Retirement plan

U.A. LOCAL 350 RETIREMENT TRUST

Name: U.A. LOCAL 350 RETIREMENT TRUST - U.A. LOCAL 350 RETIREMENT TRUST (2024) Form 5500
Creator: U.A. LOCAL 350 RETIREMENT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL 350 RETIREMENT TRUST, U.A. LOCAL 350 RETIREMENT TRUST

U.A. LOCAL 350 RETIREMENT TRUSTEIN 88-0214223Plan #001PY 2024

445 APPLE ST - RENO, NV 895023544775-359-6377

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$42.6M

+11.4% from 2023

Total participants

1,329

-20.3% from 2023

Average account balance

$32,047

+39.8% from 2023

Annual return

12.84%

-4.09 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.59M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,329

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

$2.50M

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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 3 by compensation

Provider	Service type	Compensation
BENEFIT PLAN ADMINISTRATORS10+ years Service code 10 · EIN 88-0277518	Accounting	$114,552
BERRY & CO., CPA'S LTD1 year Filed as: BERRY & CO CPAS LTD Service code 10 · EIN 88-0400174	Accounting	$52,669
US BANK7 years Service code 19 · EIN 31-0841368	Securities Custodian	$675

Plan features & details

Pension benefit codes2A2F2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$231K

$262 / participant

Trustee / custodial$7K3.0%
Investment mgmt$13K5.5%
Legal$4K1.8%
Actuarial$5K2.2%
Other trustee fees$5K2.0%
Contract admin$115K49.5%
Other / not subdivided$83K35.9%

% of EOY assets

0.543%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CASEY NEILON, INC.
Auditor EIN: 205570744
Audit fees: $52,669
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,047

$82,980-61.4%

$103,378-69.0%

$77,692-58.8%

Participation rate

100.0%

71.5%+28.5pp

74.5%+25.5pp

70.6%+29.4pp

Annual return

12.84%

19.11%-6.3pp

24.91%-12.1pp

31.25%-18.4pp

Employer contribution / active EE

$1,804

$3,554-49.2%

$3,870-53.4%

$2,726-33.8%

Participant deferral / active EE

$1,027

$4,109-75.0%

$5,058-79.7%

$4,648-77.9%

Admin fee / account holder

$174

$639-72.7%

$8,401-97.9%

$431-59.6%

Provider

Service type

Compensation

BENEFIT PLAN ADMINISTRATORS10+ years

Service code 10 · EIN 88-0277518

Accounting

$114,552

BERRY & CO., CPA'S LTD1 year

Filed as: BERRY & CO CPAS LTD

Service code 10 · EIN 88-0400174

Accounting

$52,669

US BANK7 years

Service code 19 · EIN 31-0841368

Securities Custodian

$675

U.A. LOCAL 350 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL 350 RETIREMENT 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