 1629 W LAFAYETTE BLVD · DETROIT, MI 482161927	Copying and duplicating	$7,913

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$197K

$306 / participant

Investment mgmt$55K27.9%
Contract admin$85K43.3%
Other / not subdivided$57K28.8%

% of EOY assets

0.370%

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: WALTER, BOESKY & ASSOCIATES, P.C.
Auditor EIN: 383629743
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,676

$38,925+17.3%

$73,835-38.1%

$55,191-17.2%

Participation rate

100.0%

66.0%+34.0pp

73.4%+26.6pp

69.2%+30.8pp

Annual return

1.31%

6.31%-5.0pp

2268.13%-2266.8pp

10.78%-9.5pp

Employer contribution / active EE

$1,780

$1,695+5.0%

$2,788-36.1%

$1,899-6.2%

Participant deferral / active EE

$1,055

$2,351-55.1%

$3,583-70.5%

$3,046-65.4%

Admin fee / account holder

$169

$83+104.2%

$4,880-96.5%

$91+86.4%

Provider

Service type

Compensation

BENESYS, INC.1+ years

Filed as: BENESYS INC

Service code 12 · EIN 38-3507129

700 TOWER DRIVE STE 300 · TROY, MI 480982808

Recordkeeping and information managem...

$85,379

MORGAN STANLEY SMITH BARNEY1+ years

Service code 27 · EIN 13-2655998

4000 TOWN CENTER 1800 · SOUTHFIELD, MI 480751505

Advisory (Plan)

$55,000

WATKINS ROSS1+ years

Service code 15 · EIN 38-1477362

161 OTTAWA AVE NW · GRAND RAPIDS, MI 49503

Recordkeeping

$44,239

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 42-1558009

211 MAIN STREET · SAN FRANCISCO, CA 94105

Securities Custodian

$19,384

O'SULLIVAN ASSOCIATES1+ years

Filed as: SULLIVAN, WARD, ASHER, & PATTON, PC

Service code 29 · EIN 38-2384883

25800 NORTHWEWEATERN HWY 1000 · SOUTHFIELD, MI 480751000

Legal

$18,767

WALTER, BOESKY & ASSOCIATES, PC1+ years

Service code 10 · EIN 38-3629743

17320 W 12 MILE ROAD 200 · SOUTHFIELD, MI 48076

Accounting

$10,750

AMERICAN REALTY ADVISORS1+ years

Filed as: AMERICAN GRAPHICS INC

Service code 36 · EIN 38-2090031

1629 W LAFAYETTE BLVD · DETROIT, MI 482161927

Copying and duplicating

$7,913

PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS LOCAL NO 98 DEFINED CONTRIBUTION PENSION 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