Retirement plan

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

Name: JOINT BOARD OF TRUSTEES - THE UNITED CONSTRUCTION WORKERS RETIREMENT AND 401(K) SAVINGS PLAN (2023) Form 5500
Creator: JOINT 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, JOINT BOARD OF TRUSTEES

JOINT BOARD OF TRUSTEESEIN 73-1641436Plan #002PY 2023

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.2M

+17.0% from 2022

Total participants

252

-5.3% from 2022

Average account balance

$44,624

+24.0% from 2022

Annual return

14.07%

+29.04 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 12 · EIN 27-2037969	Direct payment from the plan; Recordk...	$42,558
KAPTEIN DYKSTRA & COMPANY PC1 year Filed as: KAPTEIN DYKSTRA & COMPANY Service code 10 · EIN 38-2939866	Accounting	$9,500

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

1 tripped

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

$52K

$694 / participant

Contract admin$43K81.8%
Other / not subdivided$10K18.2%

% of EOY assets

0.465%

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 & COMPANY
Auditor EIN: 382939866
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,624

$125,797-64.5%

$170,043-73.8%

$75,173-40.6%

Participation rate

98.7%

83.6%+15.1pp

87.0%+11.7pp

67.2%+31.5pp

Annual return

14.07%

27.20%-13.1pp

53.40%-39.3pp

160.72%-146.7pp

Employer contribution / active EE

$2,391

$4,616-48.2%

$6,790-64.8%

$2,671-10.5%

Participant deferral / active EE

$3,802

$6,838-44.4%

$10,410-63.5%

$4,126-7.9%

Admin fee / account holder

$207

$8,177-97.5%

$12,824-98.4%

$5,651-96.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 12 · EIN 27-2037969

Direct payment from the plan; Recordk...

$42,558

KAPTEIN DYKSTRA & COMPANY PC1 year

Filed as: KAPTEIN DYKSTRA & COMPANY

Service code 10 · EIN 38-2939866

Accounting

$9,500

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