Retirement plan

O.P.C.M.I.A. LOCAL 561 RETIREMENT PLAN

Name: OPERATIVE PLASTERERS & CEMENT MASONS INTL - O.P.C.M.I.A. LOCAL 561 RETIREMENT PLAN (2024) Form 5500
Creator: OPERATIVE PLASTERERS & CEMENT MASONS INTL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, O.P.C.M.I.A. LOCAL 561 RETIREMENT PLAN, OPERATIVE PLASTERERS & CEMENT MASONS INTL

OPERATIVE PLASTERERS & CEMENT MASONS INTLEIN 42-0634044Plan #003PY 2024

7440 WOODLAND DRIVE - INDIANAPOLIS, IN 46278800-621-6912

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$6.5M

+13.2% from 2023

Total participants

-28.6% from 2023

Average account balance

$101,159

+18.5% from 2023

Annual return

13.97%

+13.50 pp from 2023

Benchmarks

See 18,526 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,526 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.47M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

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

$356K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6703

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2F2G2T3C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$429K

$6703 / participant

Other / not subdivided$429K100.0%

% of EOY assets

6.626%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,159

$81,504+24.1%

$102,437-1.2%

$80,959+25.0%

Participation rate

98.4%

66.9%+31.6pp

74.5%+23.9pp

67.7%+30.8pp

Annual return

13.97%

25.60%-11.6pp

24.95%-11.0pp

35.67%-21.7pp

Employer contribution / active EE

$5,568

$3,104+79.4%

$3,871+43.9%

$2,757+101.9%

Participant deferral / active EE

$3,871-100.0%

$5,060-100.0%

$4,300-100.0%

Admin fee / account holder

$6,703

$6,719-0.2%

$8,388-20.1%

$6,925-3.2%

O.P.C.M.I.A. LOCAL 561 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

O.P.C.M.I.A. LOCAL 561 RETIREMENT 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