Retirement plan

PENSION PLAN OF THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST

Name: PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST - PENSION PLAN OF THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST (2024) Form 5500
Creator: PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN OF THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST, PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST

PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUSTEIN 42-6086687Plan #001PY 2024

2501 BELL AVENUE - DES MOINES, IA 503211118515-243-3246LinkedIn11-50 employees

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$331M

-7.1% from 2016

Total participants

2,198

-5.0% from 2016

Average account balance

No prior year

Annual return

10.18%

-4.58 pp from 2016

Benchmarks

See 155 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$330.99M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

894

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+10.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
JPMORGAN INVEST HOLDINGS LLC9 years Filed as: JP MORGAN CHASE BANK Service code 28 · EIN 13-4994650	Investment Management	$293,709
FOX ROTHSCHILD LLP5 years Filed as: FOX ROTHSCHILD Service code 29 · EIN 23-1404723	Legal	$242,951
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: BARINGS INTERNATIONAL INV LTD Service code 28 · EIN 51-0504477	Investment Management	$127,495
EMERGING MARKETS VALUE PORTFOLIO1 year Filed as: EMERGING MARKETS EQUITY FUND Service code 28 · EIN 45-2081287	Investment Management	$120,647
JAMA BARBOUR10+ years Service code 14 · EIN 42-6086687	Plan Administrator	$115,294
ASSET STRATEGY CONSULTANTS10+ years Filed as: ASSET CONSULTING GROUP Service code 27 · EIN 43-1512694	Advisory (Plan)	$96,000
THE SEGAL COMPANY10+ years Service code 11 · EIN 13-1975125	Actuarial	$89,261
BRIDGEWAY BENEFIT TECHNOLOGIES1 year Service code 15 · EIN 52-1796473	Recordkeeping	$85,061
JORDYN COX4 years Service code 30 · EIN 42-6086687	Employee (plan)	$62,072
GLOBAL TRUST COMPANY3 years Service code 28 · EIN 30-6537520	Investment Management	$62,066

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$1394 / participant

Recordkeeping$14K0.8%
Trustee / custodial$44K2.4%
Investment mgmt$818K45.0%
Legal$246K13.5%
Actuarial$89K4.9%
Other trustee fees$3050.0%
Contract admin$259K14.3%
Other / not subdivided$348K19.1%

% of EOY assets

0.549%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEBOER & ASSOCIATES, PC
Auditor EIN: 470836395
Audit fees: $23,313
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

10.18%

10.33%-0.2pp

8.10%+2.1pp

9.30%+0.9pp

Employer contribution / active EE

$18,149

$14,972+21.2%

$28,649-36.7%

$12,551+44.6%

Participant deferral / active EE

$252-100.0%

$10-100.0%

$2,867-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC9 years

Filed as: JP MORGAN CHASE BANK

Service code 28 · EIN 13-4994650

Investment Management

$293,709

FOX ROTHSCHILD LLP5 years

Filed as: FOX ROTHSCHILD

Service code 29 · EIN 23-1404723

Legal

$242,951

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: BARINGS INTERNATIONAL INV LTD

Service code 28 · EIN 51-0504477

Investment Management

$127,495

EMERGING MARKETS VALUE PORTFOLIO1 year

Filed as: EMERGING MARKETS EQUITY FUND

Service code 28 · EIN 45-2081287

Investment Management

$120,647

JAMA BARBOUR10+ years

Service code 14 · EIN 42-6086687

Plan Administrator

$115,294

ASSET STRATEGY CONSULTANTS10+ years

Filed as: ASSET CONSULTING GROUP

Service code 27 · EIN 43-1512694

Advisory (Plan)

$96,000

THE SEGAL COMPANY10+ years

Service code 11 · EIN 13-1975125

Actuarial

$89,261

BRIDGEWAY BENEFIT TECHNOLOGIES1 year

Service code 15 · EIN 52-1796473

Recordkeeping

$85,061

JORDYN COX4 years

Service code 30 · EIN 42-6086687

Employee (plan)

$62,072

GLOBAL TRUST COMPANY3 years

Service code 28 · EIN 30-6537520

Investment Management

$62,066

PENSION PLAN OF THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN OF THE PLUMBERS AND STEAMFITTERS LOCAL UNION NO. 33 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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