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 (2019) 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 2019

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.8M

+25.9% from 2018

Total participants

842

+6.6% from 2018

Average account balance

$47,470

+20.4% from 2018

Annual return

21.05%

+28.37 pp from 2018

Benchmarks

See 1,258 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,258 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
STRATEGIC CAPITAL INVESTMENT ADVISO1 year Filed as: STRATEGIC CAPITAL Service code 27 700 E. BUTTERFIELD ROAD · LOMBARD, IL 60148	Advisory (Plan)	$26,413
NOVAK BIRKS, P.C.5+ years Service code 10 · EIN 43-1122456	Accounting	$22,522
SPENCER FANE LLP5+ years Filed as: SPENCER FANE BRITT & BROWNE LLP Service code 29 · EIN 44-0561981	Legal	$8,504

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

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

$96K

$129 / participant

Investment mgmt$21K21.5%
Other / not subdivided$76K78.5%

% of EOY assets

0.269%

all-in expense ratio

Categories reported

1 / 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

$47,470

$66,601-28.7%

$92,903-48.9%

$67,579-29.8%

Participation rate

88.4%

72.5%+15.9pp

76.0%+12.4pp

71.3%+17.1pp

Annual return

21.05%

92.58%-71.5pp

109.43%-88.4pp

378.56%-357.5pp

Employer contribution / active EE

$792

$2,775-71.4%

$3,653-78.3%

$2,148-63.1%

Participant deferral / active EE

$1,944

$3,157-38.4%

$4,238-54.1%

$3,539-45.1%

Admin fee / account holder

$127

$199-35.9%

$5,795-97.8%

$142-10.4%

Provider

Service type

Compensation

STRATEGIC CAPITAL INVESTMENT ADVISO1 year

Filed as: STRATEGIC CAPITAL

Service code 27

700 E. BUTTERFIELD ROAD · LOMBARD, IL 60148

Advisory (Plan)

$26,413

NOVAK BIRKS, P.C.5+ years

Service code 10 · EIN 43-1122456

Accounting

$22,522

SPENCER FANE LLP5+ years

Filed as: SPENCER FANE BRITT & BROWNE LLP

Service code 29 · EIN 44-0561981

Legal

$8,504

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