Retirement plan

ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP

Name: ASSOCIATED BUILDERS AND CONTRACTORS - ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP (2019) Form 5500
Creator: ASSOCIATED BUILDERS AND CONTRACTORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP, ASSOCIATED BUILDERS AND CONTRACTORS

ASSOCIATED BUILDERS AND CONTRACTORSEIN 87-0343604Plan #333PY 2019

660 WEST 900 NORTH, SUITE B - NORTH SALT LAKE, UT 84054801-294-5211abcutah.orgLinkedIn1-10 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.9M

+43.2% from 2018

Total participants

333

+17.7% from 2018

Average account balance

$34,528

+57.7% from 2018

Annual return

43.36%

+43.36 pp from 2018

Benchmarks

See 1,258 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,258 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.26M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

193

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.

43.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

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

-27.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$798

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$53,187
UBS FINANCIAL SERVICES INC1 year Service code 27 · EIN 13-2638166	Advisory (Plan)	$23,861
NATIONAL BENEFIT SERVICES, LLC1 year Service code 15 · EIN 20-3886993	Recordkeeping	$16,267
ADAMS & PETERSEN CPAS LLC1 year Filed as: ADAMS & PETERSEN CPA'S LLC Service code 10 · EIN 87-0686187	Accounting	$14,700
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,656

Plan features & details

Pension benefit codes2E2F2G2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$115K

$383 / participant

Other / not subdivided$115K100.0%

% of EOY assets

1.293%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JONES SIMKINS CPAS
Auditor EIN: 461592906
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,528

$66,601-48.2%

$92,909-62.8%

$67,579-48.9%

Participation rate

74.7%

72.5%+2.2pp

76.0%-1.3pp

71.3%+3.4pp

Annual return

43.36%

92.58%-49.2pp

109.44%-66.1pp

378.56%-335.2pp

Employer contribution / active EE

$732

$2,775-73.6%

$3,653-80.0%

$2,148-65.9%

Participant deferral / active EE

$1,858

$3,157-41.1%

$4,238-56.2%

$3,539-47.5%

Admin fee / account holder

$447

$199+124.5%

$5,795-92.3%

$142+213.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$53,187

UBS FINANCIAL SERVICES INC1 year

Service code 27 · EIN 13-2638166

Advisory (Plan)

$23,861

NATIONAL BENEFIT SERVICES, LLC1 year

Service code 15 · EIN 20-3886993

Recordkeeping

$16,267

ADAMS & PETERSEN CPAS LLC1 year

Filed as: ADAMS & PETERSEN CPA'S LLC

Service code 10 · EIN 87-0686187

Accounting

$14,700

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,656

ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATED BUILDERS AND CONTRACTORS, INC UTAH CHAPTER MEP

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