Retirement plan

THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN

Name: JOINT BOARD OF TRUSTEESS - THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN (2024) Form 5500
Creator: JOINT BOARD OF TRUSTEESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN, JOINT BOARD OF TRUSTEESS

JOINT BOARD OF TRUSTEESSEIN 73-1641436Plan #002PY 2024

P.O. BOX 946 - GRANGER, IN 46530574-259-1418

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.5M

+2.8% from 2023

Total participants

250

-0.8% from 2023

Average account balance

$46,234

+3.6% from 2023

Annual return

8.65%

-5.41 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.51M

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.

249

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$528K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969	Recordkeeping	$34,508
KAPTEIN DYKSTRA & COMPANY PC2 years Filed as: KAPTEIN DYKSTRA & COMPANY Service code 10 4095 CHICAGO DRIVE · GRANDVILLE, MI 49468	Accounting	$20,752
ROCKEFELLER1 year Service code 27 45 ROCKEFELLER PLAZA · NEW YORK, NY 10111	Advisory (Plan)	$10,383

Plan features & details

Pension benefit codes2E2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing 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).
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 returns
Annual investment return 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

$66K

$951 / participant

Investment mgmt$10K15.8%
Contract admin$35K52.6%
Other / not subdivided$21K31.6%

% of EOY assets

0.570%

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: KAPTEIN DYKSTRA & COMPANY
Auditor EIN: 382939866
Audit fees: $20,752
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,234

$138,393-66.6%

$184,256-74.9%

$80,959-42.9%

Participation rate

98.6%

83.9%+14.7pp

86.8%+11.7pp

67.7%+30.9pp

Annual return

8.65%

20.01%-11.4pp

28.85%-20.2pp

35.67%-27.0pp

Employer contribution / active EE

$2,941

$4,847-39.3%

$6,427-54.2%

$2,757+6.7%

Participant deferral / active EE

$4,709

$7,076-33.5%

$9,133-48.4%

$4,300+9.5%

Admin fee / account holder

$264

$10,489-97.5%

$13,899-98.1%

$6,925-96.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Service code 15 · EIN 27-2037969

Recordkeeping

$34,508

KAPTEIN DYKSTRA & COMPANY PC2 years

Filed as: KAPTEIN DYKSTRA & COMPANY

Service code 10

4095 CHICAGO DRIVE · GRANDVILLE, MI 49468

Accounting

$20,752

ROCKEFELLER1 year

Service code 27

45 ROCKEFELLER PLAZA · NEW YORK, NY 10111

Advisory (Plan)

$10,383

THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS 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