Retirement plan

UA LOCAL 125 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES UA LOCAL 125 RETIREMENT SAVINGS PLAN - UA LOCAL 125 RETIREMENT SAVINGS PLAN (2023) 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 2023

1831 16TH AVE. SW - CEDAR RAPIDS, IA 52404319-362-6062

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$146.3M

+19.3% from 2022

Total participants

1,242

+5.5% from 2022

Average account balance

$117,795

+13.0% from 2022

Annual return

15.73%

+27.17 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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
MEKETA INVESTMENT GROUP8 years Filed as: MEKETA INVESTMENT GROUP INC. Service code 27 · EIN 04-2659023	Advisory (Plan)	$76,250
REINHART BOERNER VAN DEUREN S.C.3 years Filed as: REINHART Service code 29 · EIN 39-1126909	Legal	$48,608
CLIFTONLARSONALLEN LLP9+ years Service code 10 · EIN 41-0746749	Accounting	$45,680
EASTERN IOWA FRINGE BENEFITS9+ 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

$229K

$220 / participant

Investment mgmt$80K34.8%
Legal$49K21.2%
Contract admin$37K16.2%
Other / not subdivided$64K27.8%

% of EOY assets

0.157%

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: $45,680
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,795

$88,479+33.1%

$96,538+22.0%

$80,169+46.9%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

15.73%

22.53%-6.8pp

35.74%-20.0pp

40.39%-24.7pp

Employer contribution / active EE

$5,256

$4,177+25.8%

$3,740+40.5%

$2,978+76.5%

Participant deferral / active EE

$3,727

$3,961-5.9%

$4,880-23.6%

$5,016-25.7%

Admin fee / account holder

$185

$211-12.7%

$6,737-97.3%

$145+27.3%

Provider

Service type

Compensation

MEKETA INVESTMENT GROUP8 years

Filed as: MEKETA INVESTMENT GROUP INC.

Service code 27 · EIN 04-2659023

Advisory (Plan)

$76,250

REINHART BOERNER VAN DEUREN S.C.3 years

Filed as: REINHART

Service code 29 · EIN 39-1126909

Legal

$48,608

CLIFTONLARSONALLEN LLP9+ years

Service code 10 · EIN 41-0746749

Accounting

$45,680

EASTERN IOWA FRINGE BENEFITS9+ 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