Retirement plan

NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND

Name: BOARD OF TRUSTEES, NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND - NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES, NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND, BOARD OF TRUSTEES, NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND

BOARD OF TRUSTEES, NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUNDEIN 80-0204601Plan #001PY 2024

265 HEGENBERGER RD, STE 100 - OAKLAND, CA 946211480510-633-0333

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$215.4M

+22.3% from 2023

Total participants

4,434

+14.8% from 2023

Average account balance

$54,382

+14.5% from 2023

Annual return

17.82%

+9.18 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$215.41M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

3,961

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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 7 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$295,504
C.F.A.O9+ years Service code 14 · EIN 95-1557079	Plan Administrator	$256,634
EIDE BAILLY LLP5 years Service code 10 · EIN 45-0250958	Accounting	$26,180
WORLD INVESTMENT ADVISORS LLC1 year Filed as: WORLD INVESTMENT ADVISORS, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$22,138
KRAW LAW GROUP9+ years Service code 29 · EIN 77-0171216	Legal	$18,089
WEINBERG, ROGER & ROSENFELD9+ years Filed as: WEINBERG Service code 29 · EIN 94-2458080	Legal	$13,956
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE SERVICES, IN Service code 23	Insurance brokerage commissions and f...	$2,411

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$739K

$171 / participant

Trustee / custodial$14K1.9%
Investment mgmt$318K43.0%
Legal$32K4.3%
Other trustee fees$13K1.7%
Contract admin$257K34.7%
Other / not subdivided$106K14.4%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

5 / 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: $26,180
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,382

$241,850-77.5%

$102,437-46.9%

$200,096-72.8%

Participation rate

89.0%

78.3%+10.7pp

74.5%+14.5pp

72.0%+17.0pp

Annual return

17.82%

17.67%+0.2pp

24.95%-7.1pp

34.26%-16.4pp

Employer contribution / active EE

$169

$4,253-96.0%

$3,871-95.6%

$3,038-94.4%

Participant deferral / active EE

$5,256

$3,961+32.7%

$5,060+3.9%

$5,090+3.3%

Admin fee / account holder

$187

$288-35.2%

$8,388-97.8%

$269-30.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$295,504

C.F.A.O9+ years

Service code 14 · EIN 95-1557079

Plan Administrator

$256,634

EIDE BAILLY LLP5 years

Service code 10 · EIN 45-0250958

Accounting

$26,180

WORLD INVESTMENT ADVISORS LLC1 year

Filed as: WORLD INVESTMENT ADVISORS, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$22,138

KRAW LAW GROUP9+ years

Service code 29 · EIN 77-0171216

Legal

$18,089

WEINBERG, ROGER & ROSENFELD9+ years

Filed as: WEINBERG

Service code 29 · EIN 94-2458080

Legal

$13,956

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE SERVICES, IN

Service code 23

Insurance brokerage commissions and f...

$2,411

NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN CALIFORNIA CARPENTERS 401(K) TRUST FUND

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