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 (2016) 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 2016

401 NEBRASKA STREET - VALLEJO, CA 945903830707-648-7066

Other plans on this EIN

1 filing

#001Retirement-$96.2M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.9M

+9.6% from 2015

Total participants

1,571

+4.4% from 2015

Average account balance

$26,018

+4.9% from 2015

Annual return

6.50%

+7.78 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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 6 by compensation

Provider	Service type	Compensation
KAUFMANN & GOBLE2+ years Filed as: KAUFMANN & GOBLE ASSOCIATES Service code 15 · EIN 94-2614826	Recordkeeping	$79,494
UA LOCAL 3432+ years Service code 13 · EIN 94-0925634	Contract Administrator	$50,988
LINDQUIST LLP2+ years Service code 10 · EIN 52-2385296	Accounting	$47,130
KRAW LAW GROUP1 year Service code 29 · EIN 32-0465891	Legal	$32,384
VERUS2+ years Service code 17 · EIN 91-1320111	Pension Consulting	$15,625
MATRIX TRUST COMPANY2+ years Filed as: BROADRIDGE Service code 24 · EIN 75-3182674	Discretionary Trustee	$11,502

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

$319K

$204 / participant

Investment mgmt$13K4.1%
Contract admin$51K15.9%
Other / not subdivided$255K80.0%

% of EOY assets

0.780%

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: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,018

$54,392-52.2%

$84,753-69.3%

$63,975-59.3%

Participation rate

100.0%

76.9%+23.1pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

6.50%

611.38%-604.9pp

22.78%-16.3pp

48.65%-42.1pp

Employer contribution / active EE

$1,148

$2,943-61.0%

$3,574-67.9%

$2,182-47.4%

Participant deferral / active EE

$419

$2,593-83.8%

$3,712-88.7%

$3,356-87.5%

Admin fee / account holder

$203

$136+49.5%

$5,333-96.2%

$70+188.2%

Provider

Service type

Compensation

KAUFMANN & GOBLE2+ years

Filed as: KAUFMANN & GOBLE ASSOCIATES

Service code 15 · EIN 94-2614826

Recordkeeping

$79,494

UA LOCAL 3432+ years

Service code 13 · EIN 94-0925634

Contract Administrator

$50,988

LINDQUIST LLP2+ years

Service code 10 · EIN 52-2385296

Accounting

$47,130

KRAW LAW GROUP1 year

Service code 29 · EIN 32-0465891

Legal

$32,384

VERUS2+ years

Service code 17 · EIN 91-1320111

Pension Consulting

$15,625

MATRIX TRUST COMPANY2+ years

Filed as: BROADRIDGE

Service code 24 · EIN 75-3182674

Discretionary Trustee

$11,502

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