Retirement plan

NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT PLAN

Name: BOARD OF TRUSTEES NORTHERN CALI. PIPE TRADES PENSION TRUST - NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES NORTHERN CALI. PIPE TRADES PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT PLAN, BOARD OF TRUSTEES NORTHERN CALI. PIPE TRADES PENSION TRUST

BOARD OF TRUSTEES NORTHERN CALI. PIPE TRADES PENSION TRUSTEIN 94-3190386Plan #002PY 2023

935 DETROIT AVENUE, SUITE 242A - CONCORD, CA 945182501925-356-8921

Other plans on this EIN

1 filing

#001Retirement-$1.05B assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$591.7M

-10.4% from 2016

Total participants

4,256

-3.0% from 2016

Average account balance

$139,030

-7.6% from 2016

Annual return

34.52%

-7.13 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$568.64M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

4,259

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

$43.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

-4.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 9 by compensation

Provider	Service type	Compensation
U.A. LOCAL 342 JOINT MGMT COOP COM1 year Service code 13 · EIN 68-0315768	Contract Administrator	$352,328
MATRIX TRUST COMPANY3 years Service code 25 · EIN 75-3182674	Directed Trustee	$133,274
LINCOLN NATIONAL CORPORATION2 years Filed as: LINCOLN INVESTMENT COMPANY Service code 17 · EIN 23-1702591	Pension Consulting	$92,440
WITHUMSMITH+BROWN, PC2 years Service code 10 · EIN 22-2027092	Accounting	$32,270
NEYHART, ANDERSON, FLYNN & GROSBOLL8 years Service code 29 · EIN 94-2576729	Legal	$29,568
LIFESTATUS360, LLC1 year Service code 49 · EIN 94-3389460	Other Services	$12,795
STEPHEN HORN INSURANCE SERVICES1 year Service code 53 · EIN 94-3249244	Insurance Commissions	$10,908
MILLER KAPLAN ARASE LLP1 year Filed as: MILLER KAPLAN ARASE, LLP Service code 49 · EIN 95-2036255	Other Services	$6,250
PRINT2ASSIST, INC.1 year Service code 36 · EIN 71-0944528	Direct payment from the plan; Copying...	$6,002

Plan features & details

Pension benefit codes2C2E2F2G2J

Plan features

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

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

$966K

$378 / participant

Recordkeeping$195K20.2%
Trustee / custodial$5K0.5%
Investment mgmt$226K23.4%
Legal$30K3.1%
Contract admin$178K18.4%
Other / not subdivided$334K34.5%

% of EOY assets

0.163%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $32,270
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,030

$88,479+57.1%

$96,543+44.0%

$80,187+73.4%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

34.52%

22.53%+12.0pp

35.75%-1.2pp

40.40%-5.9pp

Employer contribution / active EE

$12,206

$4,177+192.2%

$3,741+226.3%

$2,980+309.7%

Participant deferral / active EE

$5,412

$3,961+36.6%

$4,880+10.9%

$5,016+7.9%

Admin fee / account holder

$227

$211+7.4%

$6,737-96.6%

$145+56.6%

Provider

Service type

Compensation

U.A. LOCAL 342 JOINT MGMT COOP COM1 year

Service code 13 · EIN 68-0315768

Contract Administrator

$352,328

MATRIX TRUST COMPANY3 years

Service code 25 · EIN 75-3182674

Directed Trustee

$133,274

LINCOLN NATIONAL CORPORATION2 years

Filed as: LINCOLN INVESTMENT COMPANY

Service code 17 · EIN 23-1702591

Pension Consulting

$92,440

WITHUMSMITH+BROWN, PC2 years

Service code 10 · EIN 22-2027092

Accounting

$32,270

NEYHART, ANDERSON, FLYNN & GROSBOLL8 years

Service code 29 · EIN 94-2576729

Legal

$29,568

LIFESTATUS360, LLC1 year

Service code 49 · EIN 94-3389460

Other Services

$12,795

STEPHEN HORN INSURANCE SERVICES1 year

Service code 53 · EIN 94-3249244

Insurance Commissions

$10,908

MILLER KAPLAN ARASE LLP1 year

Filed as: MILLER KAPLAN ARASE, LLP

Service code 49 · EIN 95-2036255

Other Services

$6,250

PRINT2ASSIST, INC.1 year

Service code 36 · EIN 71-0944528

Direct payment from the plan; Copying...

$6,002

NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT 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