Retirement plan

U. A. LOCAL NO. 343 DEFINED BENEFIT PLAN

Name: U.A. LOCAL NO. 343 PENSION TRUST - U. A. LOCAL NO. 343 DEFINED BENEFIT PLAN (2024) Form 5500
Creator: U.A. LOCAL NO. 343 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U. A. LOCAL NO. 343 DEFINED BENEFIT PLAN, U.A. LOCAL NO. 343 PENSION TRUST

U.A. LOCAL NO. 343 PENSION TRUSTEIN 94-6092775Plan #001PY 2024

220 PEABODY ROAD - VACAVILLE, CA 956874733707-648-7066

Other plans on this EIN

1 filing

#002Retirement-$68.6M assets

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$159.7M

+6.5% from 2023

Total participants

583

+1.0% from 2023

Average account balance

No prior year

Annual return

7.17%

-3.41 pp from 2023

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

$159.71M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

333

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

$4.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+7.17%

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 10 of 14 by compensation

Provider	Service type	Compensation
UA LOCAL 3432 years Filed as: U.A. LOCAL 343 JOINT SERVICES Service code 13 · EIN 94-6092775	Contract Administrator	$131,532
VERUS4 years Filed as: VERUS ADVISORY, INC. Service code 17 · EIN 91-1320111	Pension Consulting	$113,958
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027092	Accounting	$105,654
KRAW LAW GROUP1 year Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 32-0465891	Legal	$63,160
WHITESTAR ADVISORS, LLC7 years Filed as: WHITESTAR ADVISORS Service code 28 · EIN 03-0496641	Investment Management	$60,000
NORTHWEST PLAN SERVICES, INC.3 years Filed as: NORTHWEST PLAN SERVICES Service code 11 · EIN 91-2090931	Actuarial	$46,800
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE CO. OF AMERICA Service code 28 · EIN 22-1211670	Investment Management	$35,385
WASHINGTON CAPITAL MANAGEMENT, INC.2 years Filed as: WASHINGTON CAPITAL MANAGEMENT, INC Service code 28 · EIN 91-1042342	Investment Management	$33,118
THE BANK OF NEW YORK MELLON10+ years Filed as: U.S. BANK Service code 19 · EIN 31-0841368	Securities Custodian	$27,884
TAKEHARA LANDSCAPE, INC.2 years Service code 49 8801 FOLSON BLVD., SUITE 177 · SACRAMENTO, CA 95826	Other Services	$23,491

Enrolled actuary

1 attachment

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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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$995K

$3979 / participant

Recordkeeping$71K7.1%
Trustee / custodial$29K2.9%
Investment mgmt$259K26.0%
Legal$63K6.3%
Actuarial$47K4.7%
Valuation$60K6.0%
Other trustee fees$1K0.1%
Contract admin$132K13.2%
Other / not subdivided$334K33.6%

% of EOY assets

0.623%

all-in expense ratio

Categories reported

8 / 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: $66,653
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

7.17%

11.08%-3.9pp

8.10%-0.9pp

8.76%-1.6pp

Employer contribution / active EE

$16,897

$13,910+21.5%

$28,649-41.0%

$16,664+1.4%

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

UA LOCAL 3432 years

Filed as: U.A. LOCAL 343 JOINT SERVICES

Service code 13 · EIN 94-6092775

Contract Administrator

$131,532

VERUS4 years

Filed as: VERUS ADVISORY, INC.

Service code 17 · EIN 91-1320111

Pension Consulting

$113,958

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027092

Accounting

$105,654

KRAW LAW GROUP1 year

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 32-0465891

Legal

$63,160

WHITESTAR ADVISORS, LLC7 years

Filed as: WHITESTAR ADVISORS

Service code 28 · EIN 03-0496641

Investment Management

$60,000

NORTHWEST PLAN SERVICES, INC.3 years

Filed as: NORTHWEST PLAN SERVICES

Service code 11 · EIN 91-2090931

Actuarial

$46,800

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE CO. OF AMERICA

Service code 28 · EIN 22-1211670

Investment Management

$35,385

WASHINGTON CAPITAL MANAGEMENT, INC.2 years

Filed as: WASHINGTON CAPITAL MANAGEMENT, INC

Service code 28 · EIN 91-1042342

Investment Management

$33,118

THE BANK OF NEW YORK MELLON10+ years

Filed as: U.S. BANK

Service code 19 · EIN 31-0841368

Securities Custodian

$27,884

TAKEHARA LANDSCAPE, INC.2 years

Service code 49

8801 FOLSON BLVD., SUITE 177 · SACRAMENTO, CA 95826

Other Services

$23,491

U. A. LOCAL NO. 343 DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U. A. LOCAL NO. 343 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