Retirement plan

PIPEFITTERS LOCAL NO 636 DEFINED CONTRIBUTION RETIREMENT TRUST AND PLAN

Name: PIPEFITTERS LOCAL 636 DEFINED CONTRIBUTION RETIREMENT TRUST - PIPEFITTERS LOCAL NO 636 DEFINED CONTRIBUTION RETIREMENT TRUST AND PLAN (2022) Form 5500
Creator: PIPEFITTERS LOCAL 636 DEFINED CONTRIBUTION RETIREMENT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIPEFITTERS LOCAL NO 636 DEFINED CONTRIBUTION RETIREMENT TRUST AND PLAN, PIPEFITTERS LOCAL 636 DEFINED CONTRIBUTION RETIREMENT TRUST

PIPEFITTERS LOCAL 636 DEFINED CONTRIBUTION RETIREMENT TRUSTEIN 38-6440276Plan #001PY 2022

700 TOWER DRIVE, SUITE 300 - TROY, MI 48098248-813-9800

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$230.1M

-6.3% from 2016

Total participants

3,373

-5.1% from 2016

Average account balance

$68,204

-1.3% from 2016

Annual return

-16.68%

-8.10 pp from 2016

Benchmarks

See 246 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort246 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$281.54M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

3,387

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

$8.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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.1 year Service code 14 · EIN 38-3507129 700 TOWER DRIVE SUITE 300 · TROY, MI 480982808	Plan Administrator	$226,833
NEPC, LLC5 years Filed as: NEPC LLC Service code 27 · EIN 26-1429809 255 STATE STREET · BOSTON, MA 02109	Advisory (Plan)	$50,000
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN GRAPHICS PRINTING CO. Service code 36 · EIN 38-2090031 1629 W LAFAYETTE BLVD · DETROIT, MI 482161927	Copying and duplicating; Direct payme...	$40,145
ASHER KELLY3 years Service code 29 · EIN 84-3379113 25800 NORTHWESTERN HWY · SOUTHFIELD, MI 48075	Legal	$23,705
WALTER, BOESKY & ASSOCIATES, PC8+ years Filed as: WALTER, BOESKY & ASSOCIATES, P.C. Service code 10 · EIN 38-3629743 17320 W 12 MILE RD STE200 · SOUTHFIELD, MI 48076	Accounting	$9,353

Plan features & details

Pension benefit codes2E2F2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$430K

$278 / participant

Investment mgmt$116K27.0%
Contract admin$51K11.8%
Other / not subdivided$263K61.2%

% of EOY assets

0.187%

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

$68,204

$43,236+57.7%

$82,768-17.6%

$77,906-12.5%

Participation rate

100.0%

64.2%+35.8pp

72.6%+27.4pp

73.7%+26.3pp

Annual return

-16.68%

2.40%-19.1pp

702.70%-719.4pp

12.16%-28.8pp

Employer contribution / active EE

$3,587

$1,924+86.4%

$3,008+19.2%

$2,846+26.0%

Participant deferral / active EE

$1,574

$3,069-48.7%

$4,395-64.2%

$4,805-67.3%

Admin fee / account holder

$127

$102+24.3%

$5,326-97.6%

$133-3.9%

Provider

Service type

Compensation

BENESYS, INC.1 year

Service code 14 · EIN 38-3507129

700 TOWER DRIVE SUITE 300 · TROY, MI 480982808

Plan Administrator

$226,833

NEPC, LLC5 years

Filed as: NEPC LLC

Service code 27 · EIN 26-1429809

255 STATE STREET · BOSTON, MA 02109

Advisory (Plan)

$50,000

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN GRAPHICS PRINTING CO.

Service code 36 · EIN 38-2090031

1629 W LAFAYETTE BLVD · DETROIT, MI 482161927

Copying and duplicating; Direct payme...

$40,145

ASHER KELLY3 years

Service code 29 · EIN 84-3379113

25800 NORTHWESTERN HWY · SOUTHFIELD, MI 48075

Legal

$23,705

WALTER, BOESKY & ASSOCIATES, PC8+ years

Filed as: WALTER, BOESKY & ASSOCIATES, P.C.

Service code 10 · EIN 38-3629743

17320 W 12 MILE RD STE200 · SOUTHFIELD, MI 48076

Accounting

$9,353

PIPEFITTERS LOCAL NO 636 DEFINED CONTRIBUTION RETIREMENT TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIPEFITTERS LOCAL NO 636 DEFINED CONTRIBUTION RETIREMENT TRUST AND 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