Retirement plan

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

Name: BOARD OF TRUSTEES - THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN, BOARD OF TRUSTEES

BOARD OF TRUSTEESEIN 73-1641436Plan #002PY 2020

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.6M

+15.1% from 2019

Total participants

293

+1.4% from 2019

Average account balance

$41,115

+18.0% from 2019

Annual return

14.30%

-5.57 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$35,400

Plan features & details

Pension benefit codes2E2F2G2J2T

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 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

$35K

$274 / participant

Contract admin$35K100.0%

% of EOY assets

0.305%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,115

$99,957-58.9%

$149,745-72.5%

$73,497-44.1%

Participation rate

91.5%

75.7%+15.8pp

82.5%+9.0pp

70.7%+20.8pp

Annual return

14.30%

53.87%-39.6pp

276.72%-262.4pp

28.51%-14.2pp

Employer contribution / active EE

$1,630

$3,191-48.9%

$4,646-64.9%

$2,270-28.2%

Participant deferral / active EE

$1,718

$6,073-71.7%

$6,843-74.9%

$3,740-54.1%

Admin fee / account holder

$126

$551-77.2%

$9,312-98.7%

$513-75.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$35,400

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