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 (2021) 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 2021

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

Other plans on this EIN

1 filing

#002Retirement-$65.2M assets

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$152.9M

+10.1% from 2020

Total participants

585

-0.3% from 2020

Average account balance

No prior year

Annual return

9.13%

-1.52 pp from 2020

Benchmarks

See 107 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants100-249

Cohort107 peers

Snapshot2021

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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 13 by compensation

Provider	Service type	Compensation
VERUS1 year Filed as: VERUS ADVISORY, INC. Service code 17 · EIN 91-1320111	Pension Consulting	$104,967
UA LOCAL 3431 year Filed as: U.A. LOCAL 343 Service code 13 · EIN 94-0925634	Contract Administrator	$76,020
KRAW LAW GROUP5 years Service code 29 · EIN 32-0465891	Legal	$60,070
WHITESTAR ADVISORS, LLC4 years Filed as: WHITESTAR ADVISORS Service code 50 · EIN 03-0496641	Direct Payment	$60,000
LINDQUIST LLP7+ years Service code 10 · EIN 52-2385296	Accounting	$56,845
PRUDENTIAL RETIREMENT INSURANCE AND6 years Filed as: PRUDENTIAL INSURANCE CO Service code 28 · EIN 22-1211670	Investment Management	$39,798
KAUFMANN & GOBLE1 year Service code 11 · EIN 94-2614826	Actuarial	$37,400
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT MANAGEMENT Service code 38 · EIN 06-1440627	Participant Communication	$28,637
THE BANK OF NEW YORK MELLON7+ years Filed as: U.S. BANK Service code 19 · EIN 31-0841368	Securities Custodian	$25,964
HEATHER ROMERI6 years Filed as: HEATHER CLANTON Service code 10 2364 BECKETT DRIVE · EL DORADO, CA 95762	Accounting	$17,603

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

$747K

$3098 / participant

Investment mgmt$280K37.5%
Contract admin$77K10.3%
Other / not subdivided$390K52.2%

% of EOY assets

0.488%

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: 222027902
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,186-100.0%

$201,582-100.0%

$82,186-100.0%

Participation rate

0.0%

0.0%0pp

23.6%-23.6pp

3.6%-3.6pp

Annual return

9.13%

17.53%-8.4pp

11.08%-2.0pp

11.84%-2.7pp

Employer contribution / active EE

$24,085

$12,005+100.6%

$28,418-15.2%

$17,339+38.9%

Participant deferral / active EE

$86-100.0%

$683-100.0%

Admin fee / account holder

$409-100.0%

$6,559-100.0%

$409-100.0%

Provider

Service type

Compensation

VERUS1 year

Filed as: VERUS ADVISORY, INC.

Service code 17 · EIN 91-1320111

Pension Consulting

$104,967

UA LOCAL 3431 year

Filed as: U.A. LOCAL 343

Service code 13 · EIN 94-0925634

Contract Administrator

$76,020

KRAW LAW GROUP5 years

Service code 29 · EIN 32-0465891

Legal

$60,070

WHITESTAR ADVISORS, LLC4 years

Filed as: WHITESTAR ADVISORS

Service code 50 · EIN 03-0496641

Direct Payment

$60,000

LINDQUIST LLP7+ years

Service code 10 · EIN 52-2385296

Accounting

$56,845

PRUDENTIAL RETIREMENT INSURANCE AND6 years

Filed as: PRUDENTIAL INSURANCE CO

Service code 28 · EIN 22-1211670

Investment Management

$39,798

KAUFMANN & GOBLE1 year

Service code 11 · EIN 94-2614826

Actuarial

$37,400

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT MANAGEMENT

Service code 38 · EIN 06-1440627

Participant Communication

$28,637

THE BANK OF NEW YORK MELLON7+ years

Filed as: U.S. BANK

Service code 19 · EIN 31-0841368

Securities Custodian

$25,964

HEATHER ROMERI6 years

Filed as: HEATHER CLANTON

Service code 10

2364 BECKETT DRIVE · EL DORADO, CA 95762

Accounting

$17,603

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