Retirement plan

PLUMBERS AND STEAMFITTERS LOCAL 400 AND MECHANICAL CONTRACTORS ASSOCIATION OF NORTH CENTRAL WISCONSIN PROFIT SHARING/401(K) PLAN

Name: BOARD OF TRUSTEES - PLUMBERS AND STEAMFITTERS LOCAL 400 AND MECHANICAL CONTRACTORS ASSOCIATION OF NORTH CENTRAL WISCONSIN PROFIT SHARING/401(K) PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND STEAMFITTERS LOCAL 400 AND MECHANICAL CONTRACTORS ASSOCIATION OF NORTH CENTRAL WISCONSIN PROFIT SHARING/401(K) PLAN, BOARD OF TRUSTEES

BOARD OF TRUSTEESEIN 39-1511099Plan #001PY 2020

P.O. BOX 530 - KAUKAUNA, WI 541300530920-462-0400

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$380.3M

-8.5% from 2016

Total participants

2,085

-5.0% from 2016

Average account balance

$186,525

No prior year

Annual return

12.38%

-6.70 pp from 2016

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$476.81M

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

2,411

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$442

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 10 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6+ years Filed as: JP MORGAN INVESTMENT MGMT, INC. Service code 27 · EIN 13-3200244	Advisory (Plan)	$248,544
MILLIMAN, INC.3 years Service code 15 3800 AMERICAN BLVD W. STE 400 · MINNEAPOLIS, MN 55431	Recordkeeping	$160,904
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$131,491
PARAMETRIC PORTFOLIO ASSOCIATES LLC2 years Service code 28 · EIN 45-2531297	Investment Management	$90,878
MATRIX TRUST COMPANY3 years Service code 28 · EIN 75-3182674	Investment Management	$89,805
AMERICAN FUNDS2 years Filed as: CRESCENT CAPITAL HIGH INCOME FUND Service code 27 · EIN 45-5287411	Advisory (Plan)	$88,123
REINHART BOERNER VAN DEUREN S.C.6+ years Service code 27 · EIN 39-1126909	Advisory (Plan)	$77,762
MARQUETTE ASSOCIATES6+ years Service code 17 · EIN 36-3485298	Pension Consulting	$60,000
BENEFIT PLAN ADMINISTRATORS6+ years Filed as: BENEFIT PLAN ADMINISTRATION Service code 14 · EIN 39-1400101	Plan Administrator	$58,962
SIKICH LLP1 year Service code 10 · EIN 36-3168081	Accounting	$31,150

Plan features & details

Pension benefit codes2C2F2G2K2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$654 / participant

Investment mgmt$709K63.8%
Contract admin$58K5.3%
Other / not subdivided$344K30.9%

% of EOY assets

0.292%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,525

$81,719+128.3%

$101,275+84.2%

$90,274+106.6%

Participation rate

97.3%

80.7%+16.6pp

75.8%+21.5pp

73.4%+23.9pp

Annual return

12.38%

337.64%-325.3pp

46.46%-34.1pp

53.97%-41.6pp

Employer contribution / active EE

$8,767

$3,622+142.0%

$3,660+139.5%

$2,523+247.4%

Participant deferral / active EE

$1,815

$3,310-45.1%

$4,370-58.5%

$4,231-57.1%

Admin fee / account holder

$545

$162+236.6%

$5,948-90.8%

$114+377.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: JP MORGAN INVESTMENT MGMT, INC.

Service code 27 · EIN 13-3200244

Advisory (Plan)

$248,544

MILLIMAN, INC.3 years

Service code 15

3800 AMERICAN BLVD W. STE 400 · MINNEAPOLIS, MN 55431

Recordkeeping

$160,904

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$131,491

PARAMETRIC PORTFOLIO ASSOCIATES LLC2 years

Service code 28 · EIN 45-2531297

Investment Management

$90,878

MATRIX TRUST COMPANY3 years

Service code 28 · EIN 75-3182674

Investment Management

$89,805

AMERICAN FUNDS2 years

Filed as: CRESCENT CAPITAL HIGH INCOME FUND

Service code 27 · EIN 45-5287411

Advisory (Plan)

$88,123

REINHART BOERNER VAN DEUREN S.C.6+ years

Service code 27 · EIN 39-1126909

Advisory (Plan)

$77,762

MARQUETTE ASSOCIATES6+ years

Service code 17 · EIN 36-3485298

Pension Consulting

$60,000

BENEFIT PLAN ADMINISTRATORS6+ years

Filed as: BENEFIT PLAN ADMINISTRATION

Service code 14 · EIN 39-1400101

Plan Administrator

$58,962

SIKICH LLP1 year

Service code 10 · EIN 36-3168081

Accounting

$31,150

PLUMBERS AND STEAMFITTERS LOCAL 400 AND MECHANICAL CONTRACTORS ASSOCIATION OF NORTH CENTRAL WISCONSIN PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND STEAMFITTERS LOCAL 400 AND MECHANICAL CONTRACTORS ASSOCIATION OF NORTH CENTRAL WISCONSIN PROFIT SHARING/401(K) 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