Retirement plan

U. A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES OF THE U.A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN - U. A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN (2022) Form 5500
Creator: BOARD OF TRUSTEES OF THE U.A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U. A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES OF THE U.A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN

BOARD OF TRUSTEES OF THE U.A. LOCAL NO. 393 DEFINED CONTRIBUTION PLANEIN 94-6075617Plan #003PY 2022

1731 TECHNOLOGY DR SUITE 570 - SAN JOSE, CA 95110408-588-3770

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$597.7M

-5.0% from 2016

Total participants

3,184

-3.1% from 2016

Average account balance

$187,723

No prior year

Annual return

-16.72%

-3.58 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

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

Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
NUVEEN8+ years Filed as: NWQ INVESTMENTS Service code 28 · EIN 47-0875103	Investment Management	$1,224,879
POLEN CAPITAL1 year Filed as: POLEN CAPITAL MANAGEMENT LLC Service code 28 · EIN 26-0319356	Investment Management	$540,388
COLUMBIA7 years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 28 · EIN 41-1533211	Investment Management	$493,375
NORTHWEST PLAN SERVICES, INC.1 year Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$381,833
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL, INC. Service code 28 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Investment Management	$260,649
BENESYS, INC.8+ years Filed as: BENESYS ADMINISTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$217,534
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$173,937
EIDE BAILLY LLP4 years Service code 10 · EIN 45-0250958	Accounting	$72,615
KRAW LAW GROUP8+ years Service code 29 · EIN 77-0171216	Legal	$52,731
SMART SOURCE LLC1 year Service code 36 7270 MCGINNIS FERRY ROAD · SUWANEE, GA 30024	Copying and duplicating; Direct payme...	$52,115

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$3.5M

$1751 / participant

Investment mgmt$2M68.5%
Contract admin$218K6.1%
Other / not subdivided$899K25.4%

% of EOY assets

0.593%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,723

$76,774+144.5%

$112,270+67.2%

$77,906+141.0%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-16.72%

-10.25%-6.5pp

27.49%-44.2pp

12.16%-28.9pp

Employer contribution / active EE

$12,604

$3,977+216.9%

$3,635+246.7%

$2,846+342.8%

Participant deferral / active EE

$6,516

$3,778+72.4%

$4,729+37.8%

$4,805+35.6%

Admin fee / account holder

$1,113

$239+366.0%

$6,411-82.6%

$133+739.7%

Provider

Service type

Compensation

NUVEEN8+ years

Filed as: NWQ INVESTMENTS

Service code 28 · EIN 47-0875103

Investment Management

$1,224,879

POLEN CAPITAL1 year

Filed as: POLEN CAPITAL MANAGEMENT LLC

Service code 28 · EIN 26-0319356

Investment Management

$540,388

COLUMBIA7 years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 28 · EIN 41-1533211

Investment Management

$493,375

NORTHWEST PLAN SERVICES, INC.1 year

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$381,833

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL, INC.

Service code 28

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Investment Management

$260,649

BENESYS, INC.8+ years

Filed as: BENESYS ADMINISTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$217,534

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

$173,937

EIDE BAILLY LLP4 years

Service code 10 · EIN 45-0250958

Accounting

$72,615

KRAW LAW GROUP8+ years

Service code 29 · EIN 77-0171216

Legal

$52,731

SMART SOURCE LLC1 year

Service code 36

7270 MCGINNIS FERRY ROAD · SUWANEE, GA 30024

Copying and duplicating; Direct payme...

$52,115

U. A. LOCAL NO. 393 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U. A. LOCAL NO. 393 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