Retirement plan

COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST

Name: TRUSTEES - COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST - COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST (2017) Form 5500
Creator: TRUSTEES - COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST, TRUSTEES - COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST

TRUSTEES - COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUSTEIN 84-6041803Plan #001PY 2017

7525 SE 24TH STREET, SUITE 200 - MERCER ISLAND, WA 98040206-441-7574

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$43.9M

+8.4% from 2016

Total participants

4,822

+5.8% from 2016

Average account balance

$16,779

-17.2% from 2016

Annual return

11.51%

+6.42 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.53M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

2,225

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO BANK, NA Service code 15 · EIN 94-1347393	Recordkeeping	$247,551
SPENCER FANE LLP2 years Service code 29 · EIN 44-0561981	Legal	$32,165
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Service code 27 · EIN 84-1612955	Advisory (Plan)	$25,500
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 13 · EIN 52-1590516	Contract Administrator	$20,404
NEEDLES & ASSOCIATES, LLC3+ years Service code 10 · EIN 51-0435869	Accounting	$19,418
WPAS, INC.1 year Service code 13 7525 SE 24TH STREET, SUITE 200 · MERCER ISLAND, WA 98040	Contract Administrator	$15,222

Plan features & details

Pension benefit codes2E2F2J2T

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).
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
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

$383K

$88 / participant

Investment mgmt$272K71.0%
Contract admin$36K9.3%
Other / not subdivided$76K19.7%

% of EOY assets

0.873%

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: NEEDLES & ASSOCIATES, LLC
Auditor EIN: 510435869
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,779

$89,274-81.2%

$149,721-88.8%

$77,958-78.5%

Participation rate

49.5%

87.6%-38.1pp

87.1%-37.6pp

71.6%-22.2pp

Annual return

11.51%

20.36%-8.9pp

1501.67%-1490.2pp

20.87%-9.4pp

Employer contribution / active EE

$155

$3,727-95.8%

$5,444-97.2%

$2,310-93.3%

Participant deferral / active EE

$497

$5,382-90.8%

$6,568-92.4%

$3,537-86.0%

Admin fee / account holder

$146

$240-38.9%

$11,282-98.7%

$97+50.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO BANK, NA

Service code 15 · EIN 94-1347393

Recordkeeping

$247,551

SPENCER FANE LLP2 years

Service code 29 · EIN 44-0561981

Legal

$32,165

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Service code 27 · EIN 84-1612955

Advisory (Plan)

$25,500

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 13 · EIN 52-1590516

Contract Administrator

$20,404

NEEDLES & ASSOCIATES, LLC3+ years

Service code 10 · EIN 51-0435869

Accounting

$19,418

WPAS, INC.1 year

Service code 13

7525 SE 24TH STREET, SUITE 200 · MERCER ISLAND, WA 98040

Contract Administrator

$15,222

COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLORADO PIPE INDUSTRY ANNUITY AND SALARY DEFERRAL TRUST

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