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 (2017) 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 2017

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$244M

-6.0% from 2016

Total participants

2,723

-2.6% from 2016

Average account balance

$98,175

-3.3% from 2016

Annual return

15.99%

-4.70 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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 10 of 15 by compensation

Provider	Service type	Compensation
ASSOCIATED ADMINISTRATORS, LLC3+ years Service code 13 · EIN 52-0940029	Contract Administrator	$114,346
PLUMBERS & STEAMFITTERS LOCAL 4861 year Filed as: PLUMBERS & STEAMFITTERS LOCAL 486 S Service code 14 · EIN 52-1190205	Plan Administrator	$114,068
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-2646110	Consulting	$36,000
CHUBB1 year Filed as: CHUBB FIDUCIARY LIABILITY INSURANCE Service code 51 · EIN 13-1963496	Investment Mgmt Fees	$24,530
WEYRICH, CRONIN & SORRA, LLC1 year Service code 10 · EIN 81-4643077	Accounting	$19,100
ABATO, RUBENSTEIN & ABATO3+ years Filed as: ABATO, RUBENSTEIN AND ABATO, PA Service code 29 · EIN 52-0904713	Legal	$17,670
LEONARD CARDER, LLP1 year Filed as: LEONARD SCHULER Service code 20 3 OLD GARRETT COURT · WHITE HALL, MD 21163	Trustee (individual)	$7,128
THE SEGAL COMPANY3+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 53	Insurance Commissions	$3,708
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$775
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$248K

$92 / participant

Contract admin$114K46.1%
Other / not subdivided$134K53.9%

% of EOY assets

0.102%

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, LLC
Auditor EIN: 814643077
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,175

$221,442-55.7%

$92,240+6.4%

$77,958+25.9%

Participation rate

91.2%

79.6%+11.6pp

76.5%+14.7pp

71.6%+19.5pp

Annual return

15.99%

15.65%+0.3pp

176.29%-160.3pp

20.87%-4.9pp

Employer contribution / active EE

$3,116

$3,226-3.4%

$3,680-15.3%

$2,310+34.9%

Participant deferral / active EE

$1,171

$2,779-57.9%

$3,897-70.0%

$3,537-66.9%

Admin fee / account holder

$100

$210-52.4%

$5,194-98.1%

$97+2.6%

Provider

Service type

Compensation

ASSOCIATED ADMINISTRATORS, LLC3+ years

Service code 13 · EIN 52-0940029

Contract Administrator

$114,346

PLUMBERS & STEAMFITTERS LOCAL 4861 year

Filed as: PLUMBERS & STEAMFITTERS LOCAL 486 S

Service code 14 · EIN 52-1190205

Plan Administrator

$114,068

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$36,000

CHUBB1 year

Filed as: CHUBB FIDUCIARY LIABILITY INSURANCE

Service code 51 · EIN 13-1963496

Investment Mgmt Fees

$24,530

WEYRICH, CRONIN & SORRA, LLC1 year

Service code 10 · EIN 81-4643077

Accounting

$19,100

ABATO, RUBENSTEIN & ABATO3+ years

Filed as: ABATO, RUBENSTEIN AND ABATO, PA

Service code 29 · EIN 52-0904713

Legal

$17,670

LEONARD CARDER, LLP1 year

Filed as: LEONARD SCHULER

Service code 20

3 OLD GARRETT COURT · WHITE HALL, MD 21163

Trustee (individual)

$7,128

THE SEGAL COMPANY3+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 53

Insurance Commissions

$3,708

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$775

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

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