Retirement plan

PLUMBERS & GASFITTERS LOCAL UNION NO. 8 DEFINED CONTRIBUTION PLAN

Name: PLUMBERS LOCAL 8 DC PLAN - PLUMBERS & GASFITTERS LOCAL UNION NO. 8 DEFINED CONTRIBUTION PLAN (2018) Form 5500
Creator: PLUMBERS LOCAL 8 DC PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS & GASFITTERS LOCAL UNION NO. 8 DEFINED CONTRIBUTION PLAN, PLUMBERS LOCAL 8 DC PLAN

PLUMBERS LOCAL 8 DC PLANEIN 43-1869060Plan #001PY 2018

5950 MANCHESTER TRFY SUITE 1 - KANSAS CITY, MO 64130816-361-0666ualocal8.orgLinkedIn1-10 employeesconstruction

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$28.5M

-5.9% from 2017

Total participants

790

+7.2% from 2017

Average account balance

$39,421

-9.6% from 2017

Annual return

-7.32%

-22.57 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.64M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

982

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.13M

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

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 2 by compensation

Provider	Service type	Compensation
NOVAK BIRKS, P.C.4+ years Service code 10 · EIN 43-1122456	Accounting	$35,920
SPENCER FANE LLP4+ years Filed as: SPENCER FANE BRITT & BROWNE LLP Service code 29 · EIN 44-0561981	Legal	$21,833

Plan features & details

Pension benefit codes2E2J2G2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$112K

$160 / participant

Other / not subdivided$112K100.0%

% of EOY assets

0.393%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NOVAK BIRKS, P.C.
Auditor EIN: 431122456
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,421

$56,443-30.2%

$83,830-53.0%

$55,725-29.3%

Participation rate

90.3%

72.0%+18.2pp

76.1%+14.1pp

70.9%+19.4pp

Annual return

-7.32%

393.67%-401.0pp

850.97%-858.3pp

244.93%-252.3pp

Employer contribution / active EE

$724

$2,682-73.0%

$3,631-80.0%

$2,078-65.1%

Participant deferral / active EE

$1,788

$2,965-39.7%

$4,082-56.2%

$3,356-46.7%

Admin fee / account holder

$155

$156-0.9%

$5,479-97.2%

$115+34.4%

Provider

Service type

Compensation

NOVAK BIRKS, P.C.4+ years

Service code 10 · EIN 43-1122456

Accounting

$35,920

SPENCER FANE LLP4+ years

Filed as: SPENCER FANE BRITT & BROWNE LLP

Service code 29 · EIN 44-0561981

Legal

$21,833

PLUMBERS & GASFITTERS LOCAL UNION NO. 8 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS & GASFITTERS LOCAL UNION NO. 8 DEFINED CONTRIBUTION 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