Retirement plan

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

Name: CHRISTIAN LABOR ASSOCIATION - THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN (2018) Form 5500
Creator: CHRISTIAN LABOR ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN, CHRISTIAN LABOR ASSOCIATION

CHRISTIAN LABOR ASSOCIATIONEIN 73-1641436Plan #002PY 2018

P.O. BOX 65 - ZEELAND, MI 49464616-772-9164

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

-8.3% from 2017

Total participants

297

+10.0% from 2017

Average account balance

$30,434

-16.4% from 2017

Annual return

-6.49%

-20.16 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 15	Recordkeeping	$31,528
KAPTEIN DYKSTRA & COMPANY PC4+ years Filed as: KAPTEIN DYKSTRA & CO. PC Service code 10 · EIN 38-2939866	Accounting	$7,500
VARNUM LLP4+ years Filed as: VARNUM, LLP Service code 29 160 WEST FORT STREET · DETROIT, MI 48226	Legal	$5,107
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP,INC. Service code 12 · EIN 27-2037969	Claims processing; Sub-transfer agenc...	$1,350

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

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

$14K

$66 / participant

Investment mgmt$9K61.2%
Contract admin$1K9.7%
Other / not subdivided$4K29.1%

% of EOY assets

0.163%

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: KAPTEIN DYKSTRA AND COMPANY
Auditor EIN: 382939866
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,434

$55,449-45.1%

$83,831-63.7%

$56,289-45.9%

Participation rate

92.9%

68.0%+24.9pp

76.1%+16.7pp

69.9%+23.0pp

Annual return

-6.49%

-1.38%-5.1pp

850.99%-857.5pp

-9.96%+3.5pp

Employer contribution / active EE

$1,550

$2,430-36.2%

$3,631-57.3%

$2,111-26.6%

Participant deferral / active EE

$488

$2,935-83.4%

$4,082-88.0%

$3,350-85.4%

Admin fee / account holder

$49

$656-92.5%

$5,479-99.1%

$521-90.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 15

Recordkeeping

$31,528

KAPTEIN DYKSTRA & COMPANY PC4+ years

Filed as: KAPTEIN DYKSTRA & CO. PC

Service code 10 · EIN 38-2939866

Accounting

$7,500

VARNUM LLP4+ years

Filed as: VARNUM, LLP

Service code 29

160 WEST FORT STREET · DETROIT, MI 48226

Legal

$5,107

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP,INC.

Service code 12 · EIN 27-2037969

Claims processing; Sub-transfer agenc...

$1,350

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