Retirement plan

UA LOCAL 125 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES UA LOCAL 125 RETIREMENT SAVINGS PLAN - UA LOCAL 125 RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES UA LOCAL 125 RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UA LOCAL 125 RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES UA LOCAL 125 RETIREMENT SAVINGS PLAN

BOARD OF TRUSTEES UA LOCAL 125 RETIREMENT SAVINGS PLANEIN 42-1497403Plan #002PY 2024

5001 J STREET SW, SUITE 100 - CEDAR RAPIDS, IA 52404319-362-6062

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$164.4M

+12.4% from 2023

Total participants

1,287

+3.6% from 2023

Average account balance

$127,774

+8.5% from 2023

Annual return

12.29%

-3.44 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

$164.45M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

1,287

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

$10.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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
REINHART BOERNER VAN DEUREN S.C.1 year Filed as: REINHART BOERNER VAN DEUREN Service code 29 · EIN 39-1126909	Legal	$88,197
MEKETA INVESTMENT GROUP9 years Filed as: MEKETA INVESTMENT GROUP INC. Service code 27 · EIN 04-2659023	Advisory (Plan)	$77,500
CLIFTONLARSONALLEN LLP10+ years Service code 10 · EIN 41-0746749	Accounting	$40,619
EASTERN IOWA FRINGE BENEFITS10+ years Service code 13 · EIN 42-1395230	Contract Administrator	$36,000

Plan features & details

Pension benefit codes2F2H2J

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$295K

$274 / participant

Investment mgmt$78K26.3%
Legal$88K29.9%
Contract admin$37K12.6%
Other / not subdivided$92K31.3%

% of EOY assets

0.180%

all-in expense ratio

Categories reported

3 / 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: $40,619
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,774

$241,850-47.2%

$102,437+24.7%

$200,096-36.1%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

12.29%

17.67%-5.4pp

24.95%-12.7pp

34.26%-22.0pp

Employer contribution / active EE

$5,850

$4,253+37.6%

$3,871+51.1%

$3,038+92.6%

Participant deferral / active EE

$3,750

$3,961-5.3%

$5,060-25.9%

$5,090-26.3%

Admin fee / account holder

$229

$288-20.4%

$8,388-97.3%

$269-14.8%

Provider

Service type

Compensation

REINHART BOERNER VAN DEUREN S.C.1 year

Filed as: REINHART BOERNER VAN DEUREN

Service code 29 · EIN 39-1126909

Legal

$88,197

MEKETA INVESTMENT GROUP9 years

Filed as: MEKETA INVESTMENT GROUP INC.

Service code 27 · EIN 04-2659023

Advisory (Plan)

$77,500

CLIFTONLARSONALLEN LLP10+ years

Service code 10 · EIN 41-0746749

Accounting

$40,619

EASTERN IOWA FRINGE BENEFITS10+ years

Service code 13 · EIN 42-1395230

Contract Administrator

$36,000

UA LOCAL 125 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UA LOCAL 125 RETIREMENT SAVINGS 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