Retirement plan

PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION 401(K) DEFINED CONTRIBUTION PLAN AND TRUST

Name: PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION - PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION 401(K) DEFINED CONTRIBUTION PLAN AND TRUST (2023) Form 5500
Creator: PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION 401(K) DEFINED CONTRIBUTION PLAN AND TRUST, PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION

PLUMBING & MECHANICAL CONTRACTORS ASSOCIATIONEIN 93-0942644Plan #001PY 2023

14695 S.W. MILLIKAN WAY - BEAVERTON, OR 97006503-626-6666

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.3M

-62.5% from 2022

Total participants

-45.7% from 2022

Average account balance

$104,250

-18.7% from 2022

Annual return

-21.00%

-5.70 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.48M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2E2G2J2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$135721 / participant

Other / not subdivided$2M100.0%

% of EOY assets

130.188%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,250

$106,247-1.9%

$96,515+8.0%

$139,466-25.3%

Participation rate

41.7%

77.8%-36.2pp

74.3%-32.7pp

80.3%-38.7pp

Annual return

-21.00%

38.47%-59.5pp

35.73%-56.7pp

373.66%-394.7pp

Employer contribution / active EE

$5,778

$4,106+40.7%

$3,740+54.5%

$4,754+21.6%

Participant deferral / active EE

$14,280

$5,456+161.7%

$4,880+192.6%

$6,712+112.8%

Admin fee / account holder

$135,721

$7,885+1621.2%

$6,735+1915.0%

$11,409+1089.6%

PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION 401(K) DEFINED CONTRIBUTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLUMBING & MECHANICAL CONTRACTORS ASSOCIATION 401(K) DEFINED CONTRIBUTION PLAN AND 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