Retirement plan

PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLA - PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLA

BOARD OF TRUSTEES PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLAEIN 47-0822012Plan #002PY 2021

4801 F STREET - OMAHA, NE 681171406402-341-8771

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.3M

+51.9% from 2020

Total participants

495

+30.6% from 2020

Average account balance

$83,159

+53.1% from 2020

Annual return

52.45%

+60.73 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.37M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

407

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.

52.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

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

+3.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$292

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 6 by compensation

Provider	Service type	Compensation
FIRST NATIONAL BANK OF OMAHA4 years Service code 15 · EIN 47-0259043	Recordkeeping	$54,537
KUTAK ROCK LLP6+ years Filed as: KUTAK ROCK, LLP Service code 29 · EIN 47-0597598	Legal	$33,277
COTTONWOOD ADVISORS, LLC6+ years Service code 16 · EIN 20-4591722	Consulting	$12,292
LUTZ & COMPANY, PC6+ years Filed as: LUTZ AND COMPANY PC Service code 10 · EIN 47-0625816	Accounting	$9,525
MERTZ INSURANCE2 years Service code 22 · EIN 47-0832337	Insurance Broker	$7,065
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$1,139

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$122K

$255 / participant

Investment mgmt$67K54.8%
Other / not subdivided$55K45.2%

% of EOY assets

0.390%

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: LUTZ & COMPANY, PC
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,159

$78,275+6.2%

$109,188-23.8%

$86,821-4.2%

Participation rate

75.2%

73.8%+1.3pp

75.9%-0.7pp

72.3%+2.9pp

Annual return

52.45%

19.14%+33.3pp

25.76%+26.7pp

97.94%-45.5pp

Employer contribution / active EE

$3,105-100.0%

$3,723-100.0%

$2,406-100.0%

Participant deferral / active EE

$1,939

$3,641-46.7%

$4,654-58.3%

$4,132-53.1%

Admin fee / account holder

$324

$198+63.4%

$6,755-95.2%

$170+91.2%

Provider

Service type

Compensation

FIRST NATIONAL BANK OF OMAHA4 years

Service code 15 · EIN 47-0259043

Recordkeeping

$54,537

KUTAK ROCK LLP6+ years

Filed as: KUTAK ROCK, LLP

Service code 29 · EIN 47-0597598

Legal

$33,277

COTTONWOOD ADVISORS, LLC6+ years

Service code 16 · EIN 20-4591722

Consulting

$12,292

LUTZ & COMPANY, PC6+ years

Filed as: LUTZ AND COMPANY PC

Service code 10 · EIN 47-0625816

Accounting

$9,525

MERTZ INSURANCE2 years

Service code 22 · EIN 47-0832337

Insurance Broker

$7,065

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$1,139

PLUMBERS LOCAL UNION NO. 16 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS LOCAL UNION NO. 16 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