Retirement plan

LOCAL 344 ANNUITY FUND PLAN

Name: PLUMBERS AND PIPEFITTERS LOCAL 344 - LOCAL 344 ANNUITY FUND PLAN (2017) 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 2017

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)

$39.1M

+9.7% from 2016

Total participants

1,122

-3.4% from 2016

Average account balance

$40,420

+14.5% from 2016

Annual return

14.21%

+8.55 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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
PLUMBERS&PIPEFITTERS HEALTH&WELFARE3+ years Service code 50 · EIN 73-0950060	Direct Payment	$58,019
MASSACHUSSETTS MUTUAL LIFE INSURANC3+ years Filed as: MASSACHUSSETTS MUTUAL LIFE INS. CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$47,496
EMPLOYEE BENEFITS GROUP, LLC3+ years Service code 13 · EIN 73-1554797	Contract Administrator	$29,291
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$14,480

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

$115K

$105 / participant

Investment mgmt$14K12.4%
Contract admin$47K41.5%
Other / not subdivided$53K46.1%

% of EOY assets

0.293%

all-in expense ratio

Categories reported

2 / 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

$40,420

$221,442-81.7%

$92,240-56.2%

$77,958-48.2%

Participation rate

85.8%

79.6%+6.2pp

76.5%+9.3pp

71.6%+14.2pp

Annual return

14.21%

15.65%-1.4pp

176.29%-162.1pp

20.87%-6.7pp

Employer contribution / active EE

$1,932

$3,226-40.1%

$3,680-47.5%

$2,310-16.4%

Participant deferral / active EE

$261

$2,779-90.6%

$3,897-93.3%

$3,537-92.6%

Admin fee / account holder

$118

$210-43.6%

$5,194-97.7%

$97+21.5%

Provider

Service type

Compensation

PLUMBERS&PIPEFITTERS HEALTH&WELFARE3+ years

Service code 50 · EIN 73-0950060

Direct Payment

$58,019

MASSACHUSSETTS MUTUAL LIFE INSURANC3+ years

Filed as: MASSACHUSSETTS MUTUAL LIFE INS. CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$47,496

EMPLOYEE BENEFITS GROUP, LLC3+ years

Service code 13 · EIN 73-1554797

Contract Administrator

$29,291

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$14,480

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