Retirement plan

TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN

Name: TRUSTEES OF TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN - TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN (2017) Form 5500
Creator: TRUSTEES OF TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN, TRUSTEES OF TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN

TRUSTEES OF TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLANEIN 74-1905198Plan #002PY 2017

P.O. BOX 721798 - HOUSTON, TX 772721798713-219-1200

Other plans on this EIN

1 filing

#001Retirement-$231.9M assets

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$34.2M

-12.7% from 2016

Total participants

6,197

-5.9% from 2016

Average account balance

$6,174

-8.0% from 2016

Annual return

14.89%

-5.41 pp from 2016

Benchmarks

See 87 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort87 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.95M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

7,871

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$153,844
CONNER & WINTERS3+ years Service code 29 · EIN 73-1388566	Legal	$63,718
THE SEGAL COMPANY1 year Filed as: SEGAL ADVISORS Service code 27	Advisory (Plan)	$25,000
ZENITH AMERICAN SOLUTIONS3+ years Service code 14 · EIN 52-1590516	Plan Administrator	$23,136
THE SEGAL COMPANY3+ years Service code 11 · EIN 94-1503999	Actuarial	$5,000

Plan features & details

Pension benefit codes2E2J2F2G2T

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$279K

$46 / participant

Investment mgmt$179K64.0%
Contract admin$23K8.3%
Other / not subdivided$77K27.7%

% of EOY assets

0.816%

all-in expense ratio

Categories reported

2 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,174

$96,400-93.6%

$149,721-95.9%

$177,276-96.5%

Participation rate

89.2%

88.9%+0.2pp

87.1%+2.1pp

74.8%+14.3pp

Annual return

14.89%

19.02%-4.1pp

1501.67%-1486.8pp

21.25%-6.4pp

Employer contribution / active EE

$672

$3,680-81.7%

$5,444-87.7%

$2,479-72.9%

Participant deferral / active EE

$5,510-100.0%

$6,568-100.0%

$3,881-100.0%

Admin fee / account holder

$50

$69-27.3%

$11,282-99.6%

$154-67.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$153,844

CONNER & WINTERS3+ years

Service code 29 · EIN 73-1388566

Legal

$63,718

THE SEGAL COMPANY1 year

Filed as: SEGAL ADVISORS

Service code 27

Advisory (Plan)

$25,000

ZENITH AMERICAN SOLUTIONS3+ years

Service code 14 · EIN 52-1590516

Plan Administrator

$23,136

THE SEGAL COMPANY3+ years

Service code 11 · EIN 94-1503999

Actuarial

$5,000

TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS IRON WORKERS' DEFINED CONTRIBUTION RETIREMENT 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