Retirement plan

ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION P - ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION P
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION P

BOARD OF TRUSTEES ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION Pdba ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION PLANEIN 74-1069448Plan #102PY 2023

8441 GULF FREEWAY, SUITE 304 - HOUSTON, TX 77017830-626-8088

Prospect flagsHigh feesLow participationWind-down / frozen

How to read this page

Total assets (EOY)

$25.3M

+16.6% from 2022

Total participants

649

+21.8% from 2022

Average account balance

$43,321

+6.6% from 2022

Annual return

18.15%

+24.91 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$28.57M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$50K

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.

569

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$578K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.34%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$237

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$114,276
BENEFIT RESOURCES, INC.4 years Service code 13 · EIN 76-0560942 8441 GULF FREEWAY SUITE 304 · HOUSTON, TX 77017	Contract Administrator	$29,987
RBC WEALTH MANAGEMENT1 year Service code 27 · EIN 41-1416330 100 CRESCENT COURT, SUITE 1500 · DALLAS, TX 75201	Advisory (Plan)	$20,911
REYNOLDS CONSULTING SERVICES1 year Filed as: REYNOLDS CONSULTING SERVICS, INC. Service code 27 25 NEWBRIDGE ROAD SUITE 205 · HICHSVILLE, NY 11801	Advisory (Plan)	$20,250
EDWARDS AND LEATHERS, P.C.5 years Service code 10 · EIN 20-8739519 PO BOX 860 · BAYTOWN, TX 77521	Accounting	$10,500
STEPHENS VALUATION SYSTEMS1 year Service code 64 · EIN 75-1761182 PO BOX 609002 · DALLAS, TX 75360	Recordkeeping Fees	$10,133

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$235K

$2425 / participant

Investment mgmt$153K65.1%
Legal$37K15.5%
Other trustee fees$16K6.7%
Contract admin$19K8.2%
Other / not subdivided$11K4.5%

% of EOY assets

0.931%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,321

$73,988-41.4%

$96,538-55.1%

$75,177-42.4%

Participation rate

32.0%

66.4%-34.5pp

74.3%-42.4pp

67.2%-35.2pp

Annual return

18.15%

26.73%-8.6pp

35.74%-17.6pp

160.75%-142.6pp

Employer contribution / active EE

$4,666

$2,930+59.2%

$3,740+24.7%

$2,671+74.7%

Participant deferral / active EE

$3,660-100.0%

$4,880-100.0%

$4,126-100.0%

Admin fee / account holder

$403

$5,220-92.3%

$6,737-94.0%

$5,651-92.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$114,276

BENEFIT RESOURCES, INC.4 years

Service code 13 · EIN 76-0560942

8441 GULF FREEWAY SUITE 304 · HOUSTON, TX 77017

Contract Administrator

$29,987

RBC WEALTH MANAGEMENT1 year

Service code 27 · EIN 41-1416330

100 CRESCENT COURT, SUITE 1500 · DALLAS, TX 75201

Advisory (Plan)

$20,911

REYNOLDS CONSULTING SERVICES1 year

Filed as: REYNOLDS CONSULTING SERVICS, INC.

Service code 27

25 NEWBRIDGE ROAD SUITE 205 · HICHSVILLE, NY 11801

Advisory (Plan)

$20,250

EDWARDS AND LEATHERS, P.C.5 years

Service code 10 · EIN 20-8739519

PO BOX 860 · BAYTOWN, TX 77521

Accounting

$10,500

STEPHENS VALUATION SYSTEMS1 year

Service code 64 · EIN 75-1761182

PO BOX 609002 · DALLAS, TX 75360

Recordkeeping Fees

$10,133

ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASBESTOS WORKERS LOCAL NO. 87 DEFINED CONTRIBUTION 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