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 (2020) 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 2020

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$85.7M

+14.5% from 2019

Total participants

1,556

+35.3% from 2019

Average account balance

$76,294

+11.1% from 2019

Annual return

10.87%

-8.75 pp from 2019

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

$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 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.6+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$80,411
REINHART BOERNER VAN DEUREN S.C.6+ years Filed as: REINHART, BOERNER, VAN DUREN Service code 29 · EIN 39-1126909	Legal	$63,053
HIGHCROFT INVESTMENT ADVISORS, LLC6+ years Service code 27 · EIN 04-3046611	Advisory (Plan)	$32,095
MATRIX TRUST COMPANY6+ years Service code 21 · EIN 75-3182674 717 17TH ST SUITE 1300 · DENVER, CO 80202	Bank Trustee	$28,766
BAUMAN ASSOCIATES6+ years Service code 10 · EIN 39-1277627	Accounting	$15,750
WILSON-MCSHANE CORPORATION6+ years Filed as: WILSON-MCSHANE Service code 10 · EIN 41-0956552	Accounting	$14,616

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$267K

$175 / participant

Investment mgmt$29K10.8%
Contract admin$12K4.5%
Other / not subdivided$226K84.7%

% of EOY assets

0.312%

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: BAUMAN ASSOCIATES
Auditor EIN: 391277627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,294

$81,719-6.6%

$101,275-24.7%

$90,274-15.5%

Participation rate

71.6%

80.7%-9.1pp

75.8%-4.2pp

73.4%-1.7pp

Annual return

10.87%

337.64%-326.8pp

46.48%-35.6pp

53.97%-43.1pp

Employer contribution / active EE

$3,054

$3,622-15.7%

$3,660-16.6%

$2,523+21.0%

Participant deferral / active EE

$1,099

$3,310-66.8%

$4,371-74.8%

$4,231-74.0%

Admin fee / account holder

$238

$162+46.9%

$5,948-96.0%

$114+108.5%

Provider

Service type

Compensation

MILLIMAN, INC.6+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$80,411

REINHART BOERNER VAN DEUREN S.C.6+ years

Filed as: REINHART, BOERNER, VAN DUREN

Service code 29 · EIN 39-1126909

Legal

$63,053

HIGHCROFT INVESTMENT ADVISORS, LLC6+ years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$32,095

MATRIX TRUST COMPANY6+ years

Service code 21 · EIN 75-3182674

717 17TH ST SUITE 1300 · DENVER, CO 80202

Bank Trustee

$28,766

BAUMAN ASSOCIATES6+ years

Service code 10 · EIN 39-1277627

Accounting

$15,750

WILSON-MCSHANE CORPORATION6+ years

Filed as: WILSON-MCSHANE

Service code 10 · EIN 41-0956552

Accounting

$14,616

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