Retirement plan

OPERATING ENGINEERS LOCAL UNION NO.3 401-K PLAN

Name: OPERATING ENGINEERS LOCAL UNION NO.3 - OPERATING ENGINEERS LOCAL UNION NO.3 401-K PLAN (2016) Form 5500
Creator: OPERATING ENGINEERS LOCAL UNION NO.3
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPERATING ENGINEERS LOCAL UNION NO.3 401-K PLAN, OPERATING ENGINEERS LOCAL UNION NO.3

OPERATING ENGINEERS LOCAL UNION NO.3EIN 94-0577785Plan #001PY 2016

1620 SOUTH LOOP ROAD - ALAMEDA, CA 94502510-748-7400oe3.orgLinkedIn201-500 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.7M

+23.1% from 2015

Total participants

201

+1.0% from 2015

Average account balance

$44,965

+21.1% from 2015

Annual return

8.10%

+7.44 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.85M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

46.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$878K

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2947

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 50 · EIN 31-4156830	Direct Payment	$1,693
MORGAN STANLEY SMITH BARNEY2+ years Service code 53 1300 THAMES ST · BALTIMORE, MD 21231	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$58 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.412%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,965

$52,884-15.0%

$84,753-46.9%

$55,167-18.5%

Participation rate

24.5%

67.5%-43.0pp

76.6%-52.1pp

69.0%-44.5pp

Annual return

8.10%

18.03%-9.9pp

22.78%-14.7pp

169.23%-161.1pp

Employer contribution / active EE

$2,233-100.0%

$3,574-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,866

$2,644-29.4%

$3,712-49.7%

$3,054-38.9%

Admin fee / account holder

$185

$581-68.1%

$5,333-96.5%

$504-63.2%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 50 · EIN 31-4156830

Direct Payment

$1,693

MORGAN STANLEY SMITH BARNEY2+ years

Service code 53

1300 THAMES ST · BALTIMORE, MD 21231

Insurance Commissions

OPERATING ENGINEERS LOCAL UNION NO.3 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPERATING ENGINEERS LOCAL UNION NO.3 401-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