Retirement plan

REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLOCATED PENSION PLAN

Name: BOARD OF TRUSTEES, REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALL - REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLOCATED PENSION PLAN (2018) Form 5500
Creator: BOARD OF TRUSTEES, REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLOCATED PENSION PLAN, BOARD OF TRUSTEES, REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALL

BOARD OF TRUSTEES, REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLEIN 94-6186900Plan #001PY 2018

2525 CLEVELAND AVENUE, SUITE C - SANTA ROSA, CA 95403707-526-1996

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$165.9M

-3.3% from 2016

Total participants

905

-1.8% from 2016

Average account balance

$187,202

-1.5% from 2016

Annual return

-4.32%

-6.82 pp from 2016

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$283.43M

Not enough data

1 years with asset history on file

Average account balance

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

$290K

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.

977

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 10 by compensation

Provider	Service type	Compensation
REDWOOD EMPIRE ELECTRICAL WORKERS1 year Service code 99 · EIN 94-6186900	Other Fees	$155,106
THE VANGUARD GROUP, INC.4+ years Service code 15 · EIN 23-1945930	Recordkeeping	$132,672
ALICE ANDRZEJEWSKI2 years Filed as: ALICE MARSHALL Service code 30 · EIN 23-7071451	Employee (plan)	$26,835
SARAH PADGETT2 years Filed as: SARAH MILLER Service code 30 · EIN 23-7071451	Employee (plan)	$22,481
EIDE BAILLY LLP1 year Filed as: VAVRINEK, TRINE, DAY & CO., LLP Service code 10 · EIN 95-2648289	Accounting	$21,351
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$20,833
RAEL & LETSON1 year Service code 17 · EIN 94-1701048	Pension Consulting	$19,500
TRUCKER HUSS1 year Filed as: TRUCKER HUSS, APC Service code 29 · EIN 94-3216063	Legal	$15,596
SALTZMAN & JOHNSON1 year Filed as: SALTZMAN & JOHNSON LAW CORP Service code 29 · EIN 94-2376174	Legal	$11,607
COMPLIANCE AUDIT SERVICES1 year Service code 10 · EIN 94-3134229	Accounting	$7,197

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$320K

$395 / participant

Investment mgmt$153K47.9%
Contract admin$45K14.2%
Other / not subdivided$121K37.9%

% of EOY assets

0.193%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,202

$56,443+231.7%

$83,831+123.3%

$55,727+235.9%

Participation rate

97.7%

72.0%+25.6pp

76.1%+21.5pp

70.9%+26.8pp

Annual return

-4.32%

393.67%-398.0pp

850.99%-855.3pp

244.94%-249.3pp

Employer contribution / active EE

$9,198

$2,682+243.0%

$3,631+153.3%

$2,078+342.6%

Participant deferral / active EE

$2,965-100.0%

$4,082-100.0%

$3,356-100.0%

Admin fee / account holder

$361

$156+131.2%

$5,479-93.4%

$115+213.6%

Provider

Service type

Compensation

REDWOOD EMPIRE ELECTRICAL WORKERS1 year

Service code 99 · EIN 94-6186900

Other Fees

$155,106

THE VANGUARD GROUP, INC.4+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$132,672

ALICE ANDRZEJEWSKI2 years

Filed as: ALICE MARSHALL

Service code 30 · EIN 23-7071451

Employee (plan)

$26,835

SARAH PADGETT2 years

Filed as: SARAH MILLER

Service code 30 · EIN 23-7071451

Employee (plan)

$22,481

EIDE BAILLY LLP1 year

Filed as: VAVRINEK, TRINE, DAY & CO., LLP

Service code 10 · EIN 95-2648289

Accounting

$21,351

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$20,833

RAEL & LETSON1 year

Service code 17 · EIN 94-1701048

Pension Consulting

$19,500

TRUCKER HUSS1 year

Filed as: TRUCKER HUSS, APC

Service code 29 · EIN 94-3216063

Legal

$15,596

SALTZMAN & JOHNSON1 year

Filed as: SALTZMAN & JOHNSON LAW CORP

Service code 29 · EIN 94-2376174

Legal

$11,607

COMPLIANCE AUDIT SERVICES1 year

Service code 10 · EIN 94-3134229

Accounting

$7,197

REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLOCATED PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REDWOOD EMPIRE ELECTRICAL WORKERS INDIVIDUALLY ALLOCATED PENSION 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