Retirement plan

SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN

Name: SOUTHERN CALIFORNIA PIPE TRADES DEFINED - SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: SOUTHERN CALIFORNIA PIPE TRADES DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN, SOUTHERN CALIFORNIA PIPE TRADES DEFINED

SOUTHERN CALIFORNIA PIPE TRADES DEFINEDdba CONTRIBUTION PLANEIN 95-4388338Plan #001PY 2024

501 SHATTO PLACE, SUITE 500 - LOS ANGELES, CA 900201713213-385-6161

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$404.5M

-10.5% from 2016

Total participants

14,179

-9.2% from 2016

Average account balance

$28,528

-2.5% from 2016

Annual return

16.97%

-6.83 pp from 2016

Benchmarks

See 57 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort57 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$404.50M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

14,179

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

$32.08M

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

+16.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 of 11 by compensation

Provider	Service type	Compensation
S.C. PIPE TRADES ADMIN. CORP.7 years Filed as: SO CA PIPE TRADES ADMIN CORP Service code 29 · EIN 95-4557526	Legal	$811,052
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 19 · EIN 31-0841368	Securities Custodian	$620,392
EIDE BAILLY LLP6 years Service code 17 · EIN 45-0250958	Pension Consulting	$125,511
THE SEGAL COMPANY3 years Filed as: SEGAL CONSULTING Service code 16 · EIN 06-1271230	Consulting	$112,546
O'DONOGHUE & O'DONOGHUE10+ years Service code 20 · EIN 53-0120528	Trustee (individual); Direct payment ...	$50,578
BUSH GOTTLIEB, A LAW CORPORATION3 years Filed as: BUSH GOTTLIEB Service code 10 · EIN 95-2956616	Accounting	$25,809
MILLER KAPLAN ARASE LLP7 years Filed as: MILLER KAPLAN ARASE & CO Service code 14 · EIN 95-2036255	Plan Administrator	$16,601
KAREN MEIFERT10+ years Filed as: KAREN PEET Service code 10 1731 ASPEN VILLAGE WAY · WEST COVINA, CA 91791	Accounting	$15,398
KAREN MEIFERT1 year Filed as: KAREN HERN Service code 49 1836 MELWOOD DR · GLENDALE, CA 91207	Other Services	$11,610
NEW ENGLAND PENSION CONSULTANTS10+ years Service code 29 · EIN 04-2927339	Legal	$9,985

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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

$1.9M

$148 / participant

Recordkeeping$118K6.1%
Trustee / custodial$620K32.2%
Investment mgmt$10K0.5%
Legal$83K4.3%
Contract admin$811K42.0%
Other / not subdivided$287K14.9%

% of EOY assets

0.477%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: $24,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,528

$63,356-55.0%

$102,437-72.2%

$106,553-73.2%

Participation rate

100.0%

84.3%+15.7pp

74.5%+25.5pp

69.8%+30.2pp

Annual return

16.97%

14.77%+2.2pp

24.95%-8.0pp

17.37%-0.4pp

Employer contribution / active EE

$420

$4,310-90.3%

$3,871-89.1%

$3,359-87.5%

Participant deferral / active EE

$2,042

$3,479-41.3%

$5,060-59.6%

$5,562-63.3%

Admin fee / account holder

$136

$110+23.5%

$8,388-98.4%

$80+70.9%

Provider

Service type

Compensation

S.C. PIPE TRADES ADMIN. CORP.7 years

Filed as: SO CA PIPE TRADES ADMIN CORP

Service code 29 · EIN 95-4557526

Legal

$811,052

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 19 · EIN 31-0841368

Securities Custodian

$620,392

EIDE BAILLY LLP6 years

Service code 17 · EIN 45-0250958

Pension Consulting

$125,511

THE SEGAL COMPANY3 years

Filed as: SEGAL CONSULTING

Service code 16 · EIN 06-1271230

Consulting

$112,546

O'DONOGHUE & O'DONOGHUE10+ years

Service code 20 · EIN 53-0120528

Trustee (individual); Direct payment ...

$50,578

BUSH GOTTLIEB, A LAW CORPORATION3 years

Filed as: BUSH GOTTLIEB

Service code 10 · EIN 95-2956616

Accounting

$25,809

MILLER KAPLAN ARASE LLP7 years

Filed as: MILLER KAPLAN ARASE & CO

Service code 14 · EIN 95-2036255

Plan Administrator

$16,601

KAREN MEIFERT10+ years

Filed as: KAREN PEET

Service code 10

1731 ASPEN VILLAGE WAY · WEST COVINA, CA 91791

Accounting

$15,398

KAREN MEIFERT1 year

Filed as: KAREN HERN

Service code 49

1836 MELWOOD DR · GLENDALE, CA 91207

Other Services

$11,610

NEW ENGLAND PENSION CONSULTANTS10+ years

Service code 29 · EIN 04-2927339

Legal

$9,985

SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN CALIFORNIA PIPE TRADES 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