Retirement plan

PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN

Name: PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN - PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN (2015) Form 5500
Creator: PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN, PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN

PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLANEIN 52-1190205Plan #001PY 2015

911 RIDGEBROOK ROAD - SPARKS, MD 21152410-683-6500

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$197.3M

-6.0% from 2016

Total participants

2,467

-2.6% from 2016

Average account balance

$88,534

-3.3% from 2016

Annual return

0.53%

-4.70 pp from 2016

Benchmarks

See 297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort297 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$391.71M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

2,993

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$338

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
PLUMBERS & STEAMFITTERS LOCAL 4861+ years Service code 14 · EIN 52-1190205	Plan Administrator	$317,748
ASSOCIATED ADMINISTRATORS, LLC1+ years Service code 13 · EIN 52-0940029	Contract Administrator	$109,417
THE SEGAL COMPANY1+ years Filed as: SEGAL ADVISORS Service code 16 · EIN 13-2646110	Consulting	$36,000
ABATO, RUBENSTEIN & ABATO1+ years Filed as: ABATO, RUBENSTEIN AND ABATO, PA Service code 29 · EIN 52-0904713	Legal	$33,836
WEYRICH, CRONIN & SORRA, LLC1+ years Filed as: WEYRICH, CRONIN & SORRA, CHARTERD Service code 10 · EIN 52-1162023	Accounting	$24,246
THE SEGAL COMPANY1+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 53 · EIN 46-0619194	Insurance Commissions	$10,873
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,315
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO GALLIARD Service code 52 · EIN 94-6751927	Indirect Investment Fees	$0

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$281K

$116 / participant

Contract admin$109K38.9%
Other / not subdivided$172K61.1%

% of EOY assets

0.143%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEYRICH, CRONIN & SORRA, CHARTERED
Auditor EIN: 521162023
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,534

$55,516+59.5%

$75,784+16.8%

$59,188+49.6%

Participation rate

90.2%

73.6%+16.6pp

75.8%+14.4pp

69.4%+20.8pp

Annual return

0.53%

-1.89%+2.4pp

9.68%-9.1pp

5.51%-5.0pp

Employer contribution / active EE

$2,987

$2,604+14.7%

$3,323-10.1%

$2,098+42.4%

Participant deferral / active EE

$1,093

$2,599-57.9%

$3,652-70.1%

$3,265-66.5%

Admin fee / account holder

$126

$110+14.7%

$5,300-97.6%

$92+36.8%

Provider

Service type

Compensation

PLUMBERS & STEAMFITTERS LOCAL 4861+ years

Service code 14 · EIN 52-1190205

Plan Administrator

$317,748

ASSOCIATED ADMINISTRATORS, LLC1+ years

Service code 13 · EIN 52-0940029

Contract Administrator

$109,417

THE SEGAL COMPANY1+ years

Filed as: SEGAL ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$36,000

ABATO, RUBENSTEIN & ABATO1+ years

Filed as: ABATO, RUBENSTEIN AND ABATO, PA

Service code 29 · EIN 52-0904713

Legal

$33,836

WEYRICH, CRONIN & SORRA, LLC1+ years

Filed as: WEYRICH, CRONIN & SORRA, CHARTERD

Service code 10 · EIN 52-1162023

Accounting

$24,246

THE SEGAL COMPANY1+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 53 · EIN 46-0619194

Insurance Commissions

$10,873

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,315

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO GALLIARD

Service code 52 · EIN 94-6751927

Indirect Investment Fees

PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND STEAMFITTERS LOCAL 486 SEVERANCE AND ANNUITY/401(K) 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