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 (2024) 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 2024

6293 SAN IGNACIO AVENUE - SAN JOSE, CA 95119408-588-3770

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$772M

-5.0% from 2016

Total participants

3,349

-3.1% from 2016

Average account balance

$230,529

No prior year

Annual return

11.48%

-3.58 pp from 2016

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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 13 by compensation

Provider	Service type	Compensation
NUVEEN10+ years Filed as: NWQ INVESTMENTS Service code 28 · EIN 47-0875103	Investment Management	$980,462
POLEN CAPITAL3 years Filed as: POLEN CAPITAL MANAGEMENT LLC Service code 28 · EIN 26-0319356	Investment Management	$592,634
COLUMBIA1 year Filed as: COLUMBIA MGMT INVESTMENT ADVISERS Service code 28 · EIN 41-1533211	Investment Management	$439,962
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 28 · EIN 45-0250958	Investment Management	$326,338
NORTHWEST PLAN SERVICES, INC.3 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$264,219
BENESYS, INC.10+ years Filed as: BENESYS ADMINISTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$207,386
KRAW LAW GROUP1 year Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 77-0171216	Legal	$74,532
WITHUMSMITH+BROWN, PC2 years Service code 10 · EIN 22-2027092	Accounting	$74,355
MATRIX TRUST COMPANY2 years Filed as: BROADRIDGE MATRIX TRUST CO Service code 19 · EIN 75-3182674	Securities Custodian	$63,522
SUZANNE NEEDHAM4 years Service code 30 1731 TECHNOLOGY DRIVE, SUITE 570 · SAN JOSE, CA 95110	Direct payment from the plan; Employe...	$52,474

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

$3.2M

$1511 / participant

Recordkeeping$21K0.7%
Investment mgmt$2M76.1%
Legal$87K2.7%
Other trustee fees$53K1.7%
Contract admin$209K6.6%
Other / not subdivided$388K12.3%

% of EOY assets

0.410%

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: $57,099
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$230,529

$241,850-4.7%

$102,437+125.0%

$200,096+15.2%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

11.48%

17.67%-6.2pp

24.95%-13.5pp

34.26%-22.8pp

Employer contribution / active EE

$13,772

$4,253+223.8%

$3,871+255.8%

$3,038+353.4%

Participant deferral / active EE

$6,049

$3,961+52.7%

$5,060+19.5%

$5,090+18.8%

Admin fee / account holder

$945

$288+228.1%

$8,388-88.7%

$269+251.0%

Provider

Service type

Compensation

NUVEEN10+ years

Filed as: NWQ INVESTMENTS

Service code 28 · EIN 47-0875103

Investment Management

$980,462

POLEN CAPITAL3 years

Filed as: POLEN CAPITAL MANAGEMENT LLC

Service code 28 · EIN 26-0319356

Investment Management

$592,634

COLUMBIA1 year

Filed as: COLUMBIA MGMT INVESTMENT ADVISERS

Service code 28 · EIN 41-1533211

Investment Management

$439,962

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 28 · EIN 45-0250958

Investment Management

$326,338

NORTHWEST PLAN SERVICES, INC.3 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$264,219

BENESYS, INC.10+ years

Filed as: BENESYS ADMINISTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$207,386

KRAW LAW GROUP1 year

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 77-0171216

Legal

$74,532

WITHUMSMITH+BROWN, PC2 years

Service code 10 · EIN 22-2027092

Accounting

$74,355

MATRIX TRUST COMPANY2 years

Filed as: BROADRIDGE MATRIX TRUST CO

Service code 19 · EIN 75-3182674

Securities Custodian

$63,522

SUZANNE NEEDHAM4 years

Service code 30

1731 TECHNOLOGY DRIVE, SUITE 570 · SAN JOSE, CA 95110

Direct payment from the plan; Employe...

$52,474

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