Retirement plan

PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS

Name: PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS - PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS (2022) Form 5500
Creator: PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS, PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS

PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSASEIN 48-0923596Plan #001PY 2022

625 ENTERPRISE DR - OAK BROOK, IL 605238813316-265-4291

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$75.2M

-9.5% from 2021

Total participants

1,506

+2.5% from 2021

Average account balance

$49,962

-11.7% from 2021

Annual return

-10.40%

-22.87 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.44M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

1,816

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 8 by compensation

Provider	Service type	Compensation
SPENCER FANE LLP6 years Service code 29 · EIN 44-0561981 1000 WALNUT ST, STE 1400 · KANSAS CITY, MO 64106	Legal	$139,057
IMA WEALTH INC1 year Filed as: IMA WEALTH Service code 27 430 E DOUGLAS AVE 400 · WICHITA, KS 67202	Advisory (Plan)	$86,667
BMGI3 years Service code 13 625 ENTERPRISE DR · OAK BROOK, IL 60523	Contract Administrator	$51,752
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$43,468
MORROW & CO., LLC5 years Filed as: MORROW & CO LLC Service code 10 · EIN 48-1142797 421 E 3RD ST N · WICHITA, KS 67202	Accounting	$26,096
VINEYARD WEALTH MANAGEMENT LLC6 years Service code 27 · EIN 41-2263025	Advisory (Plan)	$12,021
WASHINGTON CAPITAL MANAGEMENT, INC.1 year Filed as: WASHINGTON STREET INSURANCE Service code 23 P.O. BOX 360 · PALOS PARK, IL 60464	Direct payment from the plan; Insuran...	$9,095
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,743

Plan features & details

Pension benefit codes2E2J2F2G2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$141K

$114 / participant

Investment mgmt$138K97.8%
Contract admin$52K36.6%

% of EOY assets

0.188%

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: MORROW & CO LLC
Auditor EIN: 481142797
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,962

$76,774-34.9%

$112,263-55.5%

$77,906-35.9%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-10.40%

-10.25%-0.1pp

27.49%-37.9pp

12.16%-22.6pp

Employer contribution / active EE

$3,887

$3,977-2.3%

$3,636+6.9%

$2,846+36.6%

Participant deferral / active EE

$1,079

$3,778-71.5%

$4,729-77.2%

$4,805-77.6%

Admin fee / account holder

$94

$239-60.7%

$6,410-98.5%

$133-29.2%

Provider

Service type

Compensation

SPENCER FANE LLP6 years

Service code 29 · EIN 44-0561981

1000 WALNUT ST, STE 1400 · KANSAS CITY, MO 64106

Legal

$139,057

IMA WEALTH INC1 year

Filed as: IMA WEALTH

Service code 27

430 E DOUGLAS AVE 400 · WICHITA, KS 67202

Advisory (Plan)

$86,667

BMGI3 years

Service code 13

625 ENTERPRISE DR · OAK BROOK, IL 60523

Contract Administrator

$51,752

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$43,468

MORROW & CO., LLC5 years

Filed as: MORROW & CO LLC

Service code 10 · EIN 48-1142797

421 E 3RD ST N · WICHITA, KS 67202

Accounting

$26,096

VINEYARD WEALTH MANAGEMENT LLC6 years

Service code 27 · EIN 41-2263025

Advisory (Plan)

$12,021

WASHINGTON CAPITAL MANAGEMENT, INC.1 year

Filed as: WASHINGTON STREET INSURANCE

Service code 23

P.O. BOX 360 · PALOS PARK, IL 60464

Direct payment from the plan; Insuran...

$9,095

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,743

PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBING & PIPEFITTING INDUSTRY RETIREMENT PLAN OF KANSAS

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