Retirement plan

U.A. LOCALS NO. 375 AND 367 SUPPLEMENTAL TRUST

Name: BOARD OF TRUSTEES, U.A. LOCALS 375/367 SUPPLEMENTAL PENSION TRUST - U.A. LOCALS NO. 375 AND 367 SUPPLEMENTAL TRUST (2024) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCALS 375/367 SUPPLEMENTAL PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCALS NO. 375 AND 367 SUPPLEMENTAL TRUST, BOARD OF TRUSTEES, U.A. LOCALS 375/367 SUPPLEMENTAL PENSION TRUST

BOARD OF TRUSTEES, U.A. LOCALS 375/367 SUPPLEMENTAL PENSION TRUSTEIN 92-0150923Plan #001PY 2024

PMB #116, 5331 S MACADAM AVE. STE 258 - PORTLAND, OR 97239503-228-0149

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$102.4M

+10.8% from 2023

Total participants

2,375

+14.0% from 2023

Average account balance

$44,628

-0.6% from 2023

Annual return

13.96%

-4.25 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$102.42M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

2,295

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.3 years Filed as: MILLIMAN, INC Service code 15 · EIN 91-0675641	Recordkeeping	$120,487
MATRIX TRUST COMPANY6 years Service code 19 · EIN 75-3182674	Securities Custodian	$59,712
BENESYS, INC.1 year Service code 13 · EIN 38-2383171	Contract Administrator	$56,136
VERUS7 years Service code 27 · EIN 91-1320111	Advisory (Plan)	$25,000
BARLOW COUGHRAN MORALES & JOSEPHSON6 years Service code 29 · EIN 91-0889948	Legal	$21,260
CLIFTONLARSONALLEN LLP3 years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 41-0746749	Accounting	$19,748
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUM SMITH+BROWN,PC Service code 10 · EIN 22-2027092	Accounting	$14,315
TUCKER ARENSBERG1 year Filed as: TUCKER ARENSBERG, P.C. Service code 29 · EIN 25-1425735	Legal	$14,133

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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$377K

$168 / participant

Recordkeeping$134K35.5%
Trustee / custodial$24K6.3%
Investment mgmt$61K16.2%
Legal$35K9.4%
Other trustee fees$23K6.0%
Contract admin$48K12.8%
Other / not subdivided$52K13.8%

% of EOY assets

0.368%

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: $20,746
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,628

$241,850-81.5%

$102,412-56.4%

$199,960-77.7%

Participation rate

96.4%

78.3%+18.1pp

74.5%+21.9pp

72.0%+24.4pp

Annual return

13.96%

17.67%-3.7pp

24.94%-11.0pp

34.28%-20.3pp

Employer contribution / active EE

$974

$4,253-77.1%

$3,870-74.8%

$3,036-67.9%

Participant deferral / active EE

$909

$3,961-77.1%

$5,060-82.0%

$5,087-82.1%

Admin fee / account holder

$164

$288-43.0%

$8,388-98.0%

$269-39.1%

Provider

Service type

Compensation

MILLIMAN, INC.3 years

Filed as: MILLIMAN, INC

Service code 15 · EIN 91-0675641

Recordkeeping

$120,487

MATRIX TRUST COMPANY6 years

Service code 19 · EIN 75-3182674

Securities Custodian

$59,712

BENESYS, INC.1 year

Service code 13 · EIN 38-2383171

Contract Administrator

$56,136

VERUS7 years

Service code 27 · EIN 91-1320111

Advisory (Plan)

$25,000

BARLOW COUGHRAN MORALES & JOSEPHSON6 years

Service code 29 · EIN 91-0889948

Legal

$21,260

CLIFTONLARSONALLEN LLP3 years

Filed as: CLIFTONLARSONALLEN, LLP

Service code 10 · EIN 41-0746749

Accounting

$19,748

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUM SMITH+BROWN,PC

Service code 10 · EIN 22-2027092

Accounting

$14,315

TUCKER ARENSBERG1 year

Filed as: TUCKER ARENSBERG, P.C.

Service code 29 · EIN 25-1425735

Legal

$14,133

U.A. LOCALS NO. 375 AND 367 SUPPLEMENTAL TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCALS NO. 375 AND 367 SUPPLEMENTAL 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