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 (2021) 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 2021

9411 PHILADELPHIA RD, SUITE S - BALTIMORE, MD 212374168410-683-6500

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$372.4M

-6.0% from 2016

Total participants

2,999

-2.6% from 2016

Average account balance

$135,167

-3.3% from 2016

Annual return

15.28%

-4.70 pp from 2016

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 38 · EIN 04-1590850	Participant Communication	$717,959
BENEFITS ADMINISTRATION CORPORATION3 years Service code 13 · EIN 52-1139156	Contract Administrator	$86,716
THE SEGAL COMPANY5 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$39,000
ABATO, RUBENSTEIN & ABATO1 year Service code 29 · EIN 52-0904713	Legal	$36,990
WEYRICH, CRONIN & SORRA, LLC5 years Service code 10 · EIN 81-4643077	Accounting	$24,858
BAIRD FUNDS4 years Filed as: ROBERT BENETT Service code 20 8100 SANDPIPER CIRCLE SUITE 800 · BALTIMORE, MD 21236	Trustee (individual)	$6,159
THE SEGAL COMPANY7+ years Filed as: SEGAL SELECT INSURANCE SERVICES Service code 53	Insurance Commissions	$4,179
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CRM5 years Service code 52 · EIN 84-0996383	Indirect Investment Fees	$0
NORTHERN FUNDS5 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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$977K

$330 / participant

Investment mgmt$757K77.5%
Contract admin$87K8.9%
Other / not subdivided$134K13.7%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,167

$88,770+52.3%

$109,191+23.8%

$93,010+45.3%

Participation rate

91.8%

81.5%+10.3pp

75.9%+15.9pp

73.9%+17.9pp

Annual return

15.28%

60.64%-45.4pp

25.76%-10.5pp

158.70%-143.4pp

Employer contribution / active EE

$2,883

$3,780-23.7%

$3,723-22.6%

$2,705+6.6%

Participant deferral / active EE

$1,392

$3,630-61.6%

$4,653-70.1%

$4,561-69.5%

Admin fee / account holder

$355

$172+105.9%

$6,756-94.7%

$152+133.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 38 · EIN 04-1590850

Participant Communication

$717,959

BENEFITS ADMINISTRATION CORPORATION3 years

Service code 13 · EIN 52-1139156

Contract Administrator

$86,716

THE SEGAL COMPANY5 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$39,000

ABATO, RUBENSTEIN & ABATO1 year

Service code 29 · EIN 52-0904713

Legal

$36,990

WEYRICH, CRONIN & SORRA, LLC5 years

Service code 10 · EIN 81-4643077

Accounting

$24,858

BAIRD FUNDS4 years

Filed as: ROBERT BENETT

Service code 20

8100 SANDPIPER CIRCLE SUITE 800 · BALTIMORE, MD 21236

Trustee (individual)

$6,159

THE SEGAL COMPANY7+ years

Filed as: SEGAL SELECT INSURANCE SERVICES

Service code 53

Insurance Commissions

$4,179

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CRM5 years

Service code 52 · EIN 84-0996383

Indirect Investment Fees

NORTHERN FUNDS5 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