Retirement plan

PLUMBERS & PIPEFITTERS LOCAL #25 401K PLAN

Name: PLUMBERS & PIPEFITTERS LOCAL #25 - PLUMBERS & PIPEFITTERS LOCAL #25 401K PLAN (2024) Form 5500
Creator: PLUMBERS & PIPEFITTERS LOCAL #25
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS & PIPEFITTERS LOCAL #25 401K PLAN, PLUMBERS & PIPEFITTERS LOCAL #25

PLUMBERS & PIPEFITTERS LOCAL #25EIN 42-1444511Plan #001PY 2024

1903 52ND AVENUE - MOLINE, IL 61265309-794-1170LinkedIn11-50 employeesentertainment

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$104.8M

+19.6% from 2023

Total participants

1,605

+3.6% from 2023

Average account balance

$65,291

+15.5% from 2023

Annual return

18.88%

-5.00 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$104.79M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

1,605

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

$5.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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
FRINGE BENEFITS DESIGN OF MN, INC.7 years Filed as: P&P 25 FRINGE BENEFIT FUNDS LLC Service code 13 · EIN 82-2768063 4600 46TH AVE · ROCK ISLAND, IL 61201	Contract Administrator	$119,867
BAUM SIGMAN AUERBACH & NEUMAN, LTD10+ years Filed as: BAUM & SIGMAN Service code 29 · EIN 36-2744057 200 W ADAMS ST, SUITE 2200 · CHICAGO, IL 60606	Legal	$10,702
INVESTMENT CONSULTING GROUP9 years Service code 27 · EIN 42-1358707 5117 JERSEY RIDGE RD · DAVENPORT, IA 52807	Advisory (Plan)	$10,000
CALIBRE CPA GROUP PLLC8 years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880 230 W MONROE AVE SUITE 310 · CHICAGO, IL 60606	Accounting	$9,986

Plan features & details

Pension benefit codes2G2J2T

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.
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

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

$177K

$110 / participant

Investment mgmt$10K5.6%
Legal$11K6.0%
Actuarial$2K0.9%
Contract admin$120K67.6%
Other / not subdivided$35K19.8%

% of EOY assets

0.169%

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: CALIBRE CPA GROUP
Auditor EIN: 470900880
Audit fees: $9,986
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,291

$241,850-73.0%

$102,412-36.2%

$199,960-67.3%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

18.88%

17.67%+1.2pp

24.94%-6.1pp

34.28%-15.4pp

Employer contribution / active EE

$1,242

$4,253-70.8%

$3,870-67.9%

$3,036-59.1%

Participant deferral / active EE

$2,146

$3,961-45.8%

$5,060-57.6%

$5,087-57.8%

Admin fee / account holder

$110

$288-61.6%

$8,388-98.7%

$269-59.0%

Provider

Service type

Compensation

FRINGE BENEFITS DESIGN OF MN, INC.7 years

Filed as: P&P 25 FRINGE BENEFIT FUNDS LLC

Service code 13 · EIN 82-2768063

4600 46TH AVE · ROCK ISLAND, IL 61201

Contract Administrator

$119,867

BAUM SIGMAN AUERBACH & NEUMAN, LTD10+ years

Filed as: BAUM & SIGMAN

Service code 29 · EIN 36-2744057

200 W ADAMS ST, SUITE 2200 · CHICAGO, IL 60606

Legal

$10,702

INVESTMENT CONSULTING GROUP9 years

Service code 27 · EIN 42-1358707

5117 JERSEY RIDGE RD · DAVENPORT, IA 52807

Advisory (Plan)

$10,000

CALIBRE CPA GROUP PLLC8 years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

230 W MONROE AVE SUITE 310 · CHICAGO, IL 60606

Accounting

$9,986

PLUMBERS & PIPEFITTERS LOCAL #25 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS & PIPEFITTERS LOCAL #25 401K 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