Retirement plan

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN

Name: BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLAN - OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN (2021) 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 2021

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

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$29.6M

+15.0% from 2020

Total participants

4,721

+37.9% from 2020

Average account balance

$11,865

+14.7% from 2020

Annual return

11.49%

-3.86 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

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 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2 years Service code 15 · EIN 91-0675641 1301 FIFTH AVENUE SUITE 3800 · SEATTLE, WA 981012646	Recordkeeping	$139,862
BENEFIT ADMINISTRATION, INC.7+ years Filed as: BENEFIT ADMINISTRATION COMPANY, LLC Service code 13 · EIN 91-1999591 601 UNION ST, STE 1450 · SEATTLE, WA 98101	Contract Administrator	$132,031
CLIFTONLARSONALLEN LLP5 years Service code 10 · EIN 41-0746749	Accounting	$44,119
BARLOW COUGHRAN MORALES & JOSEPHSON3 years Service code 29 · EIN 91-0889948 500 UNION ST · SEATTLE, WA 98101	Legal	$11,770
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674 717 17TH STREET · DENVER, CO 80202	Securities Custodian	$9,878
BAC CAPITAL ADVISORS, LLC6 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

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

Expense breakdown

Schedule H Part II

Admin total

$352K

$90 / participant

Contract admin$277K78.9%
Other / not subdivided$74K21.1%

% of EOY assets

1.188%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,865

$45,719-74.0%

$96,161-87.7%

$93,010-87.2%

Participation rate

42.8%

45.8%-3.0pp

68.4%-25.6pp

73.9%-31.1pp

Annual return

11.49%

3211.95%-3200.5pp

192.01%-180.5pp

158.70%-147.2pp

Employer contribution / active EE

$482

$1,139-57.6%

$2,798-82.8%

$2,705-82.2%

Participant deferral / active EE

$262

$2,344-88.8%

$4,349-94.0%

$4,561-94.3%

Admin fee / account holder

$141

$128+10.2%

$5,538-97.5%

$152-7.0%

Provider

Service type

Compensation

MILLIMAN, INC.2 years

Service code 15 · EIN 91-0675641

1301 FIFTH AVENUE SUITE 3800 · SEATTLE, WA 981012646

Recordkeeping

$139,862

BENEFIT ADMINISTRATION, INC.7+ years

Filed as: BENEFIT ADMINISTRATION COMPANY, LLC

Service code 13 · EIN 91-1999591

601 UNION ST, STE 1450 · SEATTLE, WA 98101

Contract Administrator

$132,031

CLIFTONLARSONALLEN LLP5 years

Service code 10 · EIN 41-0746749

Accounting

$44,119

BARLOW COUGHRAN MORALES & JOSEPHSON3 years

Service code 29 · EIN 91-0889948

500 UNION ST · SEATTLE, WA 98101

Legal

$11,770

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

717 17TH STREET · DENVER, CO 80202

Securities Custodian

$9,878

BAC CAPITAL ADVISORS, LLC6 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

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