Retirement plan

ARIZONA PIPE TRADES DEFINE CONTRIBUTION PENSION PLAN

Name: BOARD OF TRUSTEES ARIZONA PIPE TRADES DEFINED - ARIZONA PIPE TRADES DEFINE CONTRIBUTION PENSION PLAN (2019) Form 5500
Creator: BOARD OF TRUSTEES ARIZONA PIPE TRADES DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARIZONA PIPE TRADES DEFINE CONTRIBUTION PENSION PLAN, BOARD OF TRUSTEES ARIZONA PIPE TRADES DEFINED

BOARD OF TRUSTEES ARIZONA PIPE TRADES DEFINEDEIN 86-0434707Plan #002PY 2019

3121 N 24TH ST - PHOENIX, AZ 850167313602-956-1950

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$218.4M

-6.6% from 2017

Total participants

4,310

-1.6% from 2017

Average account balance

$50,674

-5.1% from 2017

Annual return

-3.27%

-9.30 pp from 2017

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$461.21M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

9,484

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

$45.52M

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

+8.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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 10 of 15 by compensation

Provider	Service type	Compensation
BENESYS, INC.1 year Filed as: BENESYS Service code 13 · EIN 38-2383171 7180 KOLL CENTER PKWY # 200 · PLEASANTON, CA 94566	Contract Administrator	$241,514
VERUS1 year Filed as: VERUS ADVISORS, INC. Service code 17 · EIN 91-1320111 2321 ROSENCRANS · EL SEGUNDO, CA 94501	Pension Consulting	$191,387
JENNINGS, STROUSS & SALMON, PLC1 year Filed as: JENNINGS, STROUSS & SALMON Service code 29 · EIN 86-0108229 201 EAST WASHINGTON STREET · PHOENIX, AZ 85004	Legal	$98,049
CAUSEWAY CAPITAL MANAGEMENT LLC1 year Filed as: CAUSWAY INTERNATIONAL Service code 51 11111 SANTA MONICA BLVD 15TH FLOOR · LOS ANGELES, CA 12697	Investment Mgmt Fees	$80,416
MCMORGAN & COMPANY LLC4+ years Filed as: MCMORGAN AND COMPANY Service code 51 · EIN 94-1650768 ONE FLOOR STREET · SAN FRANCISCO, CA 94111	Investment Mgmt Fees	$79,451
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL Service code 51 PRUDENTIAL TOWER, 655 BROAD STREET · NEWAREK, NJ 07102	Investment Mgmt Fees	$71,993
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE Service code 22 333 WEST 34TH ST · NEW YORK, NY 100012402	Insurance Broker	$63,791
WARD KEENAN AND BARRETT, PC4+ years Service code 29 · EIN 86-0274260 3838 N CENTRAL AVENUE · PHOENIX, AZ 85012	Legal	$48,829
BALDWIN & BALDWIN PLLC4+ years Service code 10 · EIN 46-4370753 701 N. 44TH STREET · PHOENIX, AZ 85008	Accounting	$47,490
PANAGORA ASSET MANAGEMENT1 year Filed as: PANAGORA ASSET MANAGEMENT, INC. Service code 51 · EIN 04-3183235 470 ATLANTIC AVE. · BOSTON, MA 02210	Investment Mgmt Fees	$41,210

Plan features & details

Pension benefit codes2C2F2G2J2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityLow returns
Annual investment return 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

$1.1M

$247 / participant

Investment mgmt$467K43.8%
Contract admin$236K22.2%
Other / not subdivided$362K34.0%

% of EOY assets

0.487%

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: BALDWIN & BALDWIN PLLC
Auditor EIN: 464370753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,674

$66,051-23.3%

$92,916-45.5%

$77,775-34.8%

Participation rate

100.0%

81.0%+19.0pp

76.0%+24.0pp

73.2%+26.8pp

Annual return

-3.27%

20.69%-24.0pp

109.45%-112.7pp

32.58%-35.8pp

Employer contribution / active EE

$3,416

$3,426-0.3%

$3,654-6.5%

$2,504+36.4%

Participant deferral / active EE

$1,413

$3,013-53.1%

$4,238-66.7%

$3,966-64.4%

Admin fee / account holder

$247

$148+67.1%

$5,796-95.7%

$100+146.8%

Provider

Service type

Compensation

BENESYS, INC.1 year

Filed as: BENESYS

Service code 13 · EIN 38-2383171

7180 KOLL CENTER PKWY # 200 · PLEASANTON, CA 94566

Contract Administrator

$241,514

VERUS1 year

Filed as: VERUS ADVISORS, INC.

Service code 17 · EIN 91-1320111

2321 ROSENCRANS · EL SEGUNDO, CA 94501

Pension Consulting

$191,387

JENNINGS, STROUSS & SALMON, PLC1 year

Filed as: JENNINGS, STROUSS & SALMON

Service code 29 · EIN 86-0108229

201 EAST WASHINGTON STREET · PHOENIX, AZ 85004

Legal

$98,049

CAUSEWAY CAPITAL MANAGEMENT LLC1 year

Filed as: CAUSWAY INTERNATIONAL

Service code 51

11111 SANTA MONICA BLVD 15TH FLOOR · LOS ANGELES, CA 12697

Investment Mgmt Fees

$80,416

MCMORGAN & COMPANY LLC4+ years

Filed as: MCMORGAN AND COMPANY

Service code 51 · EIN 94-1650768

ONE FLOOR STREET · SAN FRANCISCO, CA 94111

Investment Mgmt Fees

$79,451

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL

Service code 51

PRUDENTIAL TOWER, 655 BROAD STREET · NEWAREK, NJ 07102

Investment Mgmt Fees

$71,993

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE

Service code 22

333 WEST 34TH ST · NEW YORK, NY 100012402

Insurance Broker

$63,791

WARD KEENAN AND BARRETT, PC4+ years

Service code 29 · EIN 86-0274260

3838 N CENTRAL AVENUE · PHOENIX, AZ 85012

Legal

$48,829

BALDWIN & BALDWIN PLLC4+ years

Service code 10 · EIN 46-4370753

701 N. 44TH STREET · PHOENIX, AZ 85008

Accounting

$47,490

PANAGORA ASSET MANAGEMENT1 year

Filed as: PANAGORA ASSET MANAGEMENT, INC.

Service code 51 · EIN 04-3183235

470 ATLANTIC AVE. · BOSTON, MA 02210

Investment Mgmt Fees

$41,210

ARIZONA PIPE TRADES DEFINE CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARIZONA PIPE TRADES DEFINE CONTRIBUTION PENSION 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