Retirement plan

U.A.P.P. LOCAL UNION NO.142 PROFIT SHARING PLAN

Name: U.A.P.P. LOCAL UNION NO. 142 PROFIT SHARING PLAN - U.A.P.P. LOCAL UNION NO.142 PROFIT SHARING PLAN (2024) Form 5500
Creator: U.A.P.P. LOCAL UNION NO. 142 PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A.P.P. LOCAL UNION NO.142 PROFIT SHARING PLAN, U.A.P.P. LOCAL UNION NO. 142 PROFIT SHARING PLAN

U.A.P.P. LOCAL UNION NO. 142 PROFIT SHARING PLANEIN 74-6181280Plan #002PY 2024

2425 N.CENTRAL EXPRESSWAY SUITE 120 - RICHARDSON, TX 75080469-423-6100

Other plans on this EIN

1 filing

#001Retirement-$145.8M assets

Prospect flagsLow returnsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$8.1M

+4.4% from 2023

Total participants

542

-28.7% from 2023

Average account balance

$14,961

+46.3% from 2023

Annual return

8.30%

-3.86 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.79M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

754

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

$411K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$545

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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
ALLIANCE BENEFIT GROUP9+ years Service code 64 · EIN 76-0500416 7525 HOLLISTER ST. · HOUSTON, TX 77040	Recordkeeping Fees	$37,422
HARPER & PEARSON COMPANY, P.C.7 years Filed as: HARPER & PEARSON COMPANY PC Service code 10 · EIN 74-1695589 ONE RIVERWAY, SUITE 1900 · HOUSTON, TX 77056	Accounting	$18,833
SOUTHWEST SERVICE ADMINISTRATORS5 years Filed as: SOUTHWEST SERVICE ADMINISTRATOR Service code 13 · EIN 86-0785790 2425 N. CENTRAL EXPRESSWAY 120 · RICHARDSON, TX 77080	Contract Administrator	$17,070
RBC WEALTH MANAGEMENT5 years Filed as: RBC CAPITAL MARKETS LLC Service code 28 · EIN 41-1416330 60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402	Investment Management	$16,245
CONNER & WINTERS9+ years Service code 29 · EIN 73-1388566 808 TRAVIS STREET 23RD FLOOR · HOUSTON, TX 77002	Legal	$12,639

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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

$214K

$395 / participant

Recordkeeping$37K17.5%
Investment mgmt$17K8.1%
Legal$13K5.9%
Contract admin$17K8.0%
Other / not subdivided$130K60.5%

% of EOY assets

2.639%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARPER & PEARSON COMPANY P.C,
Auditor EIN: 741695589
Audit fees: $18,833
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,961

$82,979-82.0%

$102,412-85.4%

$77,736-80.8%

Participation rate

100.0%

71.5%+28.5pp

74.5%+25.5pp

70.6%+29.4pp

Annual return

8.30%

19.11%-10.8pp

24.94%-16.6pp

31.26%-23.0pp

Employer contribution / active EE

$3,554-100.0%

$3,870-100.0%

$2,728-100.0%

Participant deferral / active EE

$626

$4,109-84.8%

$5,060-87.6%

$4,651-86.5%

Admin fee / account holder

$395

$639-38.2%

$8,388-95.3%

$433-8.9%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP9+ years

Service code 64 · EIN 76-0500416

7525 HOLLISTER ST. · HOUSTON, TX 77040

Recordkeeping Fees

$37,422

HARPER & PEARSON COMPANY, P.C.7 years

Filed as: HARPER & PEARSON COMPANY PC

Service code 10 · EIN 74-1695589

ONE RIVERWAY, SUITE 1900 · HOUSTON, TX 77056

Accounting

$18,833

SOUTHWEST SERVICE ADMINISTRATORS5 years

Filed as: SOUTHWEST SERVICE ADMINISTRATOR

Service code 13 · EIN 86-0785790

2425 N. CENTRAL EXPRESSWAY 120 · RICHARDSON, TX 77080

Contract Administrator

$17,070

RBC WEALTH MANAGEMENT5 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 28 · EIN 41-1416330

60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402

Investment Management

$16,245

CONNER & WINTERS9+ years

Service code 29 · EIN 73-1388566

808 TRAVIS STREET 23RD FLOOR · HOUSTON, TX 77002

Legal

$12,639

U.A.P.P. LOCAL UNION NO.142 PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A.P.P. LOCAL UNION NO.142 PROFIT SHARING 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