Retirement plan

PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND

Name: BOARD OF TRUSTEES OF THE PIPE TRADES SERVICES MN PENSION SUPPLEMENT TR - PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE PIPE TRADES SERVICES MN PENSION SUPPLEMENT TR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND, BOARD OF TRUSTEES OF THE PIPE TRADES SERVICES MN PENSION SUPPLEMENT TR

BOARD OF TRUSTEES OF THE PIPE TRADES SERVICES MN PENSION SUPPLEMENT TREIN 41-1539354Plan #002PY 2024

4461 WHITE BEAR PARKWAY - WHITE BEAR LAKE, MN 55110651-645-4540

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1820.2M

-14.8% from 2016

Total participants

9,838

-7.8% from 2016

Average account balance

$185,020

-7.6% from 2016

Annual return

14.37%

-14.88 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort80 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82B

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

9,838

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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
PIPE TRADES SERVICES MN, INC.8 years Service code 14 · EIN 41-0918427	Plan Administrator	$659,996
MILLIMAN, INC.9 years Service code 11 · EIN 91-0675641	Actuarial	$587,266
INTERCONTINENTAL REAL ESTATE CORP1 year Service code 28 · EIN 04-2895544	Investment Management	$256,928
FRANCIS INVESTMENT COUNCIL1 year Filed as: FRANCIS LLC Service code 28 · EIN 90-0142264	Investment Management	$217,280
MATRIX TRUST COMPANY9 years Service code 21 · EIN 75-3182674	Bank Trustee	$173,121
TAFT STETTINIUS & HOLLISTER LLP5 years Service code 29 · EIN 31-0541755	Legal	$120,566
PLANTE & MORAN, PLLC10+ years Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 33-1498605	Accounting	$60,500
HONSA-BINDER PRINTING, INC.2 years Service code 36 · EIN 41-1605232	Direct payment from the plan; Copying...	$6,160

Plan features & details

Pension benefit codes2A2E2F2G

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2.4M

$403 / participant

Investment mgmt$648K27.2%
Legal$121K5.1%
Actuarial$587K24.7%
Contract admin$660K27.7%
Other / not subdivided$364K15.3%

% of EOY assets

0.131%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $60,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$185,020

$86,936+112.8%

$102,437+80.6%

$99,313+86.3%

Participation rate

100.0%

81.7%+18.3pp

74.5%+25.5pp

71.7%+28.3pp

Annual return

14.37%

14.99%-0.6pp

24.95%-10.6pp

17.67%-3.3pp

Employer contribution / active EE

$10,987

$3,925+179.9%

$3,871+183.8%

$3,264+236.6%

Participant deferral / active EE

$3,825-100.0%

$5,060-100.0%

$5,346-100.0%

Admin fee / account holder

$242

$140+72.4%

$8,388-97.1%

$109+121.6%

Provider

Service type

Compensation

PIPE TRADES SERVICES MN, INC.8 years

Service code 14 · EIN 41-0918427

Plan Administrator

$659,996

MILLIMAN, INC.9 years

Service code 11 · EIN 91-0675641

Actuarial

$587,266

INTERCONTINENTAL REAL ESTATE CORP1 year

Service code 28 · EIN 04-2895544

Investment Management

$256,928

FRANCIS INVESTMENT COUNCIL1 year

Filed as: FRANCIS LLC

Service code 28 · EIN 90-0142264

Investment Management

$217,280

MATRIX TRUST COMPANY9 years

Service code 21 · EIN 75-3182674

Bank Trustee

$173,121

TAFT STETTINIUS & HOLLISTER LLP5 years

Service code 29 · EIN 31-0541755

Legal

$120,566

PLANTE & MORAN, PLLC10+ years

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 33-1498605

Accounting

$60,500

HONSA-BINDER PRINTING, INC.2 years

Service code 36 · EIN 41-1605232

Direct payment from the plan; Copying...

$6,160

PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND

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