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 (2018) 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 2018

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$225.6M

-6.0% from 2016

Total participants

2,887

-2.6% from 2016

Average account balance

$84,909

-3.3% from 2016

Annual return

-6.82%

-4.70 pp from 2016

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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 19 by compensation

Provider	Service type	Compensation
PLUMBERS & STEAMFITTERS LOCAL 4864+ years Service code 14 · EIN 52-1190205	Plan Administrator	$166,000
ASSOCIATED ADMINISTRATORS, LLC4+ years Service code 13 · EIN 52-0940029	Contract Administrator	$124,981
ABATO, RUBENSTEIN & ABATO1 year Filed as: ABATO, RUBENSTEIN & ABATO, P.A. Service code 29 · EIN 52-0904713	Legal	$40,638
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-2646110	Consulting	$36,000
WEYRICH, CRONIN & SORRA, LLC2 years Service code 10 · EIN 81-4643077	Accounting	$25,300
THE SEGAL COMPANY4+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 52 · EIN 46-0619194	Indirect Investment Fees	$24,754
BAIRD FUNDS1 year Filed as: ROBERT BENETT Service code 20 8100 SANDPIPER CIRCLE SUITE 800 · BALTIMORE, MD 21236	Trustee (individual)	$10,482
RODNEY E JEWELL1 year Filed as: RODNEY HORTON Service code 20 7909 PHILADELPHIA ROAD · BALTIMORE, MD 21237	Trustee (individual)	$6,376
DOYLE PRINTING1 year Filed as: DOYLE PRINTING & OFFSET CO., INC. Service code 36 · EIN 53-0191325	Copying and duplicating; Other fees	$5,928
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN WINTHORP Service code 20 60 LOVETON CIRCLE · SPARKS, MD 21152	Trustee (individual)	$5,503

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$306K

$107 / participant

Contract admin$125K40.9%
Other / not subdivided$181K59.1%

% of EOY assets

0.136%

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

$84,909

$60,396+40.6%

$83,831+1.3%

$75,289+12.8%

Participation rate

91.9%

80.7%+11.2pp

76.1%+15.8pp

72.4%+19.5pp

Annual return

-6.82%

3.84%-10.7pp

850.99%-857.8pp

-0.04%-6.8pp

Employer contribution / active EE

$3,159

$3,343-5.5%

$3,631-13.0%

$2,405+31.4%

Participant deferral / active EE

$1,278

$2,922-56.3%

$4,082-68.7%

$3,739-65.8%

Admin fee / account holder

$115

$141-18.5%

$5,479-97.9%

$102+12.5%

Provider

Service type

Compensation

PLUMBERS & STEAMFITTERS LOCAL 4864+ years

Service code 14 · EIN 52-1190205

Plan Administrator

$166,000

ASSOCIATED ADMINISTRATORS, LLC4+ years

Service code 13 · EIN 52-0940029

Contract Administrator

$124,981

ABATO, RUBENSTEIN & ABATO1 year

Filed as: ABATO, RUBENSTEIN & ABATO, P.A.

Service code 29 · EIN 52-0904713

Legal

$40,638

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$36,000

WEYRICH, CRONIN & SORRA, LLC2 years

Service code 10 · EIN 81-4643077

Accounting

$25,300

THE SEGAL COMPANY4+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 52 · EIN 46-0619194

Indirect Investment Fees

$24,754

BAIRD FUNDS1 year

Filed as: ROBERT BENETT

Service code 20

8100 SANDPIPER CIRCLE SUITE 800 · BALTIMORE, MD 21236

Trustee (individual)

$10,482

RODNEY E JEWELL1 year

Filed as: RODNEY HORTON

Service code 20

7909 PHILADELPHIA ROAD · BALTIMORE, MD 21237

Trustee (individual)

$6,376

DOYLE PRINTING1 year

Filed as: DOYLE PRINTING & OFFSET CO., INC.

Service code 36 · EIN 53-0191325

Copying and duplicating; Other fees

$5,928

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN WINTHORP

Service code 20

60 LOVETON CIRCLE · SPARKS, MD 21152

Trustee (individual)

$5,503

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