Retirement plan

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

Name: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED - U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST (2024) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST, BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINED

BOARD OF TRUSTEES, U.A. LOCAL NO. 447 DEFINEDdba CONTRIBUTION PLAN AND TRUSTEIN 68-0401920Plan #002PY 2024

PO BOX 191030 - SACRAMENTO, CA 95819916-457-0821

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$110.6M

+16.2% from 2023

Total participants

1,565

+6.7% from 2023

Average account balance

-100.0% from 2023

Annual return

11.84%

+4.12 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$123.11M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

688

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 17 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER Service code 50 8515 E ORCHARD RD · GRENNWOOD VILLAGE, CO 80111	Direct Payment	$74,647
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 15 · EIN 52-1796473	Recordkeeping	$53,852
ISLIP & CO7 years Service code 10 · EIN 68-0344156	Accounting	$50,815
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE #1 Service code 30 · EIN 94-1268305	Employee (plan)	$41,980
MILLER KAPLAN ARASE LLP9+ years Service code 10 · EIN 95-2036255	Accounting	$32,912
US BANK9+ years Service code 21 · EIN 31-0841368	Bank Trustee	$30,386
EMPLOYEE 51 year Filed as: EMPLOYEE #4 Service code 30 · EIN 94-1268305	Employee (plan)	$30,297
EMPLOYEE 51 year Filed as: EMPLOYEE #5 Service code 30 · EIN 94-1268305	Employee (plan)	$29,851
EMPLOYEE 51 year Filed as: EMPLOYEE #3 Service code 30 · EIN 94-1268305	Employee (plan)	$29,274
KRAW LAW GROUP4 years Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 32-0465891	Legal	$25,041

Plan features & details

Pension benefit codes2C2F2H2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$625K

$707 / participant

Recordkeeping$19K3.0%
Trustee / custodial$16K2.5%
Investment mgmt$131K20.9%
Legal$35K5.6%
Actuarial$22K3.4%
Salaries / allowances$163K26.1%
Other / not subdivided$240K38.4%

% of EOY assets

0.565%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $26,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,979-100.0%

$102,412-100.0%

$77,736-100.0%

Participation rate

0.0%

71.5%-71.5pp

74.5%-74.5pp

70.6%-70.6pp

Annual return

11.84%

19.11%-7.3pp

24.94%-13.1pp

31.26%-19.4pp

Employer contribution / active EE

$4,679

$3,554+31.7%

$3,870+20.9%

$2,728+71.5%

Participant deferral / active EE

$5,581

$4,109+35.8%

$5,060+10.3%

$4,651+20.0%

Admin fee / account holder

$639-100.0%

$8,388-100.0%

$433-100.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER

Service code 50

8515 E ORCHARD RD · GRENNWOOD VILLAGE, CO 80111

Direct Payment

$74,647

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 15 · EIN 52-1796473

Recordkeeping

$53,852

ISLIP & CO7 years

Service code 10 · EIN 68-0344156

Accounting

$50,815

EMPLOYEE FIDUCIARY, LLC1 year

Filed as: EMPLOYEE #1

Service code 30 · EIN 94-1268305

Employee (plan)

$41,980

MILLER KAPLAN ARASE LLP9+ years

Service code 10 · EIN 95-2036255

Accounting

$32,912

US BANK9+ years

Service code 21 · EIN 31-0841368

Bank Trustee

$30,386

EMPLOYEE 51 year

Filed as: EMPLOYEE #4

Service code 30 · EIN 94-1268305

Employee (plan)

$30,297

EMPLOYEE 51 year

Filed as: EMPLOYEE #5

Service code 30 · EIN 94-1268305

Employee (plan)

$29,851

EMPLOYEE 51 year

Filed as: EMPLOYEE #3

Service code 30 · EIN 94-1268305

Employee (plan)

$29,274

KRAW LAW GROUP4 years

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 32-0465891

Legal

$25,041

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL NO. 447 DEFINED CONTRIBUTION PLAN AND TRUST

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