Retirement plan

UPPER PENINSULA PLUMBERS PIPEFITTERS DEFINED CONTRIBUTION PLAN

Name: TRUSTEES OF THE UPPER PENINSULA PLUMBERS AND PIPEFITTERS DEFINED - UPPER PENINSULA PLUMBERS PIPEFITTERS DEFINED CONTRIBUTION PLAN (2018) Form 5500
Creator: TRUSTEES OF THE UPPER PENINSULA PLUMBERS AND PIPEFITTERS DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER PENINSULA PLUMBERS PIPEFITTERS DEFINED CONTRIBUTION PLAN, TRUSTEES OF THE UPPER PENINSULA PLUMBERS AND PIPEFITTERS DEFINED

TRUSTEES OF THE UPPER PENINSULA PLUMBERS AND PIPEFITTERS DEFINEDdba CONTRIBUTION PLANEIN 38-3296005Plan #001PY 2018

6525 CENTURION DRIVE - LANSING, MI 48917517-321-7502

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$14.3M

+10.2% from 2017

Total participants

300

+9.1% from 2017

Average account balance

No prior year

Annual return

11.66%

-2.51 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.78M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

427

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$68,142
NOVARA, TESIJA & CATENACCI, PLLC3+ years Filed as: NOVARA TESIJA, PLLC Service code 29 · EIN 38-2823147	Legal	$21,873
TIC INTERNATIONAL CORPORATION3+ years Service code 10 · EIN 13-2600875	Accounting	$16,899
MARQUETTE ASSOCIATES3+ years Service code 17 · EIN 36-3485298	Pension Consulting	$12,000
BENDA, GRACE, STULZ & COMPANY, P.C.3+ years Service code 10 · EIN 38-2284921	Accounting	$8,450

Plan features & details

Pension benefit codes2E2J2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$132K

$439 / participant

Investment mgmt$80K60.8%
Contract admin$14K10.6%
Other / not subdivided$38K28.6%

% of EOY assets

0.919%

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: BENDA, GRACE, STULZ & COMPANY, P.C.
Auditor EIN: 382284921
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,443-100.0%

$83,830-100.0%

$55,725-100.0%

Participation rate

0.0%

72.0%-72.0pp

76.1%-76.1pp

70.9%-70.9pp

Annual return

11.66%

393.67%-382.0pp

850.97%-839.3pp

244.93%-233.3pp

Employer contribution / active EE

$3,034

$2,682+13.2%

$3,631-16.4%

$2,078+46.0%

Participant deferral / active EE

$248

$2,965-91.6%

$4,082-93.9%

$3,356-92.6%

Admin fee / account holder

$156-100.0%

$5,479-100.0%

$115-100.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$68,142

NOVARA, TESIJA & CATENACCI, PLLC3+ years

Filed as: NOVARA TESIJA, PLLC

Service code 29 · EIN 38-2823147

Legal

$21,873

TIC INTERNATIONAL CORPORATION3+ years

Service code 10 · EIN 13-2600875

Accounting

$16,899

MARQUETTE ASSOCIATES3+ years

Service code 17 · EIN 36-3485298

Pension Consulting

$12,000

BENDA, GRACE, STULZ & COMPANY, P.C.3+ years

Service code 10 · EIN 38-2284921

Accounting

$8,450

UPPER PENINSULA PLUMBERS PIPEFITTERS DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER PENINSULA PLUMBERS PIPEFITTERS DEFINED CONTRIBUTION 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