Retirement plan

WESTERN WASHINGTON U.A. SUPPLEMENTAL PENSION PLAN

Name: BOARD OF TRUSTEES OF THE WESTERN WA U.A. SUPPLEMENTAL PENSION PLAN - WESTERN WASHINGTON U.A. SUPPLEMENTAL PENSION PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES OF THE WESTERN WA U.A. SUPPLEMENTAL PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN WASHINGTON U.A. SUPPLEMENTAL PENSION PLAN, BOARD OF TRUSTEES OF THE WESTERN WA U.A. SUPPLEMENTAL PENSION PLAN

BOARD OF TRUSTEES OF THE WESTERN WA U.A. SUPPLEMENTAL PENSION PLANEIN 91-1879397Plan #001PY 2023

11724 NE 195TH STREET SUITE 300 - BOTHELL, WA 98011206-282-4100

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$573.8M

-10.1% from 2016

Total participants

6,311

+3.6% from 2016

Average account balance

$93,335

-13.7% from 2016

Annual return

18.61%

-7.36 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$661.12M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

6,354

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 10 of 11 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS9+ years Service code 13 · EIN 52-1590516	Contract Administrator	$364,702
MILLIMAN, INC.9+ years Filed as: MILLIMAN Service code 13 · EIN 91-0675641	Contract Administrator	$352,102
MATRIX TRUST COMPANY5 years Service code 19 · EIN 75-3182674	Securities Custodian	$64,360
WASHINGTON CAPITAL MANAGEMENT, INC.2 years Filed as: WASHINGTON CAPITAL MANAGEMENT, INC Service code 28 · EIN 91-1042342	Investment Management	$53,195
VERUS9+ years Service code 27 · EIN 91-1320111	Advisory (Plan)	$50,625
BARLOW COUGHRAN MORALES & JOSEPHSON5 years Filed as: BARLOW COUGHRAN MORALES JOSEPHSON Service code 29 · EIN 91-0889948	Legal	$48,987
CLIFTONLARSONALLEN LLP9+ years Service code 10 · EIN 41-0476749	Accounting	$22,631
THE SEGAL COMPANY2 years Filed as: SEGAL SELECT INS SERVICES, INC. Service code 53 · EIN 46-0619194	Insurance Commissions	$17,417
WELLS FARGO BANK, N.A.9+ years Filed as: WELLS FARGO BANK NA Service code 49 · EIN 95-4428141	Other Services	$13,812
ANASTASI, MOORE & MARTIN, PLLC2 years Service code 10 · EIN 20-8149084	Accounting	$11,622

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

$1.1M

$250 / participant

Recordkeeping$12K1.1%
Trustee / custodial$86K7.9%
Investment mgmt$104K9.6%
Legal$49K4.5%
Other trustee fees$5K0.5%
Contract admin$716K65.8%
Other / not subdivided$115K10.6%

% of EOY assets

0.189%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $22,631
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,335

$88,479+5.5%

$96,543-3.3%

$80,187+16.4%

Participation rate

96.2%

79.9%+16.3pp

74.3%+21.9pp

72.9%+23.3pp

Annual return

18.61%

22.53%-3.9pp

35.75%-17.1pp

40.40%-21.8pp

Employer contribution / active EE

$7,249

$4,177+73.6%

$3,741+93.8%

$2,980+143.3%

Participant deferral / active EE

$2,469

$3,961-37.7%

$4,880-49.4%

$5,016-50.8%

Admin fee / account holder

$177

$211-16.4%

$6,737-97.4%

$145+21.9%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS9+ years

Service code 13 · EIN 52-1590516

Contract Administrator

$364,702

MILLIMAN, INC.9+ years

Filed as: MILLIMAN

Service code 13 · EIN 91-0675641

Contract Administrator

$352,102

MATRIX TRUST COMPANY5 years

Service code 19 · EIN 75-3182674

Securities Custodian

$64,360

WASHINGTON CAPITAL MANAGEMENT, INC.2 years

Filed as: WASHINGTON CAPITAL MANAGEMENT, INC

Service code 28 · EIN 91-1042342

Investment Management

$53,195

VERUS9+ years

Service code 27 · EIN 91-1320111

Advisory (Plan)

$50,625

BARLOW COUGHRAN MORALES & JOSEPHSON5 years

Filed as: BARLOW COUGHRAN MORALES JOSEPHSON

Service code 29 · EIN 91-0889948

Legal

$48,987

CLIFTONLARSONALLEN LLP9+ years

Service code 10 · EIN 41-0476749

Accounting

$22,631

THE SEGAL COMPANY2 years

Filed as: SEGAL SELECT INS SERVICES, INC.

Service code 53 · EIN 46-0619194

Insurance Commissions

$17,417

WELLS FARGO BANK, N.A.9+ years

Filed as: WELLS FARGO BANK NA

Service code 49 · EIN 95-4428141

Other Services

$13,812

ANASTASI, MOORE & MARTIN, PLLC2 years

Service code 10 · EIN 20-8149084

Accounting

$11,622

WESTERN WASHINGTON U.A. SUPPLEMENTAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN WASHINGTON U.A. SUPPLEMENTAL PENSION 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