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 (2016) 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 2016

911 RIDGEBROOK ROAD - SPARKS, MD 211529451410-683-6500

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$210M

-6.0% from 2016

Total participants

2,532

-2.6% from 2016

Average account balance

$91,563

-3.3% from 2016

Annual return

5.24%

-4.70 pp from 2016

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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 7 by compensation

Provider	Service type	Compensation
PLUMBERS & STEAMFITTERS LOCAL 4862+ years Service code 14 · EIN 52-1190205	Plan Administrator	$321,677
ASSOCIATED ADMINISTRATORS, LLC2+ years Service code 13 · EIN 52-0940029	Contract Administrator	$112,373
THE SEGAL COMPANY2+ years Filed as: SEGAL ADVISORS Service code 16 · EIN 13-2646110	Consulting	$36,000
WEYRICH, CRONIN & SORRA, LLC2+ years Filed as: WEYRICH, CRONIN & SORRA, CHARTERD Service code 10 · EIN 52-1162023	Accounting	$27,575
ABATO, RUBENSTEIN & ABATO2+ years Filed as: ABATO, RUBENSTEIN AND ABATO, PA Service code 29 · EIN 52-0904713	Legal	$18,370
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,160
THE SEGAL COMPANY2+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 53	Insurance Commissions	$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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$257K

$103 / participant

Contract admin$112K43.6%
Other / not subdivided$145K56.4%

% of EOY assets

0.123%

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
Auditor EIN: 521162023
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,563

$54,392+68.3%

$84,753+8.0%

$63,975+43.1%

Participation rate

90.5%

76.9%+13.6pp

76.6%+13.9pp

71.1%+19.3pp

Annual return

5.24%

611.38%-606.1pp

22.78%-17.5pp

48.65%-43.4pp

Employer contribution / active EE

$3,134

$2,943+6.5%

$3,574-12.3%

$2,182+43.7%

Participant deferral / active EE

$1,118

$2,593-56.9%

$3,712-69.9%

$3,356-66.7%

Admin fee / account holder

$112

$136-17.4%

$5,333-97.9%

$70+59.4%

Provider

Service type

Compensation

PLUMBERS & STEAMFITTERS LOCAL 4862+ years

Service code 14 · EIN 52-1190205

Plan Administrator

$321,677

ASSOCIATED ADMINISTRATORS, LLC2+ years

Service code 13 · EIN 52-0940029

Contract Administrator

$112,373

THE SEGAL COMPANY2+ years

Filed as: SEGAL ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$36,000

WEYRICH, CRONIN & SORRA, LLC2+ years

Filed as: WEYRICH, CRONIN & SORRA, CHARTERD

Service code 10 · EIN 52-1162023

Accounting

$27,575

ABATO, RUBENSTEIN & ABATO2+ years

Filed as: ABATO, RUBENSTEIN AND ABATO, PA

Service code 29 · EIN 52-0904713

Legal

$18,370

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,160

THE SEGAL COMPANY2+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 53

Insurance Commissions

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