Retirement plan

PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFINED CONTRIBUTION PLAN

Name: THE BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEF - PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: THE BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEF
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFINED CONTRIBUTION PLAN, THE BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEF

THE BOARD OF TRUSTEES OF PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFEIN 56-1442440Plan #001PY 2024

2010 NW 150TH AVENUE, SUITE 200 - PEMBROKE PINES, FL 33028954-266-6322

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$63.5M

+15.1% from 2023

Total participants

1,377

-71.3% from 2023

Average account balance

$46,123

+300.7% from 2023

Annual return

8.33%

+2.30 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.51M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$46K

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.

1,377

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$433

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 9 by compensation

Provider	Service type	Compensation
NATIONAL EMPLOYEE BENEFIT ADMIN8 years Service code 13 · EIN 65-0498809	Contract Administrator	$110,234
ATLANTA CAPITAL MANAGEMENT5 years Service code 28 · EIN 58-2236910	Investment Management	$85,632
US REAL ESTATE INVESTMENT FUND LLC2 years Filed as: U.S REAL STATE INVESTMENT FUND, LLC Service code 28 · EIN 04-2895544	Investment Management	$56,634
LAPADULA CARLSON & CO8 years Service code 10 · EIN 62-0292391	Accounting	$56,132
ARNALL GOLDEN GREGORY LLP4 years Filed as: ARNALL, GOLDEN, GREGORY LPP Service code 29 · EIN 58-0543673	Legal	$50,732
HARDMAN JOHNSTON GLOBAL ADVISORS8 years Service code 27 · EIN 13-3257590	Advisory (Plan)	$40,984
NEWTOWER TRUST COMPANY7 years Filed as: NEW TOWER TRUST CO Service code 28 · EIN 30-0872552	Investment Management	$37,854
INVESTMENT PERFORMANCE SERVICES2 years Filed as: INVESTMENT PERFORMANCE SERVICES, LL Service code 19 · EIN 58-2432390	Securities Custodian	$26,667
WEDGE CAPITAL MANAGEMENT7 years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 28 · EIN 56-1557450	Investment Management	$15,869

Plan features & details

Pension benefit codes2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$596K

$447 / participant

Trustee / custodial$1K0.2%
Investment mgmt$316K52.9%
Legal$51K8.5%
Salaries / allowances$29K4.8%
Other trustee fees$21K3.6%
Contract admin$100K16.8%
Other / not subdivided$78K13.1%

% of EOY assets

0.939%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAPADULA CARLSON & CO.
Auditor EIN: 650292391
Audit fees: $56,132
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,123

$241,850-80.9%

$102,412-55.0%

$199,960-76.9%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

8.33%

17.67%-9.3pp

24.94%-16.6pp

34.28%-25.9pp

Employer contribution / active EE

$5,431

$4,253+27.7%

$3,870+40.3%

$3,036+78.9%

Participant deferral / active EE

$3,961-100.0%

$5,060-100.0%

$5,087-100.0%

Admin fee / account holder

$433

$288+50.4%

$8,388-94.8%

$269+60.8%

Provider

Service type

Compensation

NATIONAL EMPLOYEE BENEFIT ADMIN8 years

Service code 13 · EIN 65-0498809

Contract Administrator

$110,234

ATLANTA CAPITAL MANAGEMENT5 years

Service code 28 · EIN 58-2236910

Investment Management

$85,632

US REAL ESTATE INVESTMENT FUND LLC2 years

Filed as: U.S REAL STATE INVESTMENT FUND, LLC

Service code 28 · EIN 04-2895544

Investment Management

$56,634

LAPADULA CARLSON & CO8 years

Service code 10 · EIN 62-0292391

Accounting

$56,132

ARNALL GOLDEN GREGORY LLP4 years

Filed as: ARNALL, GOLDEN, GREGORY LPP

Service code 29 · EIN 58-0543673

Legal

$50,732

HARDMAN JOHNSTON GLOBAL ADVISORS8 years

Service code 27 · EIN 13-3257590

Advisory (Plan)

$40,984

NEWTOWER TRUST COMPANY7 years

Filed as: NEW TOWER TRUST CO

Service code 28 · EIN 30-0872552

Investment Management

$37,854

INVESTMENT PERFORMANCE SERVICES2 years

Filed as: INVESTMENT PERFORMANCE SERVICES, LL

Service code 19 · EIN 58-2432390

Securities Custodian

$26,667

WEDGE CAPITAL MANAGEMENT7 years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 28 · EIN 56-1557450

Investment Management

$15,869

PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBERS AND PIPEFITTERS OF THE CAROLINAS DEFINED CONTRIBUTION 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