Retirement plan

SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN

Name: SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN - SOUTHERN CALIFORNIA PIPE TRADES DEFINED CONTRIBUTION PLAN (2023) 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 2023

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

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$339.9M

-10.5% from 2016

Total participants

12,256

-9.2% from 2016

Average account balance

$27,732

-2.5% from 2016

Annual return

18.64%

-6.83 pp from 2016

Benchmarks

See 59 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort59 peers

Snapshot2023

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
S.C. PIPE TRADES ADMIN. CORP.6 years Filed as: SO CA PIPE TRADES ADMIN CORP Service code 14 · EIN 95-4557526	Plan Administrator	$734,608
JOHN HANCOCK LIFE INSURANCE COMPANY9+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 20 · EIN 31-0841368	Direct payment from the plan; Trustee...	$594,618
EIDE BAILLY LLP5 years Service code 10 · EIN 45-0250958	Accounting	$85,676
THE SEGAL COMPANY2 years Filed as: SEGAL CONSULTING Service code 17 · EIN 06-1271230	Pension Consulting	$43,502
BUSH GOTTLIEB, A LAW CORPORATION2 years Filed as: BUSH GOTTLIEB Service code 29 · EIN 95-2956616	Legal	$35,273
MILLER KAPLAN ARASE LLP6 years Filed as: MILLER KAPLAN ARASE & CO Service code 10 · EIN 95-2036255	Accounting	$34,893
KRAW LAW GROUP2 years Service code 29 · EIN 77-0171216	Legal	$14,791
O'DONOGHUE & O'DONOGHUE9+ years Service code 29 · EIN 53-0120528	Legal	$11,621
NEW ENGLAND PENSION CONSULTANTS9+ years Service code 20 · EIN 04-2927339	Trustee (individual); Direct payment ...	$9,685

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

$1.7M

$152 / participant

Trustee / custodial$595K35.4%
Investment mgmt$10K0.6%
Legal$62K3.7%
Contract admin$735K43.7%
Other / not subdivided$280K16.7%

% of EOY assets

0.494%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: $22,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,732

$55,730-50.2%

$96,543-71.3%

$96,393-71.2%

Participation rate

100.0%

82.8%+17.2pp

74.3%+25.7pp

71.3%+28.7pp

Annual return

18.64%

12.78%+5.9pp

35.75%-17.1pp

22.88%-4.2pp

Employer contribution / active EE

$547

$4,014-86.4%

$3,741-85.4%

$3,239-83.1%

Participant deferral / active EE

$2,313

$3,393-31.8%

$4,880-52.6%

$5,455-57.6%

Admin fee / account holder

$137

$105+30.0%

$6,737-98.0%

$74+85.6%

Provider

Service type

Compensation

S.C. PIPE TRADES ADMIN. CORP.6 years

Filed as: SO CA PIPE TRADES ADMIN CORP

Service code 14 · EIN 95-4557526

Plan Administrator

$734,608

JOHN HANCOCK LIFE INSURANCE COMPANY9+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 20 · EIN 31-0841368

Direct payment from the plan; Trustee...

$594,618

EIDE BAILLY LLP5 years

Service code 10 · EIN 45-0250958

Accounting

$85,676

THE SEGAL COMPANY2 years

Filed as: SEGAL CONSULTING

Service code 17 · EIN 06-1271230

Pension Consulting

$43,502

BUSH GOTTLIEB, A LAW CORPORATION2 years

Filed as: BUSH GOTTLIEB

Service code 29 · EIN 95-2956616

Legal

$35,273

MILLER KAPLAN ARASE LLP6 years

Filed as: MILLER KAPLAN ARASE & CO

Service code 10 · EIN 95-2036255

Accounting

$34,893

KRAW LAW GROUP2 years

Service code 29 · EIN 77-0171216

Legal

$14,791

O'DONOGHUE & O'DONOGHUE9+ years

Service code 29 · EIN 53-0120528

Legal

$11,621

NEW ENGLAND PENSION CONSULTANTS9+ years

Service code 20 · EIN 04-2927339

Trustee (individual); Direct payment ...

$9,685

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