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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$149.9M assets

Prospect flagsHigh feesLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$61.4M

+15.3% from 2022

Total participants

1,505

-3.5% from 2022

Average account balance

$40,781

+19.4% from 2022

Annual return

16.18%

+33.13 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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
NORTHWEST PLAN SERVICES, INC.2 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$187,607
UA LOCAL 3432 years Filed as: U.A. LOCAL 343 JOINT SERVICES Service code 13 · EIN 94-0925634	Contract Administrator	$139,212
KRAW LAW GROUP8 years Service code 29 · EIN 32-0465891	Legal	$37,763
WITHUMSMITH+BROWN, PC2 years Service code 10 · EIN 22-2027902	Accounting	$35,524
VERUS3 years Filed as: VERUS ADVISORY, LLC Service code 17 · EIN 91-1320111	Pension Consulting	$26,875
MATRIX TRUST COMPANY3 years Service code 24 · EIN 75-3182674	Discretionary Trustee	$16,704

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$478K

$321 / participant

Recordkeeping$12K2.6%
Investment mgmt$20K4.1%
Legal$37K7.8%
Contract admin$139K29.1%
Other / not subdivided$269K56.3%

% of EOY assets

0.779%

all-in expense ratio

Categories reported

4 / 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: $25,008
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,781

$88,479-53.9%

$96,538-57.8%

$80,169-49.1%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

16.18%

22.53%-6.4pp

35.74%-19.6pp

40.39%-24.2pp

Employer contribution / active EE

$1,392

$4,177-66.7%

$3,740-62.8%

$2,978-53.2%

Participant deferral / active EE

$604

$3,961-84.8%

$4,880-87.6%

$5,016-88.0%

Admin fee / account holder

$318

$211+50.2%

$6,737-95.3%

$145+119.0%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.2 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$187,607

UA LOCAL 3432 years

Filed as: U.A. LOCAL 343 JOINT SERVICES

Service code 13 · EIN 94-0925634

Contract Administrator

$139,212

KRAW LAW GROUP8 years

Service code 29 · EIN 32-0465891

Legal

$37,763

WITHUMSMITH+BROWN, PC2 years

Service code 10 · EIN 22-2027902

Accounting

$35,524

VERUS3 years

Filed as: VERUS ADVISORY, LLC

Service code 17 · EIN 91-1320111

Pension Consulting

$26,875

MATRIX TRUST COMPANY3 years

Service code 24 · EIN 75-3182674

Discretionary Trustee

$16,704

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