Retirement plan

NORTHERN MECHANICAL/PLUMBING LOCAL 11 401(K) P/S PLAN

Name: NORTHERN MECHANICAL/PLUMBING CONTRACTORS ASSN - NORTHERN MECHANICAL/PLUMBING LOCAL 11 401(K) P/S PLAN (2015) Form 5500
Creator: NORTHERN MECHANICAL/PLUMBING CONTRACTORS ASSN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN MECHANICAL/PLUMBING LOCAL 11 401(K) P/S PLAN, NORTHERN MECHANICAL/PLUMBING CONTRACTORS ASSN

NORTHERN MECHANICAL/PLUMBING CONTRACTORS ASSNEIN 41-0882304Plan #002PY 2015

2002 LONDON ROAD, SUITE 300 - DULUTH, MN 55812800-570-1012

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$50.5M

No prior year

Total participants

595

No prior year

Average account balance

$90,987

No prior year

Annual return

-2.05%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$50,178
LEONARD CARDER, LLP1+ years Filed as: LEONARD, O'BRIEN, SPENCER Service code 10 · EIN 41-0991071	Accounting	$31,187
WILSON-MCSHANE CORPORATION1+ years Filed as: WILSON MCSHANE CORP. Service code 10 · EIN 41-0882304	Accounting	$12,254
ANDERSON & REED, LLP1+ years Filed as: ANDERSON INSURANCE Service code 10 · EIN 99-9999999	Accounting	$10,554
BAUMAN ASSOCIATES1+ years Service code 10 · EIN 39-1277627	Accounting	$10,120

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing 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

3 tripped

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

$136K

$244 / participant

Other / not subdivided$136K100.0%

% of EOY assets

0.268%

all-in expense ratio

Categories reported

0 / 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, LTD
Auditor EIN: 391277627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,987

$50,498+80.2%

$75,784+20.1%

$55,191+64.9%

Participation rate

92.8%

69.4%+23.4pp

75.8%+17.0pp

69.2%+23.6pp

Annual return

-2.05%

1.80%-3.8pp

9.68%-11.7pp

10.78%-12.8pp

Employer contribution / active EE

$4,432

$2,291+93.5%

$3,323+33.4%

$1,899+133.4%

Participant deferral / active EE

$946

$2,589-63.5%

$3,652-74.1%

$3,046-69.0%

Admin fee / account holder

$244

$123+98.4%

$5,300-95.4%

$91+169.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$50,178

LEONARD CARDER, LLP1+ years

Filed as: LEONARD, O'BRIEN, SPENCER

Service code 10 · EIN 41-0991071

Accounting

$31,187

WILSON-MCSHANE CORPORATION1+ years

Filed as: WILSON MCSHANE CORP.

Service code 10 · EIN 41-0882304

Accounting

$12,254

ANDERSON & REED, LLP1+ years

Filed as: ANDERSON INSURANCE

Service code 10 · EIN 99-9999999

Accounting

$10,554

BAUMAN ASSOCIATES1+ years

Service code 10 · EIN 39-1277627

Accounting

$10,120

NORTHERN MECHANICAL/PLUMBING LOCAL 11 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN MECHANICAL/PLUMBING LOCAL 11 401(K) P/S 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