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 (2023) 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 2023

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

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$428.8M

-8.5% from 2016

Total participants

2,324

-5.0% from 2016

Average account balance

$184,512

No prior year

Annual return

13.60%

-6.70 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

$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 of 11 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY9+ years Filed as: JP MORGAN INVESTMENT MGMT, INC. Service code 27 · EIN 13-3200244	Advisory (Plan)	$254,485
IFM INVESTORS PTY LTD2 years Filed as: IFM INVESTORS Service code 27 114 WEST 47TH STREET · NEW YORK, NY 10036	Advisory (Plan)	$236,080
MILLIMAN, INC.6 years Service code 15 3800 AMERICAN BLVD W. STE 400 · MINNEAPOLIS, MN 55431	Recordkeeping	$149,973
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$145,304
PARAMETRIC PORTFOLIO ASSOCIATES LLC5 years Service code 27 · EIN 45-2531297	Advisory (Plan)	$119,403
MATRIX TRUST COMPANY6 years Service code 27 · EIN 75-3182674	Advisory (Plan)	$98,062
REINHART BOERNER VAN DEUREN S.C.9+ years Service code 27 · EIN 39-1126909	Advisory (Plan)	$65,182
MARQUETTE ASSOCIATES9+ years Service code 17 · EIN 36-3485298	Pension Consulting	$65,000
BENEFIT PLAN ADMINISTRATORS9+ years Filed as: BENEFIT PLAN ADMINISTRATION Service code 14 · EIN 39-1400101	Plan Administrator	$62,226
AMERICAN FUNDS2 years Filed as: CRESCENT CAPITAL GROUP, L.P. Service code 27 · EIN 45-5287411	Advisory (Plan)	$52,424

Plan features & details

Pension benefit codes2C2F2G2J2T

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.
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.
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

$1.2M

$620 / participant

Recordkeeping$150K12.0%
Investment mgmt$851K68.2%
Legal$65K5.2%
Contract admin$61K4.9%
Other / not subdivided$121K9.7%

% of EOY assets

0.291%

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: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $37,415
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,512

$88,479+108.5%

$96,543+91.1%

$80,187+130.1%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

13.60%

22.53%-8.9pp

35.75%-22.1pp

40.40%-26.8pp

Employer contribution / active EE

$8,529

$4,177+104.2%

$3,741+128.0%

$2,980+186.2%

Participant deferral / active EE

$2,536

$3,961-36.0%

$4,880-48.0%

$5,016-49.4%

Admin fee / account holder

$537

$211+154.0%

$6,737-92.0%

$145+270.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: JP MORGAN INVESTMENT MGMT, INC.

Service code 27 · EIN 13-3200244

Advisory (Plan)

$254,485

IFM INVESTORS PTY LTD2 years

Filed as: IFM INVESTORS

Service code 27

114 WEST 47TH STREET · NEW YORK, NY 10036

Advisory (Plan)

$236,080

MILLIMAN, INC.6 years

Service code 15

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

Recordkeeping

$149,973

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$145,304

PARAMETRIC PORTFOLIO ASSOCIATES LLC5 years

Service code 27 · EIN 45-2531297

Advisory (Plan)

$119,403

MATRIX TRUST COMPANY6 years

Service code 27 · EIN 75-3182674

Advisory (Plan)

$98,062

REINHART BOERNER VAN DEUREN S.C.9+ years

Service code 27 · EIN 39-1126909

Advisory (Plan)

$65,182

MARQUETTE ASSOCIATES9+ years

Service code 17 · EIN 36-3485298

Pension Consulting

$65,000

BENEFIT PLAN ADMINISTRATORS9+ years

Filed as: BENEFIT PLAN ADMINISTRATION

Service code 14 · EIN 39-1400101

Plan Administrator

$62,226

AMERICAN FUNDS2 years

Filed as: CRESCENT CAPITAL GROUP, L.P.

Service code 27 · EIN 45-5287411

Advisory (Plan)

$52,424

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