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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$258.9M

-6.3% from 2016

Total participants

3,472

-5.1% from 2016

Average account balance

$74,581

-1.3% from 2016

Annual return

18.14%

-8.10 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
BENESYS, INC.2 years Service code 10 · EIN 38-2383171 700 TOWER DRIVE STE 300 · TROY, MI 48098	Accounting	$230,627
NEPC, LLC6 years Filed as: NEPC LLC Service code 27 · EIN 26-1429809 255 STATE STREET · BOSTON, MA 02109	Advisory (Plan)	$53,750
ASHER KELLY4 years Service code 29 · EIN 84-3379113 25800 NORTHWESTERN HWY · SOUTHFIELD, MI 48075	Legal	$40,829
AMERICAN REALTY ADVISORS2 years Filed as: AMERICAN GRAPHICS PRINTING CO. Service code 36 · EIN 38-2090031 34985 GROESBECK HWY · CLINTON TOWNSHIP, MI 48035	Copying and duplicating; Direct payme...	$23,086
BULTYNCK & CO., P.L.L.C.1 year Filed as: BULTYNCK & CO., PLLC Service code 10 · EIN 20-3920878 15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038	Accounting	$15,502
NICKEL & SAPH, INC1 year Service code 22 · EIN 38-1799688 44 MACOMB PLACE · MOUNT CLEMENS, MI 48043	Insurance Broker	$10,626

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

$461K

$301 / participant

Recordkeeping$174K37.7%
Investment mgmt$116K25.3%
Legal$43K9.4%
Contract admin$57K12.3%
Other / not subdivided$71K15.3%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

4 / 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: $18,118
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,581

$88,479-15.7%

$96,543-22.7%

$80,187-7.0%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

18.14%

22.53%-4.4pp

35.75%-17.6pp

40.40%-22.3pp

Employer contribution / active EE

$3,972

$4,177-4.9%

$3,741+6.2%

$2,980+33.3%

Participant deferral / active EE

$1,606

$3,961-59.4%

$4,880-67.1%

$5,016-68.0%

Admin fee / account holder

$133

$211-37.2%

$6,737-98.0%

$145-8.4%

Provider

Service type

Compensation

BENESYS, INC.2 years

Service code 10 · EIN 38-2383171

700 TOWER DRIVE STE 300 · TROY, MI 48098

Accounting

$230,627

NEPC, LLC6 years

Filed as: NEPC LLC

Service code 27 · EIN 26-1429809

255 STATE STREET · BOSTON, MA 02109

Advisory (Plan)

$53,750

ASHER KELLY4 years

Service code 29 · EIN 84-3379113

25800 NORTHWESTERN HWY · SOUTHFIELD, MI 48075

Legal

$40,829

AMERICAN REALTY ADVISORS2 years

Filed as: AMERICAN GRAPHICS PRINTING CO.

Service code 36 · EIN 38-2090031

34985 GROESBECK HWY · CLINTON TOWNSHIP, MI 48035

Copying and duplicating; Direct payme...

$23,086

BULTYNCK & CO., P.L.L.C.1 year

Filed as: BULTYNCK & CO., PLLC

Service code 10 · EIN 20-3920878

15985 CANAL ROAD · CLINTON TOWNSHIP, MI 48038

Accounting

$15,502

NICKEL & SAPH, INC1 year

Service code 22 · EIN 38-1799688

44 MACOMB PLACE · MOUNT CLEMENS, MI 48043

Insurance Broker

$10,626

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