Retirement plan

LOCAL UNION 598 SUPPLEMENTAL PENSION PLAN

Name: TRUSTEES, LOCAL UNION 598 SUPP PENSION PLAN - LOCAL UNION 598 SUPPLEMENTAL PENSION PLAN (2018) Form 5500
Creator: TRUSTEES, LOCAL UNION 598 SUPP PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL UNION 598 SUPPLEMENTAL PENSION PLAN, TRUSTEES, LOCAL UNION 598 SUPP PENSION PLAN

TRUSTEES, LOCAL UNION 598 SUPP PENSION PLANEIN 93-1069859Plan #001PY 2018

5331 SW MACADAM AVE STE 258 PMB 116 - PORTLAND, OR 97239503-224-0048

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$76.7M

+9.1% from 2017

Total participants

965

+2.9% from 2017

Average account balance

$80,047

+6.8% from 2017

Annual return

6.84%

-3.87 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$142.52M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

1,172

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+24.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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 7 by compensation

Provider	Service type	Compensation
PLAN DESIGN CONSULTANTS, INC.3+ years Filed as: NW PLAN SERVICES Service code 17 · EIN 91-2090931 5446 CALIFORNIA AVE 200 · SEATTLE, WA 98136	Pension Consulting	$74,533
BENESYS, INC.3+ years Service code 12 · EIN 38-2383171 PMB116 5331 SW MACADAM · PORTLAND, OR 97239	Claims processing	$45,339
MATRIX TRUST COMPANY3+ years Service code 19 · EIN 51-0099033 2800 N CENTRAL AVE., 900 · PHOENIX, AZ 85004	Securities Custodian	$31,469
HIGHLAND CONSULTING ASSOCIATES3+ years Filed as: HIGHLAND CAPITAL MANAGEMENT Service code 27 · EIN 20-4284376 1605 NW SAMMAMISH RD 250 · ISSAQUAH, WA 98027	Advisory (Plan)	$25,434
BROWNSTEIN HYATT FARBER SCHRECK LLP3+ years Filed as: BROWNSTEIN RASK ET. AL. Service code 29 · EIN 93-0589000 1200 SW MAIN STREET · PORTLAND, OR 97205	Legal	$11,537
BJORKLUND & MONTPLAISIR3+ years Filed as: BJORKLUND & MONTPLAISIR CPAS Service code 10 · EIN 93-1015766 9020 SW WA SQUARE ROAD · PORTLAND, OR 97223	Accounting	$9,500
UNITED ASSOC. OF JOURNEYMAN LOC 5982 years Service code 49 · EIN 91-0496684 1328 N ROAD 28 · PASCO, WA 99301	Other Services	$6,650

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2T2C2F2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$256K

$412 / participant

Investment mgmt$25K9.9%
Contract admin$120K46.8%
Other / not subdivided$111K43.3%

% of EOY assets

0.334%

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: BJORKLUND AND MONTPLAISIR
Auditor EIN: 931015766
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,047

$56,443+41.8%

$83,830-4.5%

$55,725+43.6%

Participation rate

98.9%

72.0%+26.8pp

76.1%+22.7pp

70.9%+28.0pp

Annual return

6.84%

393.67%-386.8pp

850.97%-844.1pp

244.93%-238.1pp

Employer contribution / active EE

$7,828

$2,682+191.9%

$3,631+115.6%

$2,078+276.7%

Participant deferral / active EE

$2,965-100.0%

$4,082-100.0%

$3,356-100.0%

Admin fee / account holder

$267

$156+71.1%

$5,479-95.1%

$115+132.1%

Provider

Service type

Compensation

PLAN DESIGN CONSULTANTS, INC.3+ years

Filed as: NW PLAN SERVICES

Service code 17 · EIN 91-2090931

5446 CALIFORNIA AVE 200 · SEATTLE, WA 98136

Pension Consulting

$74,533

BENESYS, INC.3+ years

Service code 12 · EIN 38-2383171

PMB116 5331 SW MACADAM · PORTLAND, OR 97239

Claims processing

$45,339

MATRIX TRUST COMPANY3+ years

Service code 19 · EIN 51-0099033

2800 N CENTRAL AVE., 900 · PHOENIX, AZ 85004

Securities Custodian

$31,469

HIGHLAND CONSULTING ASSOCIATES3+ years

Filed as: HIGHLAND CAPITAL MANAGEMENT

Service code 27 · EIN 20-4284376

1605 NW SAMMAMISH RD 250 · ISSAQUAH, WA 98027

Advisory (Plan)

$25,434

BROWNSTEIN HYATT FARBER SCHRECK LLP3+ years

Filed as: BROWNSTEIN RASK ET. AL.

Service code 29 · EIN 93-0589000

1200 SW MAIN STREET · PORTLAND, OR 97205

Legal

$11,537

BJORKLUND & MONTPLAISIR3+ years

Filed as: BJORKLUND & MONTPLAISIR CPAS

Service code 10 · EIN 93-1015766

9020 SW WA SQUARE ROAD · PORTLAND, OR 97223

Accounting

$9,500

UNITED ASSOC. OF JOURNEYMAN LOC 5982 years

Service code 49 · EIN 91-0496684

1328 N ROAD 28 · PASCO, WA 99301

Other Services

$6,650

LOCAL UNION 598 SUPPLEMENTAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL UNION 598 SUPPLEMENTAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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