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 (2022) 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 2022

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.6M

-22.2% from 2021

Total participants

266

-2.6% from 2021

Average account balance

$35,990

-20.1% from 2021

Annual return

-14.97%

-27.02 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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.7 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Claims proc...	$34,032
KAPTEIN DYKSTRA & COMPANY PC2 years Filed as: KAPTEIN DYKSTRA AND COMPANY Service code 10 · EIN 38-2939866	Accounting	$17,500
MILLER JOHNSON2 years Service code 29 409 EAST JEFFERSON AVE · DETROIT, MI 48226	Legal	$13,167

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

$65K

$799 / participant

Contract admin$34K52.6%
Other / not subdivided$31K47.4%

% of EOY assets

0.676%

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

$35,990

$110,083-67.3%

$151,645-76.3%

$68,490-47.5%

Participation rate

100.0%

84.0%+16.0pp

87.5%+12.5pp

67.9%+32.1pp

Annual return

-14.97%

-10.12%-4.9pp

3.34%-18.3pp

-7.85%-7.1pp

Employer contribution / active EE

$2,245

$4,470-49.8%

$6,165-63.6%

$2,597-13.6%

Participant deferral / active EE

$2,986

$6,526-54.3%

$8,363-64.3%

$4,028-25.9%

Admin fee / account holder

$243

$7,718-96.8%

$11,614-97.9%

$5,403-95.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Claims proc...

$34,032

KAPTEIN DYKSTRA & COMPANY PC2 years

Filed as: KAPTEIN DYKSTRA AND COMPANY

Service code 10 · EIN 38-2939866

Accounting

$17,500

MILLER JOHNSON2 years

Service code 29

409 EAST JEFFERSON AVE · DETROIT, MI 48226

Legal

$13,167

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