Retirement plan

PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND

Name: BOARD OF TRUSTEES OF TWIN CITY PIPE TRADES PENSION SUPPLEMENT TRUST - PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES OF TWIN CITY PIPE TRADES PENSION SUPPLEMENT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIPE TRADES SERVICES MN PENSION SUPPLEMENT FUND, BOARD OF TRUSTEES OF TWIN CITY PIPE TRADES PENSION SUPPLEMENT TRUST

BOARD OF TRUSTEES OF TWIN CITY PIPE TRADES PENSION SUPPLEMENT TRUSTEIN 41-1539354Plan #002PY 2017

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1156M

-14.8% from 2016

Total participants

9,262

-7.8% from 2016

Average account balance

$124,808

-7.6% from 2016

Annual return

14.45%

-14.88 pp from 2016

Benchmarks

See 55 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort55 peers

Snapshot2017

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 10 by compensation

Provider	Service type	Compensation
PIPE TRADES SERVICES MN, INC.1 year Service code 14 · EIN 41-0761972	Plan Administrator	$393,211
MILLIMAN, INC.2 years Service code 15 · EIN 91-0675641	Recordkeeping	$366,605
LPL FINANCIAL2 years Filed as: LPL FINANCIAL RETIREMENT PARTNERS Service code 16 · EIN 95-2834236	Consulting	$224,663
MATRIX TRUST COMPANY2 years Service code 21 · EIN 75-3182674	Bank Trustee	$105,717
LEONARD, O'BRIEN, SPENCER, GALE1 year Filed as: LEONARD, O'BRIEN, SPENCER, GALE LTD Service code 29 · EIN 41-0956652	Legal	$48,403
PLANTE & MORAN, PLLC3+ years Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$29,376
WALKER, GIROUX, & HAHNE LLC1 year Service code 10 · EIN 46-3893925	Accounting	$9,750
HESSIAN & MCKASY, PA3+ years Service code 29 · EIN 20-1551306	Legal	$8,803
DARWILL1 year Filed as: DARWILL, INC. Service code 49 · EIN 36-2516066	Other Services	$0
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO INSURANCE SERVICES USA Service code 22 · EIN 56-1882208	Insurance Broker	$0

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

$580K

$96 / participant

Contract admin$393K67.8%
Other / not subdivided$186K32.2%

% of EOY assets

0.050%

all-in expense ratio

Categories reported

1 / 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: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,808

$59,184+110.9%

$92,240+35.3%

$177,276-29.6%

Participation rate

100.0%

85.6%+14.4pp

76.5%+23.5pp

74.8%+25.2pp

Annual return

14.45%

15.88%-1.4pp

176.29%-161.8pp

21.25%-6.8pp

Employer contribution / active EE

$8,181

$2,985+174.1%

$3,680+122.3%

$2,479+230.0%

Participant deferral / active EE

$2,859-100.0%

$3,897-100.0%

$3,881-100.0%

Admin fee / account holder

$63

$98-36.4%

$5,194-98.8%

$154-59.4%

Provider

Service type

Compensation

PIPE TRADES SERVICES MN, INC.1 year

Service code 14 · EIN 41-0761972

Plan Administrator

$393,211

MILLIMAN, INC.2 years

Service code 15 · EIN 91-0675641

Recordkeeping

$366,605

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL RETIREMENT PARTNERS

Service code 16 · EIN 95-2834236

Consulting

$224,663

MATRIX TRUST COMPANY2 years

Service code 21 · EIN 75-3182674

Bank Trustee

$105,717

LEONARD, O'BRIEN, SPENCER, GALE1 year

Filed as: LEONARD, O'BRIEN, SPENCER, GALE LTD

Service code 29 · EIN 41-0956652

Legal

$48,403

PLANTE & MORAN, PLLC3+ years

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$29,376

WALKER, GIROUX, & HAHNE LLC1 year

Service code 10 · EIN 46-3893925

Accounting

$9,750

HESSIAN & MCKASY, PA3+ years

Service code 29 · EIN 20-1551306

Legal

$8,803

DARWILL1 year

Filed as: DARWILL, INC.

Service code 49 · EIN 36-2516066

Other Services

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO INSURANCE SERVICES USA

Service code 22 · EIN 56-1882208

Insurance Broker

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