Retirement plan

U.A. LOCAL 467 DEFINED BENEFIT PLAN

Name: BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUST - U.A. LOCAL 467 DEFINED BENEFIT PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL 467 DEFINED BENEFIT PLAN, BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUST

BOARD OF TRUSTEES, U.A. LOCAL 467 PENSION TRUSTdba DEFINED BENEFIT PLANEIN 94-2353807Plan #005PY 2024

6800 SANTA TERESA BLVD STE 100 - SAN JOSE, CA 95119408-288-4400LinkedIn501-1000 employeesconstruction

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$859.2M

-5.6% from 2016

Total participants

1,960

-0.6% from 2016

Average account balance

No prior year

Annual return

14.28%

-3.42 pp from 2016

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$859.22M

Not enough data

1 years with asset history on file

Average account balance

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

$438K

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.

1,071

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 9 by compensation

Provider	Service type	Compensation
NEW CENTURY PARTNERS10+ years Service code 28 · EIN 68-0189192	Investment Management	$1,335,972
UNITED ADMINISTRATIVE SERVICES10+ years Service code 13 · EIN 94-1749345	Contract Administrator	$144,123
NWPS3 years Service code 11 · EIN 91-2090931	Actuarial	$102,000
MILLER KAPLAN ARASE LLP2 years Service code 10 · EIN 95-2036255	Accounting	$101,984
WHITESTAR ADVISORS, LLC10+ years Service code 28 · EIN 03-0496641	Investment Management	$101,000
NEYHART, ANDERSON, FLYNN & GROSBOLL7 years Service code 29 · EIN 94-2576729	Legal	$20,886
UNION DATA SYSTEMS2 years Filed as: UNION DATA SYSTEMS INC Service code 49 4379 WHITEFIELD CT · SANTA MARIA, CA 93455	Other Services	$18,428
UA LO 4673 years Service code 14 · EIN 94-0775047	Plan Administrator	$18,032
SMART SOURCE LLC2 years Filed as: SMART SOURCE CRITICAL COMMUNICATION Service code 36 7270 MCGINNIS FERRY RD · SUWANNEE, GA 30024	Direct payment from the plan; Copying...	$10,614

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$2357 / participant

Recordkeeping$54K2.6%
Investment mgmt$1M68.6%
Legal$21K1.0%
Actuarial$102K4.9%
Other trustee fees$6K0.3%
Contract admin$162K7.7%
Other / not subdivided$314K15.0%

% of EOY assets

0.244%

all-in expense ratio

Categories reported

6 / 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: $47,740
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

14.28%

11.08%+3.2pp

8.10%+6.2pp

8.76%+5.5pp

Employer contribution / active EE

$29,455

$13,910+111.8%

$28,649+2.8%

$16,664+76.8%

Participant deferral / active EE

$6,458-100.0%

$10-100.0%

$948-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

NEW CENTURY PARTNERS10+ years

Service code 28 · EIN 68-0189192

Investment Management

$1,335,972

UNITED ADMINISTRATIVE SERVICES10+ years

Service code 13 · EIN 94-1749345

Contract Administrator

$144,123

NWPS3 years

Service code 11 · EIN 91-2090931

Actuarial

$102,000

MILLER KAPLAN ARASE LLP2 years

Service code 10 · EIN 95-2036255

Accounting

$101,984

WHITESTAR ADVISORS, LLC10+ years

Service code 28 · EIN 03-0496641

Investment Management

$101,000

NEYHART, ANDERSON, FLYNN & GROSBOLL7 years

Service code 29 · EIN 94-2576729

Legal

$20,886

UNION DATA SYSTEMS2 years

Filed as: UNION DATA SYSTEMS INC

Service code 49

4379 WHITEFIELD CT · SANTA MARIA, CA 93455

Other Services

$18,428

UA LO 4673 years

Service code 14 · EIN 94-0775047

Plan Administrator

$18,032

SMART SOURCE LLC2 years

Filed as: SMART SOURCE CRITICAL COMMUNICATION

Service code 36

7270 MCGINNIS FERRY RD · SUWANNEE, GA 30024

Direct payment from the plan; Copying...

$10,614

U.A. LOCAL 467 DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL 467 DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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