Retirement plan

PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K

Name: PLUMBERS & STEAMFITTERS LOCAL 434 LOCAL 434 - PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K (2024) Form 5500
Creator: PLUMBERS & STEAMFITTERS LOCAL 434 LOCAL 434
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K, PLUMBERS & STEAMFITTERS LOCAL 434 LOCAL 434

PLUMBERS & STEAMFITTERS LOCAL 434 LOCAL 434EIN 39-1905166Plan #001PY 2024

912 NORTH VIEW DRIVE - MOSINEE, WI 54455715-692-4341ua400.orgLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$115.4M

+12.0% from 2023

Total participants

1,804

+1.9% from 2023

Average account balance

$90,528

+9.9% from 2023

Annual return

8.08%

-4.34 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115.42M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

1,275

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.10+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$108,394
REINHART BOERNER VAN DEUREN S.C.10+ years Filed as: REINHART, BOERNER, VAN DUREN Service code 29 · EIN 39-1126909	Legal	$41,601
HIGHCROFT INVESTMENT ADVISORS, LLC10+ years Service code 27 · EIN 04-3046611	Advisory (Plan)	$34,740
MATRIX TRUST COMPANY10+ years Service code 21 · EIN 75-3182674 717 17TH ST SUITE 1300 · DENVER, CO 80202	Bank Trustee	$25,464
BAUMAN ASSOCIATES10+ years Service code 10 · EIN 39-1277627	Accounting	$15,060
WILSON-MCSHANE CORPORATION10+ years Filed as: WILSON-MCSHANE Service code 14 · EIN 41-0956552	Plan Administrator	$13,560
COMBINED CRAFTS STATEWIDE1 year Filed as: COMBINED CRAFTS Service code 10 · EIN 39-1400101	Accounting	$5,384
FRSECURE1 year Filed as: FR SECURE LLC Service code 70 6550 YORK AVE S. 500 · EDINA, MN 55435	Consulting Fees	$5,000

Plan features & details

Pension benefit codes2E2G2J2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$278K

$159 / participant

Recordkeeping$108K39.1%
Trustee / custodial$25K9.2%
Investment mgmt$35K12.5%
Legal$42K15.0%
Other trustee fees$4430.2%
Contract admin$14K4.9%
Other / not subdivided$53K19.2%

% of EOY assets

0.240%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAUMAN ASSOCIATES
Auditor EIN: 391277627
Audit fees: $15,060
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,528

$241,850-62.6%

$102,437-11.6%

$200,096-54.8%

Participation rate

69.7%

78.3%-8.6pp

74.5%-4.8pp

72.0%-2.3pp

Annual return

8.08%

17.67%-9.6pp

24.95%-16.9pp

34.26%-26.2pp

Employer contribution / active EE

$4,515

$4,253+6.2%

$3,871+16.6%

$3,038+48.6%

Participant deferral / active EE

$1,078

$3,961-72.8%

$5,060-78.7%

$5,090-78.8%

Admin fee / account holder

$218

$288-24.4%

$8,388-97.4%

$269-19.2%

Provider

Service type

Compensation

MILLIMAN, INC.10+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$108,394

REINHART BOERNER VAN DEUREN S.C.10+ years

Filed as: REINHART, BOERNER, VAN DUREN

Service code 29 · EIN 39-1126909

Legal

$41,601

HIGHCROFT INVESTMENT ADVISORS, LLC10+ years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$34,740

MATRIX TRUST COMPANY10+ years

Service code 21 · EIN 75-3182674

717 17TH ST SUITE 1300 · DENVER, CO 80202

Bank Trustee

$25,464

BAUMAN ASSOCIATES10+ years

Service code 10 · EIN 39-1277627

Accounting

$15,060

WILSON-MCSHANE CORPORATION10+ years

Filed as: WILSON-MCSHANE

Service code 14 · EIN 41-0956552

Plan Administrator

$13,560

COMBINED CRAFTS STATEWIDE1 year

Filed as: COMBINED CRAFTS

Service code 10 · EIN 39-1400101

Accounting

$5,384

FRSECURE1 year

Filed as: FR SECURE LLC

Service code 70

6550 YORK AVE S. 500 · EDINA, MN 55435

Consulting Fees

$5,000

PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS & STEAMFITTERS LOCAL 434 AND MCA SUPPLEMENTAL 401K

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