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 (2016) 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 2016

PO BOX 34203 - SEATTLE, WA 98124206-441-7574

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$70.7M

+6.0% from 2015

Total participants

2,089

+1.4% from 2015

Average account balance

$36,691

+6.5% from 2015

Annual return

8.52%

+9.73 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Filed as: MILLIMAN Service code 15 · EIN 91-0676641	Recordkeeping	$68,399
INVESCO2+ years Service code 28 · EIN 76-0352823	Investment Management	$40,815
WELFARE & PENSION ADMIN SERVICE INC2+ years Filed as: WELFARE PENSION & ADMINISTRATION Service code 13 · EIN 91-1363171	Contract Administrator	$32,595
MATRIX TRUST COMPANY2+ years Filed as: MATRIX FINANCIAL SERVICES Service code 19 · EIN 20-1591048	Securities Custodian	$29,200
RVK, INC.2+ years Filed as: RV KUHNS Service code 27 · EIN 93-0910652	Advisory (Plan)	$26,000
CLIFTONLARSONALLEN LLP2+ years Filed as: CLIFTONLARSONALLEN Service code 10 · EIN 41-0746749	Accounting	$10,723
MCKENZIE ROTHWELL BARLOW & COUGHRAN1 year Service code 29 · EIN 91-0889948	Legal	$9,002
LABOR TRUST SERVICES, INC.2+ years Filed as: LABOR TRUST SERVICES Service code 13 · EIN 92-0134212	Contract Administrator	$5,280

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

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

Expense breakdown

Schedule H Part II

Admin total

$267K

$133 / participant

Investment mgmt$67K25.0%
Contract admin$93K34.7%
Other / not subdivided$108K40.3%

% of EOY assets

0.378%

all-in expense ratio

Categories reported

2 / 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

$36,691

$54,392-32.5%

$84,753-56.7%

$63,975-42.6%

Participation rate

91.9%

76.9%+15.0pp

76.6%+15.3pp

71.1%+20.8pp

Annual return

8.52%

611.38%-602.9pp

22.78%-14.3pp

48.65%-40.1pp

Employer contribution / active EE

$652

$2,943-77.8%

$3,574-81.8%

$2,182-70.1%

Participant deferral / active EE

$1,148

$2,593-55.7%

$3,712-69.1%

$3,356-65.8%

Admin fee / account holder

$139

$136+2.1%

$5,333-97.4%

$70+96.8%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0676641

Recordkeeping

$68,399

INVESCO2+ years

Service code 28 · EIN 76-0352823

Investment Management

$40,815

WELFARE & PENSION ADMIN SERVICE INC2+ years

Filed as: WELFARE PENSION & ADMINISTRATION

Service code 13 · EIN 91-1363171

Contract Administrator

$32,595

MATRIX TRUST COMPANY2+ years

Filed as: MATRIX FINANCIAL SERVICES

Service code 19 · EIN 20-1591048

Securities Custodian

$29,200

RVK, INC.2+ years

Filed as: RV KUHNS

Service code 27 · EIN 93-0910652

Advisory (Plan)

$26,000

CLIFTONLARSONALLEN LLP2+ years

Filed as: CLIFTONLARSONALLEN

Service code 10 · EIN 41-0746749

Accounting

$10,723

MCKENZIE ROTHWELL BARLOW & COUGHRAN1 year

Service code 29 · EIN 91-0889948

Legal

$9,002

LABOR TRUST SERVICES, INC.2+ years

Filed as: LABOR TRUST SERVICES

Service code 13 · EIN 92-0134212

Contract Administrator

$5,280

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