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 (2021) 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 2021

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.3M

+6.1% from 2020

Total participants

273

-6.8% from 2020

Average account balance

$45,054

+9.6% from 2020

Annual return

12.04%

-2.26 pp from 2020

Benchmarks

See 27,004 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,004 peers

Snapshot2021

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.6 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Direct paym...	$50,732
VARNUM LLP1 year Service code 29 333 BRIDGE STREET NW · GRAND RAPIDS, MI 49504	Legal	$10,982
KAPTEIN DYKSTRA & COMPANY PC1 year Filed as: KAPTEIN DYKSTRA AND COMPANY Service code 10 · EIN 38-2939866	Accounting	$10,500
MILLER JOHNSON1 year Service code 29 409 EAST JEFFERSON AVE · DETROIT, MI 48226	Legal	$8,383

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 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

$81K

$948 / participant

Contract admin$51K62.9%
Other / not subdivided$30K37.1%

% of EOY assets

0.655%

all-in expense ratio

Categories reported

1 / 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 AND COMPANY
Auditor EIN: 382939866
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,054

$105,200-57.2%

$159,474-71.7%

$85,847-47.5%

Participation rate

100.0%

75.8%+24.2pp

82.8%+17.2pp

69.3%+30.7pp

Annual return

12.04%

45.08%-33.0pp

263.68%-251.6pp

318.61%-306.6pp

Employer contribution / active EE

$2,193

$3,319-33.9%

$4,831-54.6%

$2,565-14.5%

Participant deferral / active EE

$2,777

$5,946-53.3%

$7,353-62.2%

$3,952-29.7%

Admin fee / account holder

$295

$6,934-95.7%

$10,802-97.3%

$6,261-95.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Direct paym...

$50,732

VARNUM LLP1 year

Service code 29

333 BRIDGE STREET NW · GRAND RAPIDS, MI 49504

Legal

$10,982

KAPTEIN DYKSTRA & COMPANY PC1 year

Filed as: KAPTEIN DYKSTRA AND COMPANY

Service code 10 · EIN 38-2939866

Accounting

$10,500

MILLER JOHNSON1 year

Service code 29

409 EAST JEFFERSON AVE · DETROIT, MI 48226

Legal

$8,383

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