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 (2019) 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 2019

9411 PHILADELPHIA RD, SUITE S - BALTIMORE, MD 212374168443-573-3639

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$276.4M

-6.0% from 2016

Total participants

2,941

-2.6% from 2016

Average account balance

$102,257

-3.3% from 2016

Annual return

21.90%

-4.70 pp from 2016

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

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

Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
ASSOCIATED ADMINISTRATORS, LLC5+ years Service code 13 · EIN 52-0940029	Contract Administrator	$94,561
ABATO, RUBENSTEIN & ABATO2 years Filed as: ABATO, RUBENSTEIN & ABATO, P.A. Service code 29 · EIN 52-0904713	Legal	$56,200
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-2646110	Consulting	$36,000
WEYRICH, CRONIN & SORRA, LLC3 years Service code 10 · EIN 81-4643077	Accounting	$28,052
THE SEGAL COMPANY5+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 53 · EIN 46-0619194	Insurance Commissions	$27,755
BENEFITS ADMINISTRATION CORPORATION1 year Service code 13 · EIN 52-1139156 9411 PHILADELPHIA ROAD, SUITE S · BALTIMORE, MD 21237	Contract Administrator	$14,417
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,121
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CRM3 years Service code 52 · EIN 84-0996383	Indirect Investment Fees	$0
NORTHERN FUNDS3 years Service code 52 · EIN 36-3608252	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

$297K

$102 / participant

Contract admin$109K36.7%
Other / not subdivided$188K63.3%

% of EOY assets

0.108%

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

$102,257

$66,051+54.8%

$92,916+10.1%

$77,775+31.5%

Participation rate

91.8%

81.0%+10.8pp

76.0%+15.8pp

73.2%+18.6pp

Annual return

21.90%

20.69%+1.2pp

109.45%-87.6pp

32.58%-10.7pp

Employer contribution / active EE

$2,944

$3,426-14.1%

$3,654-19.4%

$2,504+17.6%

Participant deferral / active EE

$1,297

$3,013-56.9%

$4,238-69.4%

$3,966-67.3%

Admin fee / account holder

$110

$148-25.6%

$5,796-98.1%

$100+9.9%

Provider

Service type

Compensation

ASSOCIATED ADMINISTRATORS, LLC5+ years

Service code 13 · EIN 52-0940029

Contract Administrator

$94,561

ABATO, RUBENSTEIN & ABATO2 years

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

Service code 29 · EIN 52-0904713

Legal

$56,200

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-2646110

Consulting

$36,000

WEYRICH, CRONIN & SORRA, LLC3 years

Service code 10 · EIN 81-4643077

Accounting

$28,052

THE SEGAL COMPANY5+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 53 · EIN 46-0619194

Insurance Commissions

$27,755

BENEFITS ADMINISTRATION CORPORATION1 year

Service code 13 · EIN 52-1139156

9411 PHILADELPHIA ROAD, SUITE S · BALTIMORE, MD 21237

Contract Administrator

$14,417

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,121

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CRM3 years

Service code 52 · EIN 84-0996383

Indirect Investment Fees

NORTHERN FUNDS3 years

Service code 52 · EIN 36-3608252

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