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 (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$251.6M

-3.3% from 2016

Total participants

1,008

-1.8% from 2016

Average account balance

$255,222

-1.5% from 2016

Annual return

17.20%

-6.82 pp from 2016

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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 7 by compensation

Provider	Service type	Compensation
REDWOOD EMPIRE ELECTRICAL WORKERS6 years Service code 99 · EIN 94-6186900	Other Fees	$266,326
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$77,453
THE SEGAL COMPANY3 years Filed as: SEGAL ADVISORS Service code 17 · EIN 13-2646110	Pension Consulting	$48,625
COMPLIANCE AUDIT SERVICES6 years Service code 10 · EIN 94-3134229	Accounting	$22,587
RAEL & LETSON6 years Service code 16 · EIN 94-1701048	Consulting	$19,500
MILLER KAPLAN ARASE LLP4 years Service code 10 · EIN 95-2036255	Accounting	$19,400
NEYHART, ANDERSON, FLYNN & GROSBOLL3 years Filed as: NEYHART ANDERSON Service code 29 · EIN 94-2576729	Legal	$14,705

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$307K

$352 / participant

Recordkeeping$20K6.5%
Investment mgmt$49K16.0%
Legal$17K5.5%
Actuarial$20K6.3%
Salaries / allowances$49K15.8%
Other trustee fees$14K4.6%
Contract admin$77K25.2%
Other / not subdivided$62K20.1%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

7 / 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: $19,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$255,222

$93,010+174.4%

$96,543+164.4%

$74,478+242.7%

Participation rate

97.5%

71.6%+25.9pp

74.3%+23.1pp

70.7%+26.7pp

Annual return

17.20%

37.50%-20.3pp

35.75%-18.5pp

34.37%-17.2pp

Employer contribution / active EE

$10,985

$3,427+220.5%

$3,741+193.7%

$2,637+316.6%

Participant deferral / active EE

$3,971-100.0%

$4,880-100.0%

$4,530-100.0%

Admin fee / account holder

$312

$633-50.8%

$6,737-95.4%

$347-10.2%

Provider

Service type

Compensation

REDWOOD EMPIRE ELECTRICAL WORKERS6 years

Service code 99 · EIN 94-6186900

Other Fees

$266,326

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$77,453

THE SEGAL COMPANY3 years

Filed as: SEGAL ADVISORS

Service code 17 · EIN 13-2646110

Pension Consulting

$48,625

COMPLIANCE AUDIT SERVICES6 years

Service code 10 · EIN 94-3134229

Accounting

$22,587

RAEL & LETSON6 years

Service code 16 · EIN 94-1701048

Consulting

$19,500

MILLER KAPLAN ARASE LLP4 years

Service code 10 · EIN 95-2036255

Accounting

$19,400

NEYHART, ANDERSON, FLYNN & GROSBOLL3 years

Filed as: NEYHART ANDERSON

Service code 29 · EIN 94-2576729

Legal

$14,705

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