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 (2016) 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 2016

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

Other plans on this EIN

1 filing

#001Retirement-$41.3M assets

Prospect flagsLow returnsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$248K

-99.5% from 2015

Total participants

-100.0% from 2015

Average account balance

-100.0% from 2015

Annual return

-96.04%

-93.99 pp from 2015

Benchmarks

See 35,836 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort35,836 peers

Snapshot2016

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$57,065
LEONARD CARDER, LLP2+ years Filed as: LEONARD, O'BRIEN, SPENCER Service code 10 · EIN 41-0991071	Accounting	$54,053
WILSON-MCSHANE CORPORATION2+ years Filed as: WILSON MCSHANE CORP. Service code 10 · EIN 41-0882304	Accounting	$12,561
BAUMAN ASSOCIATES2+ years Service code 10 · EIN 39-1277627	Accounting	$7,890

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$181K

Other / not subdivided$181K100.0%

% of EOY assets

73.152%

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

$99,345-100.0%

$84,753-100.0%

$273,970-100.0%

Participation rate

0.0%

80.7%-80.7pp

76.6%-76.6pp

83.0%-83.0pp

Annual return

-96.04%

22.93%-119.0pp

22.78%-118.8pp

41.46%-137.5pp

Employer contribution / active EE

$4,214-100.0%

$3,574-100.0%

$4,869-100.0%

Participant deferral / active EE

$4,270-100.0%

$3,712-100.0%

$5,287-100.0%

Admin fee / account holder

$6,645-100.0%

$5,333-100.0%

$10,132-100.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$57,065

LEONARD CARDER, LLP2+ years

Filed as: LEONARD, O'BRIEN, SPENCER

Service code 10 · EIN 41-0991071

Accounting

$54,053

WILSON-MCSHANE CORPORATION2+ years

Filed as: WILSON MCSHANE CORP.

Service code 10 · EIN 41-0882304

Accounting

$12,561

BAUMAN ASSOCIATES2+ years

Service code 10 · EIN 39-1277627

Accounting

$7,890

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