Retirement plan

U.A. LOCAL 393 TRUST FUND DEFINED CONTRIBUTION PLAN

Name: U.A. LOCAL NO. 393 PENSION DEFINED CONTR - U.A. LOCAL 393 TRUST FUND DEFINED CONTRIBUTION PLAN (2021) Form 5500
Creator: U.A. LOCAL NO. 393 PENSION DEFINED CONTR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL 393 TRUST FUND DEFINED CONTRIBUTION PLAN, U.A. LOCAL NO. 393 PENSION DEFINED CONTR

U.A. LOCAL NO. 393 PENSION DEFINED CONTREIN 94-6075617Plan #003PY 2021

1731 TECHNOLOGY DR SUITE 570 - SAN JOSE, CA 951101326408-588-3770

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$703.9M

-5.0% from 2016

Total participants

3,162

-3.1% from 2016

Average account balance

$222,616

No prior year

Annual return

11.51%

-3.58 pp from 2016

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$772.04M

Not enough data

1 years with asset history on file

Average account balance

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

$231K

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.

3,349

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

$41.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$945

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 10 of 13 by compensation

Provider	Service type	Compensation
NUVEEN7+ years Filed as: NWQ INVESTMENTS Service code 28 · EIN 47-0875103	Investment Management	$1,188,672
POLEN CAPITAL2 years Service code 28 1825 NW CORPORATE BLVD, SUITE 300 · BOCA RATON, FL 33431	Investment Management	$647,270
COLUMBIA6 years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 28 · EIN 41-1533211	Investment Management	$497,093
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 28 150 AMADEN BLVD, SUITE 1375 · SAN JOSE, CA 95113	Investment Management	$304,843
KAUFMANN & GOBLE7+ years Service code 15 · EIN 94-2614826	Recordkeeping	$299,852
BENESYS, INC.7+ years Filed as: BENESYS ADMINISTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$212,576
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$197,606
KRAW LAW GROUP7+ years Service code 29 · EIN 77-0171216	Legal	$78,035
EIDE BAILLY LLP3 years Service code 10 · EIN 45-0250958	Accounting	$56,159
WHITESTAR ADVISORS, LLC7+ years Filed as: WHITESTAR ADVISORS LLC Service code 28 · EIN 03-0496641	Investment Management	$54,376

Plan features & details

Pension benefit codes2E2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$3.7M

$1825 / participant

Investment mgmt$3M70.4%
Contract admin$213K5.8%
Other / not subdivided$876K23.8%

% of EOY assets

0.523%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,616

$88,770+150.8%

$109,191+103.9%

$93,010+139.3%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

11.51%

60.64%-49.1pp

25.76%-14.2pp

158.70%-147.2pp

Employer contribution / active EE

$10,851

$3,780+187.1%

$3,723+191.5%

$2,705+301.1%

Participant deferral / active EE

$6,381

$3,630+75.8%

$4,653+37.1%

$4,561+39.9%

Admin fee / account holder

$1,164

$172+575.7%

$6,756-82.8%

$152+667.7%

Provider

Service type

Compensation

NUVEEN7+ years

Filed as: NWQ INVESTMENTS

Service code 28 · EIN 47-0875103

Investment Management

$1,188,672

POLEN CAPITAL2 years

Service code 28

1825 NW CORPORATE BLVD, SUITE 300 · BOCA RATON, FL 33431

Investment Management

$647,270

COLUMBIA6 years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 28 · EIN 41-1533211

Investment Management

$497,093

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 28

150 AMADEN BLVD, SUITE 1375 · SAN JOSE, CA 95113

Investment Management

$304,843

KAUFMANN & GOBLE7+ years

Service code 15 · EIN 94-2614826

Recordkeeping

$299,852

BENESYS, INC.7+ years

Filed as: BENESYS ADMINISTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$212,576

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

$197,606

KRAW LAW GROUP7+ years

Service code 29 · EIN 77-0171216

Legal

$78,035

EIDE BAILLY LLP3 years

Service code 10 · EIN 45-0250958

Accounting

$56,159

WHITESTAR ADVISORS, LLC7+ years

Filed as: WHITESTAR ADVISORS LLC

Service code 28 · EIN 03-0496641

Investment Management

$54,376

U.A. LOCAL 393 TRUST FUND DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL 393 TRUST FUND DEFINED CONTRIBUTION 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