Retirement plan

OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN

Name: BOARD OF TRUSTEES OFFICE & PROFESSIONAL EMPLOYEES RET PLAN - OFFICE & PROFESSIONAL EMPLOYEES RETIREMENT PLAN (2024) 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 2024

12029 NE GLENN WIDING DR - PORTLAND, OR 97220800-547-1314

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$34.5M

+12.1% from 2023

Total participants

3,307

+6.9% from 2023

Average account balance

$12,628

+8.5% from 2023

Annual return

13.37%

-2.58 pp from 2023

Benchmarks

See 387 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort387 peers

Snapshot2024

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.5 years Service code 15 · EIN 91-0675641	Recordkeeping	$155,196
BENEFIT ADMINISTRATION, INC.10+ years Filed as: BENEFIT ADMINISTRATION COMPANY, LLC Service code 13 · EIN 91-1999591	Contract Administrator	$151,495
CLIFTONLARSONALLEN LLP8 years Service code 10 · EIN 41-0746749	Accounting	$62,650
BARLOW COUGHRAN MORALES & JOSEPHSON6 years Service code 29 · EIN 91-0889948	Legal	$12,600
BAC CAPITAL ADVISORS, LLC9 years Filed as: BAC CAPITAL ADVISORS LLC Service code 26 · EIN 91-1999591	Advisory (Participants)	$9,600
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674	Securities Custodian	$8,700

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

1 tripped

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

$441K

$166 / participant

Recordkeeping$173K39.3%
Investment mgmt$18K4.1%
Legal$13K2.9%
Other trustee fees$4140.1%
Contract admin$179K40.5%
Other / not subdivided$58K13.0%

% of EOY assets

1.278%

all-in expense ratio

Categories reported

5 / 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: $44,349
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,628

$44,898-71.9%

$85,126-85.2%

$199,921-93.7%

Participation rate

78.4%

45.7%+32.6pp

67.5%+10.8pp

72.0%+6.4pp

Annual return

13.37%

20.98%-7.6pp

66.63%-53.3pp

34.28%-20.9pp

Employer contribution / active EE

$859

$1,367-37.1%

$2,731-68.5%

$3,035-71.7%

Participant deferral / active EE

$440

$2,670-83.5%

$4,523-90.3%

$5,089-91.3%

Admin fee / account holder

$161

$585-72.4%

$6,160-97.4%

$269-40.0%

Provider

Service type

Compensation

MILLIMAN, INC.5 years

Service code 15 · EIN 91-0675641

Recordkeeping

$155,196

BENEFIT ADMINISTRATION, INC.10+ years

Filed as: BENEFIT ADMINISTRATION COMPANY, LLC

Service code 13 · EIN 91-1999591

Contract Administrator

$151,495

CLIFTONLARSONALLEN LLP8 years

Service code 10 · EIN 41-0746749

Accounting

$62,650

BARLOW COUGHRAN MORALES & JOSEPHSON6 years

Service code 29 · EIN 91-0889948

Legal

$12,600

BAC CAPITAL ADVISORS, LLC9 years

Filed as: BAC CAPITAL ADVISORS LLC

Service code 26 · EIN 91-1999591

Advisory (Participants)

$9,600

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

Securities Custodian

$8,700

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