Retirement plan

U.A. LOCAL 350 RETIREMENT TRUST

Name: BOARD OF TRUSTEES OF THE U.A. LOCAL 350 RETIREMENT TRUST - U.A. LOCAL 350 RETIREMENT TRUST (2016) Form 5500
Creator: BOARD OF TRUSTEES OF THE 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, BOARD OF TRUSTEES OF THE U.A. LOCAL 350 RETIREMENT TRUST

BOARD OF TRUSTEES OF THE U.A. LOCAL 350 RETIREMENT TRUSTEIN 88-0214223Plan #001PY 2016

PO BOX 10374 - SPARKS, NV 894311037775-359-6377

Prospect flagsHigh retiree %Low assets / participant

How to read this page

Total assets (EOY)

$20M

+9.0% from 2015

Total participants

1,885

+2.4% from 2015

Average account balance

$10,605

+6.4% from 2015

Annual return

7.40%

+8.90 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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 4 by compensation

Provider	Service type	Compensation
BENEFIT PLAN ADMINISTRATORS2+ years Service code 14 · EIN 88-0277518 445 APPLE STREET · RENO, NV 89502	Plan Administrator	$60,670
EIDE BAILLY LLP2+ years Filed as: EIDE BAILLY Service code 10 · EIN 45-0250958 5441 KIETZKE LN., STE. 150 · RENO, NV 89511	Accounting	$20,850
ANDCO CONSULTING1 year Service code 27 · EIN 59-3676225 10391 DOUBLE R. BLVD · RENO, NV 89521	Advisory (Plan)	$11,435
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB Service code 51 · EIN 94-1737782 211 MAIN STREET · SAN FRANCISCO, CA 94105	Investment Mgmt Fees	$5,650

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$114K

$102 / participant

Investment mgmt$12K10.3%
Contract admin$61K53.2%
Other / not subdivided$42K36.5%

% of EOY assets

0.571%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,605

$54,392-80.5%

$84,753-87.5%

$63,975-83.4%

Participation rate

100.0%

76.9%+23.1pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

7.40%

611.38%-604.0pp

22.78%-15.4pp

48.65%-41.3pp

Employer contribution / active EE

$870

$2,943-70.5%

$3,574-75.7%

$2,182-60.1%

Participant deferral / active EE

$2,593-100.0%

$3,712-100.0%

$3,356-100.0%

Admin fee / account holder

$61

$136-55.4%

$5,333-98.9%

$70-14.1%

Provider

Service type

Compensation

BENEFIT PLAN ADMINISTRATORS2+ years

Service code 14 · EIN 88-0277518

445 APPLE STREET · RENO, NV 89502

Plan Administrator

$60,670

EIDE BAILLY LLP2+ years

Filed as: EIDE BAILLY

Service code 10 · EIN 45-0250958

5441 KIETZKE LN., STE. 150 · RENO, NV 89511

Accounting

$20,850

ANDCO CONSULTING1 year

Service code 27 · EIN 59-3676225

10391 DOUBLE R. BLVD · RENO, NV 89521

Advisory (Plan)

$11,435

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB

Service code 51 · EIN 94-1737782

211 MAIN STREET · SAN FRANCISCO, CA 94105

Investment Mgmt Fees

$5,650

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