Retirement plan

UNITED ASSOCIATION UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY 401(K) PLAN

Name: BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER, - UNITED ASSOCIATION UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY 401(K) PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED ASSOCIATION UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY 401(K) PLAN, BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,

BOARD OF TRUSTEES, U.A. UNION LOCAL NO. 290 PLUMBER,dba STEAMFITTER AND SHIPFITTER INDUSTRYEIN 93-1143757Plan #002PY 2024

12205 SW TUALATIN RD STE 200 - TUALATIN, OR 97062866-796-2305

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$235.6M

+16.9% from 2023

Total participants

3,115

+7.9% from 2023

Average account balance

$75,640

-5.6% from 2023

Annual return

14.92%

-2.76 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

$235.62M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

3,115

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

$15.82M

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

+14.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERV. Service code 15 · EIN 01-0233346	Recordkeeping	$108,221
ZENITH AMERICAN SOLUTIONS10+ years Service code 13 · EIN 52-1590516	Contract Administrator	$62,356
NUWEST INSURANCE SERVICES1 year Service code 22 · EIN 36-1436000	Insurance Broker	$41,281
VERUS8 years Filed as: VERUS ADVISORY, INC. Service code 17 · EIN 91-1320111	Pension Consulting	$39,345
MILLER KAPLAN ARASE LLP7 years Service code 10 · EIN 95-2036255	Accounting	$21,170
BARLOW COUGHRAN MORALES & JOSEPHSON6 years Service code 29 · EIN 91-0889948	Legal	$19,680

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

$318K

$103 / participant

Recordkeeping$1K0.4%
Trustee / custodial$5K1.5%
Investment mgmt$148K46.4%
Legal$20K6.2%
Contract admin$62K19.6%
Other / not subdivided$82K25.8%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $21,170
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,640

$241,850-68.7%

$102,412-26.1%

$199,960-62.2%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

14.92%

17.67%-2.8pp

24.94%-10.0pp

34.28%-19.4pp

Employer contribution / active EE

$4,253-100.0%

$3,870-100.0%

$3,036-100.0%

Participant deferral / active EE

$5,124

$3,961+29.3%

$5,060+1.3%

$5,087+0.7%

Admin fee / account holder

$102

$288-64.6%

$8,388-98.8%

$269-62.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERV.

Service code 15 · EIN 01-0233346

Recordkeeping

$108,221

ZENITH AMERICAN SOLUTIONS10+ years

Service code 13 · EIN 52-1590516

Contract Administrator

$62,356

NUWEST INSURANCE SERVICES1 year

Service code 22 · EIN 36-1436000

Insurance Broker

$41,281

VERUS8 years

Filed as: VERUS ADVISORY, INC.

Service code 17 · EIN 91-1320111

Pension Consulting

$39,345

MILLER KAPLAN ARASE LLP7 years

Service code 10 · EIN 95-2036255

Accounting

$21,170

BARLOW COUGHRAN MORALES & JOSEPHSON6 years

Service code 29 · EIN 91-0889948

Legal

$19,680

UNITED ASSOCIATION UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED ASSOCIATION UNION LOCAL NO. 290 PLUMBER, STEAMFITTER AND SHIPFITTER INDUSTRY 401(K) 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