Retirement plan

U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUST - U.A. LOCAL 467 DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUST
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

BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUSTdba DEFINED CONTRIBUTIONEIN 77-6007903Plan #006PY 2023

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

Prospect flagsHigh retiree %Failed to transmit contributions

How to read this page

Total assets (EOY)

$136.6M

+20.1% from 2022

Total participants

1,313

+3.7% from 2022

Average account balance

$104,027

+15.8% from 2022

Annual return

17.14%

+32.80 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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 8 by compensation

Provider	Service type	Compensation
NEW CENTURY PARTNERS9+ years Service code 28 · EIN 68-0189192	Investment Management	$117,157
NWPS2 years Service code 11 · EIN 91-2090931	Actuarial	$109,222
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674	Securities Custodian	$31,535
MILLER KAPLAN ARASE LLP1 year Service code 10 · EIN 95-2036255	Accounting	$13,500
NEYHART, ANDERSON, FLYNN & GROSBOLL5 years Service code 29 · EIN 94-2576729	Legal	$10,964
SMART SOURCE LLC1 year Filed as: SMART SOURCE CRITICAL COMMUNICATION Service code 36 7270 MCGINNIS FERRY RD · SUWANEE, GA 30024	Direct payment from the plan; Copying...	$9,382
EIDE BAILLY LLP4 years Service code 10 · EIN 45-0250958	Accounting	$8,220
UNITED ADMINISTRATIVE SERVICES9+ years Service code 14 · EIN 94-1749345	Plan Administrator	$6,950

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$367K

$437 / participant

Recordkeeping$112K30.5%
Trustee / custodial$32K8.6%
Investment mgmt$140K38.1%
Legal$11K3.0%
Other trustee fees$3110.1%
Contract admin$12K3.2%
Other / not subdivided$60K16.5%

% of EOY assets

0.268%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,027

$93,010+11.8%

$96,538+7.8%

$74,473+39.7%

Participation rate

100.0%

71.6%+28.4pp

74.3%+25.7pp

70.7%+29.3pp

Annual return

17.14%

37.50%-20.4pp

35.74%-18.6pp

34.36%-17.2pp

Employer contribution / active EE

$5,694

$3,427+66.1%

$3,740+52.2%

$2,638+115.8%

Participant deferral / active EE

$6,619

$3,971+66.7%

$4,880+35.6%

$4,530+46.1%

Admin fee / account holder

$279

$633-55.9%

$6,737-95.9%

$347-19.5%

Provider

Service type

Compensation

NEW CENTURY PARTNERS9+ years

Service code 28 · EIN 68-0189192

Investment Management

$117,157

NWPS2 years

Service code 11 · EIN 91-2090931

Actuarial

$109,222

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

Securities Custodian

$31,535

MILLER KAPLAN ARASE LLP1 year

Service code 10 · EIN 95-2036255

Accounting

$13,500

NEYHART, ANDERSON, FLYNN & GROSBOLL5 years

Service code 29 · EIN 94-2576729

Legal

$10,964

SMART SOURCE LLC1 year

Filed as: SMART SOURCE CRITICAL COMMUNICATION

Service code 36

7270 MCGINNIS FERRY RD · SUWANEE, GA 30024

Direct payment from the plan; Copying...

$9,382

EIDE BAILLY LLP4 years

Service code 10 · EIN 45-0250958

Accounting

$8,220

UNITED ADMINISTRATIVE SERVICES9+ years

Service code 14 · EIN 94-1749345

Plan Administrator

$6,950

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