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 (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement-$152.9M assets

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$65.2M

+9.9% from 2020

Total participants

1,566

-2.2% from 2020

Average account balance

$41,621

+12.4% from 2020

Annual return

11.79%

-0.70 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
KAUFMANN & GOBLE7+ years Filed as: KAUFMANN & GOBLE ASSOCIATES Service code 15 · EIN 94-2614826	Recordkeeping	$144,061
UA LOCAL 3431 year Filed as: U.A. LOCAL 343 Service code 13 · EIN 94-0925634	Contract Administrator	$77,256
KRAW LAW GROUP6 years Service code 29 · EIN 32-0465891	Legal	$36,656
LINDQUIST LLP7+ years Service code 10 · EIN 52-2385296	Accounting	$25,952
VERUS1 year Filed as: VERUS ADVISORY, LLC Service code 17 · EIN 91-1320111	Pension Consulting	$25,000
MATRIX TRUST COMPANY1 year Service code 24 · EIN 75-3182674	Discretionary Trustee	$18,314
VACA 343 MT LLC2 years Service code 49 · EIN 85-1445430	Other Services	$9,400

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$354K

$227 / participant

Investment mgmt$20K5.6%
Contract admin$77K21.8%
Other / not subdivided$257K72.6%

% of EOY assets

0.543%

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

$41,621

$88,770-53.1%

$109,188-61.9%

$93,010-55.3%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

11.79%

60.64%-48.8pp

25.76%-14.0pp

158.70%-146.9pp

Employer contribution / active EE

$1,057

$3,780-72.0%

$3,723-71.6%

$2,705-60.9%

Participant deferral / active EE

$633

$3,630-82.5%

$4,654-86.4%

$4,561-86.1%

Admin fee / account holder

$226

$172+31.1%

$6,755-96.7%

$152+48.9%

Provider

Service type

Compensation

KAUFMANN & GOBLE7+ years

Filed as: KAUFMANN & GOBLE ASSOCIATES

Service code 15 · EIN 94-2614826

Recordkeeping

$144,061

UA LOCAL 3431 year

Filed as: U.A. LOCAL 343

Service code 13 · EIN 94-0925634

Contract Administrator

$77,256

KRAW LAW GROUP6 years

Service code 29 · EIN 32-0465891

Legal

$36,656

LINDQUIST LLP7+ years

Service code 10 · EIN 52-2385296

Accounting

$25,952

VERUS1 year

Filed as: VERUS ADVISORY, LLC

Service code 17 · EIN 91-1320111

Pension Consulting

$25,000

MATRIX TRUST COMPANY1 year

Service code 24 · EIN 75-3182674

Discretionary Trustee

$18,314

VACA 343 MT LLC2 years

Service code 49 · EIN 85-1445430

Other Services

$9,400

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