Retirement plan

LOCAL 344 ANNUITY FUND PLAN

Name: PLUMBERS AND PIPEFITTERS LOCAL 344 - LOCAL 344 ANNUITY FUND PLAN (2016) 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 2016

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)

$35.7M

+5.0% from 2015

Total participants

1,161

+0.7% from 2015

Average account balance

$35,301

+3.2% from 2015

Annual return

5.66%

+6.74 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSSETTS MUTUAL LIFE INSURANC2+ years Filed as: MASSACHUSSETTS MUTUAL LIFE INS. CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$39,814
PLUMBERS&PIPEFITTERS HEALTH&WELFARE2+ years Service code 50 · EIN 73-0950060	Direct Payment	$28,451
EMPLOYEE BENEFITS GROUP, LLC2+ years Service code 13 · EIN 73-1554797	Contract Administrator	$27,021

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

$72K

$63 / participant

Contract admin$47K66.1%
Other / not subdivided$24K33.9%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRYAN, LITTLE, HALEY & KENT, P.C.
Auditor EIN: 730941849
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,301

$54,392-35.1%

$84,753-58.3%

$63,975-44.8%

Participation rate

86.7%

76.9%+9.8pp

76.6%+10.1pp

71.1%+15.6pp

Annual return

5.66%

611.38%-605.7pp

22.78%-17.1pp

48.65%-43.0pp

Employer contribution / active EE

$1,852

$2,943-37.1%

$3,574-48.2%

$2,182-15.1%

Participant deferral / active EE

$242

$2,593-90.7%

$3,712-93.5%

$3,356-92.8%

Admin fee / account holder

$71

$136-47.8%

$5,333-98.7%

$70+0.7%

Provider

Service type

Compensation

MASSACHUSSETTS MUTUAL LIFE INSURANC2+ years

Filed as: MASSACHUSSETTS MUTUAL LIFE INS. CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$39,814

PLUMBERS&PIPEFITTERS HEALTH&WELFARE2+ years

Service code 50 · EIN 73-0950060

Direct Payment

$28,451

EMPLOYEE BENEFITS GROUP, LLC2+ years

Service code 13 · EIN 73-1554797

Contract Administrator

$27,021

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