Retirement plan

ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN

Name: TRUSTEES OF ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN - ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN (2023) Form 5500
Creator: TRUSTEES OF ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN, TRUSTEES OF ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN

TRUSTEES OF ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLANEIN 41-6046858Plan #005PY 2023

1330 CONWAY STREET, SUITE 130 - ST. PAUL, MN 55106651-776-4239

Other plans on this EIN

2 filings

#001Retirement-$332.1M assets #003Retirement-$254.0M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$172.1M

+11.4% from 2022

Total participants

1,534

+0.2% from 2022

Average account balance

$113,062

+11.7% from 2022

Annual return

13.16%

+28.70 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$204.04M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

1,525

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+25.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.5 years Filed as: MILLIMAN Service code 27 · EIN 91-0675641	Advisory (Plan)	$120,231
WILSON-MCSHANE CORPORATION5 years Service code 13 · EIN 41-0956552	Contract Administrator	$85,653
INVESTMENT CONSULTING SERVICES, LLC8+ years Service code 26 · EIN 32-0016703	Advisory (Participants)	$60,000
CLIFTONLARSONALLEN LLP8+ years Service code 10 · EIN 41-0746749	Accounting	$17,640
MCGRANN SHEA CARNIVAL STRAUGHN & LA4 years Filed as: MCGRANN SHEA CARNIVAL STRAUGN & LAM Service code 29 · EIN 41-1654544	Legal	$8,988

Plan features & details

Pension benefit codes2G2J2F2T

Plan features

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

2 tripped

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

$322K

$232 / participant

Investment mgmt$180K56.0%
Contract admin$88K27.5%
Other / not subdivided$53K16.5%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,062

$112,686+0.3%

$170,043-33.5%

$80,157+41.0%

Participation rate

99.1%

87.4%+11.7pp

87.0%+12.1pp

72.9%+26.2pp

Annual return

13.16%

67.04%-53.9pp

53.40%-40.2pp

40.39%-27.2pp

Employer contribution / active EE

$4,481-100.0%

$6,790-100.0%

$2,977-100.0%

Participant deferral / active EE

$5,274

$7,876-33.0%

$10,410-49.3%

$5,015+5.2%

Admin fee / account holder

$211

$99+113.2%

$12,824-98.4%

$145+45.8%

Provider

Service type

Compensation

MILLIMAN, INC.5 years

Filed as: MILLIMAN

Service code 27 · EIN 91-0675641

Advisory (Plan)

$120,231

WILSON-MCSHANE CORPORATION5 years

Service code 13 · EIN 41-0956552

Contract Administrator

$85,653

INVESTMENT CONSULTING SERVICES, LLC8+ years

Service code 26 · EIN 32-0016703

Advisory (Participants)

$60,000

CLIFTONLARSONALLEN LLP8+ years

Service code 10 · EIN 41-0746749

Accounting

$17,640

MCGRANN SHEA CARNIVAL STRAUGHN & LA4 years

Filed as: MCGRANN SHEA CARNIVAL STRAUGN & LAM

Service code 29 · EIN 41-1654544

Legal

$8,988

ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. PAUL ELECTRICAL CONSTRUCTION WORKERS 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