Retirement plan

LOCAL 344 ANNUITY FUND PLAN

Name: PLUMBERS AND PIPEFITTERS LOCAL 344 - LOCAL 344 ANNUITY FUND PLAN (2024) Form 5500
Creator: PLUMBERS AND PIPEFITTERS LOCAL 344
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 344 ANNUITY FUND PLAN, PLUMBERS AND PIPEFITTERS LOCAL 344

PLUMBERS AND PIPEFITTERS LOCAL 344EIN 73-0467693Plan #001PY 2024

4337 SOUTHWEST 44TH - OKLAHOMA CITY, OK 73119405-682-4581LinkedIn1001-5000 employeesindividual & family services

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$61.6M

+11.6% from 2023

Total participants

1,617

+7.2% from 2023

Average account balance

$40,236

-0.2% from 2023

Annual return

12.97%

-1.41 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

$61.60M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

1,531

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$242,811
RBG CAPITAL MARKETS, LLC5 years Service code 27 · EIN 41-1416330	Advisory (Plan)	$86,203
EMPLOYEE BENEFITS GROUP, LLC10+ years Service code 13 · EIN 73-1554797	Contract Administrator	$45,975
PLUMBERS&PIPEFITTERS HEALTH&WELFARE10+ years Service code 50 · EIN 73-0950060	Direct Payment	$41,461

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$280K

$192 / participant

Investment mgmt$86K30.8%
Contract admin$145K51.8%
Other / not subdivided$49K17.4%

% of EOY assets

0.454%

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: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,236

$241,850-83.4%

$102,437-60.7%

$200,096-79.9%

Participation rate

94.1%

78.3%+15.8pp

74.5%+19.6pp

72.0%+22.1pp

Annual return

12.97%

17.67%-4.7pp

24.95%-12.0pp

34.26%-21.3pp

Employer contribution / active EE

$2,175

$4,253-48.8%

$3,871-43.8%

$3,038-28.4%

Participant deferral / active EE

$561

$3,961-85.8%

$5,060-88.9%

$5,090-89.0%

Admin fee / account holder

$183

$288-36.6%

$8,388-97.8%

$269-32.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$242,811

RBG CAPITAL MARKETS, LLC5 years

Service code 27 · EIN 41-1416330

Advisory (Plan)

$86,203

EMPLOYEE BENEFITS GROUP, LLC10+ years

Service code 13 · EIN 73-1554797

Contract Administrator

$45,975

PLUMBERS&PIPEFITTERS HEALTH&WELFARE10+ years

Service code 50 · EIN 73-0950060

Direct Payment

$41,461

LOCAL 344 ANNUITY FUND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 344 ANNUITY FUND 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