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 (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$56.2M

-7.8% from 2017

Total participants

1,732

+50.0% from 2017

Average account balance

$32,455

-38.6% from 2017

Annual return

-3.60%

-20.35 pp from 2017

Benchmarks

See 845 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort845 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
BENESYS, INC.4+ years Filed as: BENESYS INC Service code 12 · EIN 38-3507129 700 TOWER DRIVE STE 300 · TROY, MI 480982808	Claims processing; Recordkeeping and ...	$110,766
MORGAN STANLEY SMITH BARNEY4+ years Service code 27 · EIN 13-2655998 4000 TOWN CENTER 1800 · SOUTHFIELD, MI 480751505	Advisory (Plan)	$55,000
O'SULLIVAN ASSOCIATES4+ years Filed as: SULLIVAN, WARD, ASHER, & PATTON, PC Service code 29 · EIN 38-2384883 25800 NORTHWEWEATERN HWY 1000 · SOUTHFIELD, MI 480751000	Legal	$26,728
AMERICAN REALTY ADVISORS4+ years Filed as: AMERICAN GRAPHICS INC Service code 36 · EIN 38-2090031 1629 W LAFAYETTE BLVD · DETROIT, MI 482161927	Direct payment from the plan; Copying...	$17,994
WALTER, BOESKY & ASSOCIATES, PC4+ years Service code 10 · EIN 38-3629743 17320 W 12 MILE ROAD 200 · SOUTHFIELD, MI 48076	Accounting	$11,130

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

$270K

$393 / participant

Investment mgmt$80K29.4%
Contract admin$106K39.1%
Other / not subdivided$85K31.5%

% of EOY assets

0.481%

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 PC
Auditor EIN: 383629743
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,455

$43,999-26.2%

$79,466-59.2%

$55,725-41.8%

Participation rate

100.0%

66.9%+33.1pp

73.3%+26.7pp

70.9%+29.1pp

Annual return

-3.60%

1.81%-5.4pp

718.28%-721.9pp

244.93%-248.5pp

Employer contribution / active EE

$1,066

$1,830-41.7%

$2,800-61.9%

$2,078-48.7%

Participant deferral / active EE

$1,724

$2,538-32.1%

$3,704-53.4%

$3,356-48.6%

Admin fee / account holder

$156

$118+32.7%

$5,104-96.9%

$115+35.4%

Provider

Service type

Compensation

BENESYS, INC.4+ years

Filed as: BENESYS INC

Service code 12 · EIN 38-3507129

700 TOWER DRIVE STE 300 · TROY, MI 480982808

Claims processing; Recordkeeping and ...

$110,766

MORGAN STANLEY SMITH BARNEY4+ years

Service code 27 · EIN 13-2655998

4000 TOWN CENTER 1800 · SOUTHFIELD, MI 480751505

Advisory (Plan)

$55,000

O'SULLIVAN ASSOCIATES4+ years

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

Service code 29 · EIN 38-2384883

25800 NORTHWEWEATERN HWY 1000 · SOUTHFIELD, MI 480751000

Legal

$26,728

AMERICAN REALTY ADVISORS4+ years

Filed as: AMERICAN GRAPHICS INC

Service code 36 · EIN 38-2090031

1629 W LAFAYETTE BLVD · DETROIT, MI 482161927

Direct payment from the plan; Copying...

$17,994

WALTER, BOESKY & ASSOCIATES, PC4+ years

Service code 10 · EIN 38-3629743

17320 W 12 MILE ROAD 200 · SOUTHFIELD, MI 48076

Accounting

$11,130

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