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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$32.3M

+3.4% from 2021

Total participants

387

-21.8% from 2021

Average account balance

$86,678

+4.2% from 2021

Annual return

3.32%

-49.13 pp from 2021

Benchmarks

See 112 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort112 peers

Snapshot2022

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
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ FINANCIAL SOLUTIONS Service code 27 · EIN 52-1396995	Advisory (Plan)	$118,287
LUTZ & COMPANY, PC1 year Filed as: LUTZ Service code 10 · EIN 47-0625816	Accounting	$25,615
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY Service code 27 · EIN 81-3968784	Advisory (Plan)	$25,220
KUTAK ROCK LLP1 year Service code 29 · EIN 47-0597598	Legal	$24,607
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$21,610
PREMIER CONSULTING1 year Service code 13 · EIN 26-1441725	Contract Administrator	$6,453

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

$224K

$901 / participant

Investment mgmt$142K63.5%
Contract admin$32K14.1%
Other / not subdivided$50K22.4%

% of EOY assets

0.694%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUTZ & COMPANY, P.C.
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,678

$180,329-51.9%

$112,263-22.8%

Participation rate

94.4%

66.3%+28.1pp

75.1%+19.3pp

Annual return

3.32%

-16.34%+19.7pp

27.49%-24.2pp

Employer contribution / active EE

$2,897-100.0%

$3,636-100.0%

Participant deferral / active EE

$4,334

$3,332+30.1%

$4,729-8.4%

Admin fee / account holder

$601

$20,035-97.0%

$6,410-90.6%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ FINANCIAL SOLUTIONS

Service code 27 · EIN 52-1396995

Advisory (Plan)

$118,287

LUTZ & COMPANY, PC1 year

Filed as: LUTZ

Service code 10 · EIN 47-0625816

Accounting

$25,615

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY

Service code 27 · EIN 81-3968784

Advisory (Plan)

$25,220

KUTAK ROCK LLP1 year

Service code 29 · EIN 47-0597598

Legal

$24,607

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$21,610

PREMIER CONSULTING1 year

Service code 13 · EIN 26-1441725

Contract Administrator

$6,453

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