Retirement plan

SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN

Name: SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN - SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN (2019) Form 5500
Creator: SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN
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 CONTRIBUTION PLAN

SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLANEIN 95-4388338Plan #001PY 2019

501 SHATTO PLACE, 5TH PLACE - LOS ANGELES, CA 900201713213-385-6161

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$229.4M

-10.5% from 2016

Total participants

11,913

-9.2% from 2016

Average account balance

$19,253

-2.5% from 2016

Annual return

21.20%

-6.83 pp from 2016

Benchmarks

See 49 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort49 peers

Snapshot2019

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 9 by compensation

Provider	Service type	Compensation
S.C. PIPE TRADES ADMIN. CORP.2 years Filed as: SO CA PIPE TRADES ADMIN CORP Service code 14 · EIN 95-4557526	Plan Administrator	$581,344
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 64 · EIN 01-0233346	Recordkeeping Fees	$548,579
KRAW LAW GROUP5+ years Filed as: KRAW & KRAW Service code 29 · EIN 77-0171216	Legal	$26,062
BERNARD ROBINSON & COMPANY, LLP1 year Filed as: BERNARD KOTKIN & CO., LL Service code 10 · EIN 95-2556670	Accounting	$13,770
O'DONOGHUE & O'DONOGHUE5+ years Service code 29 · EIN 53-0120518	Legal	$13,294
NEW ENGLAND PENSION CONSULTANTS5+ years Service code 27 · EIN 04-2927339	Advisory (Plan)	$8,200
EIDE BAILLY LLP1 year Service code 10 · EIN 45-0250958	Accounting	$7,863
MILLER KAPLAN ARASE LLP2 years Filed as: MILLER KAPLAN ARASE & CO Service code 10 · EIN 95-2036255	Accounting	$5,389
KAREN MEIFERT5+ years Filed as: KAREN PEET Service code 16 1731 ASPEN VILLAGE WAY · WEST COVINA, CA 91791	Consulting	$5,070

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

2 tripped

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

$1.2M

$113 / participant

Investment mgmt$557K45.1%
Contract admin$581K47.1%
Other / not subdivided$97K7.8%

% of EOY assets

0.538%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,253

$49,105-60.8%

$92,916-79.3%

$89,609-78.5%

Participation rate

100.0%

79.0%+21.0pp

76.0%+24.0pp

69.6%+30.4pp

Annual return

21.20%

32.35%-11.1pp

109.45%-88.2pp

33.65%-12.5pp

Employer contribution / active EE

$346

$3,373-89.8%

$3,654-90.5%

$2,584-86.6%

Participant deferral / active EE

$2,019

$2,531-20.2%

$4,238-52.4%

$4,222-52.2%

Admin fee / account holder

$104

$93+12.0%

$5,796-98.2%

$72+44.7%

Provider

Service type

Compensation

S.C. PIPE TRADES ADMIN. CORP.2 years

Filed as: SO CA PIPE TRADES ADMIN CORP

Service code 14 · EIN 95-4557526

Plan Administrator

$581,344

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 64 · EIN 01-0233346

Recordkeeping Fees

$548,579

KRAW LAW GROUP5+ years

Filed as: KRAW & KRAW

Service code 29 · EIN 77-0171216

Legal

$26,062

BERNARD ROBINSON & COMPANY, LLP1 year

Filed as: BERNARD KOTKIN & CO., LL

Service code 10 · EIN 95-2556670

Accounting

$13,770

O'DONOGHUE & O'DONOGHUE5+ years

Service code 29 · EIN 53-0120518

Legal

$13,294

NEW ENGLAND PENSION CONSULTANTS5+ years

Service code 27 · EIN 04-2927339

Advisory (Plan)

$8,200

EIDE BAILLY LLP1 year

Service code 10 · EIN 45-0250958

Accounting

$7,863

MILLER KAPLAN ARASE LLP2 years

Filed as: MILLER KAPLAN ARASE & CO

Service code 10 · EIN 95-2036255

Accounting

$5,389

KAREN MEIFERT5+ years

Filed as: KAREN PEET

Service code 16

1731 ASPEN VILLAGE WAY · WEST COVINA, CA 91791

Consulting

$5,070

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