Retirement plan

U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES U.A. LOCAL 467 PENSION TRUST DEFINED CONTRIBUTION PL - U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN (2018) Form 5500
Creator: BOARD OF TRUSTEES U.A. LOCAL 467 PENSION TRUST DEFINED CONTRIBUTION PL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES U.A. LOCAL 467 PENSION TRUST DEFINED CONTRIBUTION PL

BOARD OF TRUSTEES U.A. LOCAL 467 PENSION TRUST DEFINED CONTRIBUTION PLEIN 77-6007903Plan #006PY 2018

6800 SANTA TERESA BLVD, STE 100 - SAN JOSE, CA 95119408-288-4400LinkedIn501-1000 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$80.6M

+0.3% from 2017

Total participants

1,111

+9.2% from 2017

Average account balance

$86,734

+0.3% from 2017

Annual return

-3.69%

-16.04 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$158.21M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

1,347

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

$10.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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
KAUFMANN & GOBLE4+ years Service code 15 · EIN 94-2614826 160 W SANTA CLARA ST SUITE 1550 · SAN JOSE, CA 95113	Recordkeeping	$148,671
NEW CENTURY PARTNERS4+ years Service code 28 · EIN 68-0189192	Investment Management	$79,683
NEWPORT GROUP, INC.4+ years Filed as: MATRIX FINANCIAL SOLUTIONS Service code 19 · EIN 75-3182674	Securities Custodian	$38,108
UNITED ADMINISTRATIVE SERVICES4+ years Service code 14 · EIN 94-1749354 6800 SANTA TERESA BLVD, SUITE 100 · SAN JOSE, CA 95119	Plan Administrator	$23,765
EIDE BAILLY LLP1 year Filed as: VAVRINEK, TRINE, DAY & CO., LLP Service code 10 · EIN 95-2648289	Accounting	$14,437

Plan features & details

Pension benefit codes2E2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$282K

$347 / participant

Investment mgmt$137K48.6%
Contract admin$6K2.2%
Other / not subdivided$139K49.1%

% of EOY assets

0.350%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,734

$56,443+53.7%

$83,831+3.5%

$55,725+55.6%

Participation rate

77.6%

72.0%+5.6pp

76.1%+1.5pp

70.9%+6.8pp

Annual return

-3.69%

393.67%-397.4pp

850.99%-854.7pp

244.93%-248.6pp

Employer contribution / active EE

$9,155

$2,682+241.4%

$3,631+152.1%

$2,078+340.5%

Participant deferral / active EE

$2,965-100.0%

$4,082-100.0%

$3,356-100.0%

Admin fee / account holder

$304

$156+94.6%

$5,479-94.5%

$115+163.9%

Provider

Service type

Compensation

KAUFMANN & GOBLE4+ years

Service code 15 · EIN 94-2614826

160 W SANTA CLARA ST SUITE 1550 · SAN JOSE, CA 95113

Recordkeeping

$148,671

NEW CENTURY PARTNERS4+ years

Service code 28 · EIN 68-0189192

Investment Management

$79,683

NEWPORT GROUP, INC.4+ years

Filed as: MATRIX FINANCIAL SOLUTIONS

Service code 19 · EIN 75-3182674

Securities Custodian

$38,108

UNITED ADMINISTRATIVE SERVICES4+ years

Service code 14 · EIN 94-1749354

6800 SANTA TERESA BLVD, SUITE 100 · SAN JOSE, CA 95119

Plan Administrator

$23,765

EIDE BAILLY LLP1 year

Filed as: VAVRINEK, TRINE, DAY & CO., LLP

Service code 10 · EIN 95-2648289

Accounting

$14,437

U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL 467 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