Retirement plan

ROCKFORD PIPE TRADES INDUSTRY 401K PLAN

Name: BD OF TRUSTEES OF THE ROCKFORD PIPE TRADES INDUSTRY 401K PLAN - ROCKFORD PIPE TRADES INDUSTRY 401K PLAN (2023) Form 5500
Creator: BD OF TRUSTEES OF THE ROCKFORD PIPE TRADES INDUSTRY 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCKFORD PIPE TRADES INDUSTRY 401K PLAN, BD OF TRUSTEES OF THE ROCKFORD PIPE TRADES INDUSTRY 401K PLAN

BD OF TRUSTEES OF THE ROCKFORD PIPE TRADES INDUSTRY 401K PLANEIN 39-1951674Plan #002PY 2023

4525 BOEING DRIVE - ROCKFORD, IL 611092934815-397-8350

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$43.6M

+23.6% from 2022

Total participants

787

+9.5% from 2022

Average account balance

$68,443

+22.8% from 2022

Annual return

17.62%

+37.14 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.25M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

717

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$227

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$67,727
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$25,324
STRATEGIC CAPITAL INVESTMENT ADVISO7 years Filed as: STRATEGIC CAPITAL INV. ADVISORS Service code 27 · EIN 36-4268991	Advisory (Plan)	$23,125
LEGACY PROFESSIONALS LLP9+ years Service code 10 · EIN 32-0043599	Accounting	$9,874
BENEFITS MANAGEMENT GROUP, INC.9+ years Service code 14 · EIN 20-0188125	Plan Administrator	$7,914
JOHNSON & KROL, LLC7 years Filed as: JOHNSON & KROL LLC Service code 29 · EIN 36-4342024	Legal	$7,179
AMALGAMATED BANK7 years Filed as: AMALGAMATED BANK OF CHICAGO Service code 21 · EIN 36-0721895	Bank Trustee	$2,066

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

1 tripped

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

$154K

$209 / participant

Recordkeeping$8740.6%
Trustee / custodial$2K1.3%
Investment mgmt$114K73.9%
Legal$7K4.7%
Contract admin$8K5.1%
Other / not subdivided$22K14.4%

% of EOY assets

0.353%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: $9,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,443

$93,010-26.4%

$96,538-29.1%

$74,473-8.1%

Participation rate

79.6%

71.6%+8.0pp

74.3%+5.2pp

70.7%+8.8pp

Annual return

17.62%

37.50%-19.9pp

35.74%-18.1pp

34.36%-16.7pp

Employer contribution / active EE

$3,380

$3,427-1.4%

$3,740-9.6%

$2,638+28.1%

Participant deferral / active EE

$3,403

$3,971-14.3%

$4,880-30.3%

$4,530-24.9%

Admin fee / account holder

$241

$633-61.9%

$6,737-96.4%

$347-30.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$67,727

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$25,324

STRATEGIC CAPITAL INVESTMENT ADVISO7 years

Filed as: STRATEGIC CAPITAL INV. ADVISORS

Service code 27 · EIN 36-4268991

Advisory (Plan)

$23,125

LEGACY PROFESSIONALS LLP9+ years

Service code 10 · EIN 32-0043599

Accounting

$9,874

BENEFITS MANAGEMENT GROUP, INC.9+ years

Service code 14 · EIN 20-0188125

Plan Administrator

$7,914

JOHNSON & KROL, LLC7 years

Filed as: JOHNSON & KROL LLC

Service code 29 · EIN 36-4342024

Legal

$7,179

AMALGAMATED BANK7 years

Filed as: AMALGAMATED BANK OF CHICAGO

Service code 21 · EIN 36-0721895

Bank Trustee

$2,066

ROCKFORD PIPE TRADES INDUSTRY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCKFORD PIPE TRADES INDUSTRY 401K 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