Retirement plan

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN

Name: BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLAN - OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN (2019) Form 5500
Creator: BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN, BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLAN

BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLANEIN 91-1337614Plan #001PY 2019

601 UNION ST STE 1450 - SEATTLE, WA 98101206-625-1800

Prospect flagsLow returnsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.7M

+12.9% from 2018

Total participants

4,195

-2.1% from 2018

Average account balance

$8,760

+13.9% from 2018

Annual return

17.32%

+22.61 pp from 2018

Benchmarks

See 291 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort291 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.50M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

2,732

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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 7 by compensation

Provider	Service type	Compensation
BENEFIT ADMINISTRATION, INC.5+ years Filed as: BENEFIT ADMINISTRATION COMPANY, LLC Service code 13 · EIN 91-1999591 601 UNION ST, STE 1450 · SEATTLE, WA 98101	Contract Administrator	$151,193
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 1150 S OLIVE STREET · LOS ANGELES, CA 90015	Recordkeeping	$25,532
TEJERA & ASSOCIATES, LLC1 year Service code 70 · EIN 20-3001362	Consulting Fees	$24,675
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749	Accounting	$13,806
BARLOW COUGHRAN MORALES & JOSEPHSON1 year Service code 29 · EIN 91-0889948 500 UNION ST · SEATTLE, WA 98101	Legal	$12,039
BAC CAPITAL ADVISORS, LLC4 years Filed as: BAC CAPITAL ADVISORS LLC Service code 26 · EIN 91-1999591 601 UNION ST STE 1450 · SEATTLE, WA 98101	Advisory (Participants)	$9,600
MAHRT & ASSOCIATES, PLLC5+ years Service code 10 · EIN 91-1873332 33308 13TH PL S, STE 1 · FEDERAL WAY, WA 98003	Accounting	$6,670

Plan features & details

Pension benefit codes2G2J2K2E2F2T

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.
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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$256K

$76 / participant

Investment mgmt$10K3.7%
Contract admin$151K59.1%
Other / not subdivided$95K37.2%

% of EOY assets

1.238%

all-in expense ratio

Categories reported

2 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,760

$41,617-79.0%

$84,628-89.6%

$77,775-88.7%

Participation rate

45.4%

45.0%+0.3pp

68.2%-22.9pp

73.2%-27.9pp

Annual return

17.32%

24.97%-7.6pp

258.80%-241.5pp

32.58%-15.3pp

Employer contribution / active EE

$449

$1,061-57.7%

$2,653-83.1%

$2,504-82.1%

Participant deferral / active EE

$259

$2,129-87.8%

$3,900-93.3%

$3,966-93.5%

Admin fee / account holder

$108

$121-10.4%

$4,914-97.8%

$100+8.4%

Provider

Service type

Compensation

BENEFIT ADMINISTRATION, INC.5+ years

Filed as: BENEFIT ADMINISTRATION COMPANY, LLC

Service code 13 · EIN 91-1999591

601 UNION ST, STE 1450 · SEATTLE, WA 98101

Contract Administrator

$151,193

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

1150 S OLIVE STREET · LOS ANGELES, CA 90015

Recordkeeping

$25,532

TEJERA & ASSOCIATES, LLC1 year

Service code 70 · EIN 20-3001362

Consulting Fees

$24,675

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

Accounting

$13,806

BARLOW COUGHRAN MORALES & JOSEPHSON1 year

Service code 29 · EIN 91-0889948

500 UNION ST · SEATTLE, WA 98101

Legal

$12,039

BAC CAPITAL ADVISORS, LLC4 years

Filed as: BAC CAPITAL ADVISORS LLC

Service code 26 · EIN 91-1999591

601 UNION ST STE 1450 · SEATTLE, WA 98101

Advisory (Participants)

$9,600

MAHRT & ASSOCIATES, PLLC5+ years

Service code 10 · EIN 91-1873332

33308 13TH PL S, STE 1 · FEDERAL WAY, WA 98003

Accounting

$6,670

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT 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