Retirement plan

ARIZONA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN

Name: BOARD OF TRUSTEES ARIZONA PIPE TRADES DC PENSION PLAN - ARIZONA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES ARIZONA PIPE TRADES DC PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARIZONA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN, BOARD OF TRUSTEES ARIZONA PIPE TRADES DC PENSION PLAN

BOARD OF TRUSTEES ARIZONA PIPE TRADES DC PENSION PLANEIN 86-0434707Plan #002PY 2021

2601 E THOMAS RD STE 110 - PHOENIX, AZ 850168222602-956-1950

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$313.9M

-6.6% from 2017

Total participants

5,321

-1.6% from 2017

Average account balance

$58,993

-5.1% from 2017

Annual return

32.60%

-9.30 pp from 2017

Benchmarks

See 77 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort77 peers

Snapshot2021

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$283,570
BENESYS, INC.3 years Filed as: BENESYS Service code 13 · EIN 38-2383171 7180 KOLL CENTER PKWY #200 · PLEASANTON, CA 94566	Contract Administrator	$257,277
VERUS4 years Filed as: VERUS ADVISORS, INC Service code 17 · EIN 91-1320111 2321 ROSENCRANS · EL SEGUNDO, CA 94501	Pension Consulting	$110,521
JENNINGS, STROUSS & SALMON, PLC3 years Filed as: JENNINGS, STROUSS & SALMON Service code 29 · EIN 86-0108229	Legal	$83,220
THE SEGAL COMPANY3 years Filed as: SEGAL SELECT INSURANCE Service code 22 333 WEST 34TH ST · NEW YORK, NY 100012402	Insurance Broker	$56,899
BALDWIN & BALDWIN PLLC2 years Filed as: BALDWIN MOFFITT PLLC Service code 10 · EIN 46-4370753 PO BOX 60008 · PHOENIX, AZ 85082	Accounting	$44,584
WARD KEENAN AND BARRETT, PC6+ years Service code 29 · EIN 86-0274260	Legal	$32,375
THE SEGAL COMPANY6+ years Service code 16 · EIN 13-1835864 PO BOX 63610 · PHOENIX, AZ 85082	Consulting	$19,436
GRANDFLOW4 years Service code 36 · EIN 94-3211239 135 LINDBERGH AVE · LIVERMORE, CA 94551	Copying and duplicating	$9,319

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 participant contribution
Participant 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

$909K

$171 / participant

Investment mgmt$394K43.3%
Contract admin$253K27.8%
Other / not subdivided$263K28.9%

% of EOY assets

0.290%

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 MOFFITT BEHM LLP
Auditor EIN: 464370753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,993

$80,412-26.6%

$109,191-46.0%

$101,555-41.9%

Participation rate

100.0%

84.4%+15.6pp

75.9%+24.1pp

74.5%+25.5pp

Annual return

32.60%

16.17%+16.4pp

25.76%+6.8pp

21.00%+11.6pp

Employer contribution / active EE

$2,228

$3,731-40.3%

$3,723-40.2%

$2,972-25.0%

Participant deferral / active EE

$990

$3,396-70.8%

$4,653-78.7%

$4,874-79.7%

Admin fee / account holder

$171

$135+26.7%

$6,756-97.5%

$139+22.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS

Service code 15

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

$283,570

BENESYS, INC.3 years

Filed as: BENESYS

Service code 13 · EIN 38-2383171

7180 KOLL CENTER PKWY #200 · PLEASANTON, CA 94566

Contract Administrator

$257,277

VERUS4 years

Filed as: VERUS ADVISORS, INC

Service code 17 · EIN 91-1320111

2321 ROSENCRANS · EL SEGUNDO, CA 94501

Pension Consulting

$110,521

JENNINGS, STROUSS & SALMON, PLC3 years

Filed as: JENNINGS, STROUSS & SALMON

Service code 29 · EIN 86-0108229

Legal

$83,220

THE SEGAL COMPANY3 years

Filed as: SEGAL SELECT INSURANCE

Service code 22

333 WEST 34TH ST · NEW YORK, NY 100012402

Insurance Broker

$56,899

BALDWIN & BALDWIN PLLC2 years

Filed as: BALDWIN MOFFITT PLLC

Service code 10 · EIN 46-4370753

PO BOX 60008 · PHOENIX, AZ 85082

Accounting

$44,584

WARD KEENAN AND BARRETT, PC6+ years

Service code 29 · EIN 86-0274260

Legal

$32,375

THE SEGAL COMPANY6+ years

Service code 16 · EIN 13-1835864

PO BOX 63610 · PHOENIX, AZ 85082

Consulting

$19,436

GRANDFLOW4 years

Service code 36 · EIN 94-3211239

135 LINDBERGH AVE · LIVERMORE, CA 94551

Copying and duplicating

$9,319

ARIZONA PIPE TRADES DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARIZONA PIPE TRADES DEFINED 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