Retirement plan

U. A. LOCAL NOS. 343 & 355 DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES OF U.A. LOCAL 343 PENSION TRUST FUND - U. A. LOCAL NOS. 343 & 355 DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF U.A. LOCAL 343 PENSION TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U. A. LOCAL NOS. 343 & 355 DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES OF U.A. LOCAL 343 PENSION TRUST FUND

BOARD OF TRUSTEES OF U.A. LOCAL 343 PENSION TRUST FUNDEIN 94-6092775Plan #002PY 2024

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

Other plans on this EIN

1 filing

#001Retirement-$159.7M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$68.6M

+11.8% from 2023

Total participants

1,446

-3.9% from 2023

Average account balance

$47,432

+16.3% from 2023

Annual return

13.44%

-2.73 pp from 2023

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

$68.59M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

1,446

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

$2.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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 7 by compensation

Provider	Service type	Compensation
UA LOCAL 3433 years Filed as: U.A. LOCAL 343 JOINT SERVICES Service code 13 · EIN 94-6092775	Contract Administrator	$139,212
NORTHWEST PLAN SERVICES, INC.3 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$84,198
KRAW LAW GROUP1 year Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 32-0465891	Legal	$66,548
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027902	Accounting	$46,794
VERUS1 year Filed as: VERUS ADVISORY, INC Service code 17 · EIN 91-1320111	Pension Consulting	$27,500
MATRIX TRUST COMPANY4 years Service code 24 · EIN 75-3182674	Discretionary Trustee	$18,865
US BANK1 year Service code 19 · EIN 31-0841368	Securities Custodian	$6,122

Plan features & details

Pension benefit codes2C2E2F2G2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$416K

$291 / participant

Recordkeeping$19K4.6%
Trustee / custodial$26K6.2%
Investment mgmt$25K6.1%
Legal$67K16.1%
Other trustee fees$1260.0%
Contract admin$142K34.1%
Other / not subdivided$137K32.9%

% of EOY assets

0.607%

all-in expense ratio

Categories reported

6 / 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: $29,628
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,432

$241,850-80.4%

$102,437-53.7%

$200,096-76.3%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

13.44%

17.67%-4.2pp

24.95%-11.5pp

34.26%-20.8pp

Employer contribution / active EE

$1,251

$4,253-70.6%

$3,871-67.7%

$3,038-58.8%

Participant deferral / active EE

$718

$3,961-81.9%

$5,060-85.8%

$5,090-85.9%

Admin fee / account holder

$288

$288-0.1%

$8,388-96.6%

$269+6.9%

Provider

Service type

Compensation

UA LOCAL 3433 years

Filed as: U.A. LOCAL 343 JOINT SERVICES

Service code 13 · EIN 94-6092775

Contract Administrator

$139,212

NORTHWEST PLAN SERVICES, INC.3 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$84,198

KRAW LAW GROUP1 year

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 32-0465891

Legal

$66,548

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027902

Accounting

$46,794

VERUS1 year

Filed as: VERUS ADVISORY, INC

Service code 17 · EIN 91-1320111

Pension Consulting

$27,500

MATRIX TRUST COMPANY4 years

Service code 24 · EIN 75-3182674

Discretionary Trustee

$18,865

US BANK1 year

Service code 19 · EIN 31-0841368

Securities Custodian

$6,122

U. A. LOCAL NOS. 343 & 355 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U. A. LOCAL NOS. 343 & 355 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