Retirement plan

ELECTRICAL WORKERS LOCAL 242 401(K) PLAN

Name: TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLAN - ELECTRICAL WORKERS LOCAL 242 401(K) PLAN (2019) Form 5500
Creator: TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL WORKERS LOCAL 242 401(K) PLAN, TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLAN

TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLANEIN 41-1972744Plan #004PY 2019

2002 LONDON ROAD, ROOM 300 - DULUTH, MN 558122152218-728-4231

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$15M

+31.1% from 2018

Total participants

434

-1.6% from 2018

Average account balance

$36,665

+32.0% from 2018

Annual return

24.66%

+28.28 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.99M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

633

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

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.5+ years Service code 13 · EIN 91-0675641	Contract Administrator	$20,064
WILSON-MCSHANE CORPORATION1 year Service code 13 · EIN 41-0956552	Contract Administrator	$6,000
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$5,837
RESOURCES INVESTMENT ADVISORS LLC3 years Filed as: RESOURCES INVESTMENT ADVISORS Service code 26 · EIN 43-1451524	Advisory (Participants)	$5,139

Plan features & details

Pension benefit codes2G2J

Plan features

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.

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

$45K

$122 / participant

Investment mgmt$11K24.3%
Contract admin$26K57.6%
Other / not subdivided$8K18.1%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,665

$66,650-45.0%

$92,915-60.5%

$67,582-45.7%

Participation rate

93.3%

72.5%+20.8pp

76.0%+17.3pp

71.3%+22.0pp

Annual return

24.66%

92.64%-68.0pp

109.45%-84.8pp

378.57%-353.9pp

Employer contribution / active EE

$2,777-100.0%

$3,653-100.0%

$2,148-100.0%

Participant deferral / active EE

$2,966

$3,160-6.1%

$4,238-30.0%

$3,539-16.2%

Admin fee / account holder

$111

$199-44.5%

$5,796-98.1%

$142-22.3%

Provider

Service type

Compensation

MILLIMAN, INC.5+ years

Service code 13 · EIN 91-0675641

Contract Administrator

$20,064

WILSON-MCSHANE CORPORATION1 year

Service code 13 · EIN 41-0956552

Contract Administrator

$6,000

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

$5,837

RESOURCES INVESTMENT ADVISORS LLC3 years

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 26 · EIN 43-1451524

Advisory (Participants)

$5,139

ELECTRICAL WORKERS LOCAL 242 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRICAL WORKERS LOCAL 242 401(K) 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