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 (2017) 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 2017

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

Other plans on this EIN

1 filing

#001Retirement-$110.2M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$46.6M

+14.1% from 2016

Total participants

1,530

-2.6% from 2016

Average account balance

$30,482

+17.2% from 2016

Annual return

12.29%

+5.79 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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 & GOBLE3+ years Filed as: KAUFMANN & GOBLE ASSOCIATES Service code 15 · EIN 94-2614826	Recordkeeping	$109,212
KRAW LAW GROUP2 years Service code 29 · EIN 32-0465891	Legal	$34,336
LINDQUIST LLP3+ years Service code 10 · EIN 52-2385296	Accounting	$31,504
UA LOCAL 3433+ years Service code 13 · EIN 94-0925634	Contract Administrator	$25,752
VERUS3+ years Service code 17 · EIN 91-1320111	Pension Consulting	$14,583
MATRIX TRUST COMPANY3+ years Filed as: BROADRIDGE Service code 24 · EIN 75-3182674	Discretionary Trustee	$13,658

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

$234K

$153 / participant

Investment mgmt$18K7.7%
Contract admin$26K11.0%
Other / not subdivided$190K81.3%

% of EOY assets

0.502%

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

$30,482

$221,442-86.2%

$92,240-67.0%

$77,958-60.9%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

12.29%

15.65%-3.4pp

176.29%-164.0pp

20.87%-8.6pp

Employer contribution / active EE

$1,197

$3,226-62.9%

$3,680-67.5%

$2,310-48.2%

Participant deferral / active EE

$434

$2,779-84.4%

$3,897-88.9%

$3,537-87.7%

Admin fee / account holder

$153

$210-27.1%

$5,194-97.1%

$97+57.1%

Provider

Service type

Compensation

KAUFMANN & GOBLE3+ years

Filed as: KAUFMANN & GOBLE ASSOCIATES

Service code 15 · EIN 94-2614826

Recordkeeping

$109,212

KRAW LAW GROUP2 years

Service code 29 · EIN 32-0465891

Legal

$34,336

LINDQUIST LLP3+ years

Service code 10 · EIN 52-2385296

Accounting

$31,504

UA LOCAL 3433+ years

Service code 13 · EIN 94-0925634

Contract Administrator

$25,752

VERUS3+ years

Service code 17 · EIN 91-1320111

Pension Consulting

$14,583

MATRIX TRUST COMPANY3+ years

Filed as: BROADRIDGE

Service code 24 · EIN 75-3182674

Discretionary Trustee

$13,658

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