About the Northwest AGC Chapters Retirement Plan
1 of 5
The Northwest AGC Chapters Retirement Plan provides employers with the opportunity to participate in
a multiple employer plan with lower administrative and investment costs, quality investment options, and
support from service providers familiar with the unique needs of the construction industry. With simple
and flexible plan choices and fewer administrative burdens, you can spend less time managing your
retirement plan and more time focusing on your business. With all of the advantages of bulk buying
power, this plan offers convenience, flexibility, tax advantages, and a variety of investments to help your
employees secure their futures.
Flexibility
As an employer, you choose which contribution structures make sense for you and your business from a
menu of employee 401(k) and Roth 401(k) contributions, and employer Davis Bacon (prevailing wage),
safe harbor, matching, and profit sharing contribution options. Employers can adjust their contribution
provisions as their needs change, and even to target contributions to specific employees or classes of
employees and vary their contribution levels from year to year. We understand that every company in the
construction industry is unique. Our team provides individualized support to make sure you have a plan
that best meets your company’s retirement goals.
Outsourced Employer Liability and Responsibility
Ongoing fiduciary responsibility and plan oversight lie with the Board of Trustees, which is made up of
contractor representatives and participating AGC chapter representatives. The Board meets quarterly to
review plan activity, financial statements, fees, investment performance, legislation changes, and
anything else impacting the Plan.
As part of the AGC Plan, employers can outsource some of their annual headaches:
✓ All participating member employers are covered by the Plan’s ERISA fidelity bond, and do not
need to be bonded independently when going through your company insurance renewal.
✓ Companies with 100+ employees normally need to have an annual audit on their retirement plan.
As part of the AGC Plan, you’re covered in the Plan’s audit and can avoid the hassle and expense
of having your own.
✓ We handle distribution of all required plan notices and disclosures.
✓ Our team takes care of the single, plan-wide Form 5500 filing each year, requiring no work or sign-
off from you.
About the Northwest AGC Chapters Retirement Plan
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Your Employees are Supported
Our plan lets you be as hands-on or hands-off as you’d like with your employees when it comes to their
retirement accounts.
✓ Employees have easy-to-navigate online access to view and manage their accounts 24/7, and a
benefits center where they can speak with plan representatives during business hours. Your
employee has a question about their account or wants assistance with submitting a transaction?
All you have to do is give them the phone number!
✓ Participants receive regular account statements and communications to make sure they don’t
lose track of their accounts, and so that they continue to know how to access account information.
✓ Any individual looking for assistance with investment decisions or personal savings strategies can
speak with the Plan’s financial advisor for assistance, free of charge.
Employers are Supported
Setup and ongoing administration are easy with the AGC Plan. Our team of professionals will work with
you to design the retirement benefit best for your company, will guide you through the setup process,
and will continue to be available once your plan is up and running to answer questions and provide
whatever assistance you need.
✓ We will make sure that you have all of the materials you need for educating your employees and
enrolling new employees. If you would like assistance with employee education, our team is
happy to provide virtual and in-person staff meetings to introduce or reintroduce your retirement
benefit.
✓ Remitting contributions is simple and fast. We will provide you with a straight-forward
contribution remittance template which you will upload to the Plan’s secure portal while you’re
doing payroll. When the pay date arrives, our team will submit an ACH debit request to your bank
for the total of the contributions in your contribution remittance file and invest those
contributions in participant accounts according to that detail.
✓ Our team of professionals will complete any IRS-required non-discrimination compliance testing
each year, and assist you with modeling any additional contributions you may want to make to
participant accounts.
About the Northwest AGC Chapters Retirement Plan
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Employer-Friendly Fee Structure
Our goal is to offer a quality program that is competitively priced. The Board of Trustees reviews fees
quarterly. Plan growth and the resulting bulk buying power have allowed us to reduce fees every few
years, and we carefully monitor for opportunities to continue that trend.
✓ All fees are paid by plan participants, so there are no invoices to employers.
✓ As of September 2023, the weighted average investment expense ratio was 0.17%, and the
average participant administrative fee was 0.32%. In total, the average participant paid 0.49% in
fees, well under the fee rate of most other plans of this size and type. Further reducing fees, in
2021 and 2022 all participants enjoyed a 3-month holiday during which no administrative fees
were charged.
Administrative Fees
Administrative fees are deducted from participant accounts monthly, on the first business day of each
month. This monthly fee is composed of two components, a flat fee of $5 and a tiered asset-based fee.
The asset-based fee percent is determined based on the amount of total assets that participants
associated with your employer have in the Plan, or your personal account balance. Your asset-based fee
percent will always be the lesser of the percentage associated with your employer’s asset range or with
your personal account balance.
The following grid of employer and personal asset levels will be used to determine your asset-based fee
percent:
Employer Asset Range
Participant Asset Range
Annual Asset
Based Fee
Monthly Per
Capita Fee
Less than $250K
Use employer range
0.40%
$5.00
$250K - $1MM
OR
$25K-$100K
0.35%
$5.00
$1MM - $2.5MM
OR
$100K-$250K
0.30%
$5.00
$2.5MM - $5MM
OR
$250K-$500K
0.18%
$5.00
Greater than $5MM
OR
Greater than $500K
0.12%
$5.00
For example, a monthly plan fee for a participant who works for an employer in the $250K-$1MM asset
tier and has a balance of $20,000 is calculated using the employer’s asset range as follows:
Monthly fee amount = $5 + ($20,000 balance)* (0.35%/12) = $10.83
For example, a monthly plan fee for a participant who works for an employer in the $250K-$1MM asset
tier and has a balance of $260,000 is calculated using the participant’s asset range as follows:
Monthly fee amount = $5 + ($260,000 balance)* (0.18%/12) = $44.00
About the Northwest AGC Chapters Retirement Plan
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Investments
Our plan offers a diverse menu of investment options representing a variety of asset classes. Participating
employees can self-direct their own retirement accounts within the available investment options.
✓ Investment performance is monitored on a quarterly basis with emphasis on long-term (3- and 5-
year) returns. Each investment is expected to perform consistently with its benchmark and use an
investment strategy consistent with the asset class it represents.
✓ Participating employees who do not enjoy actively managing their investments can utilize the
Plan’s qualified default investment alternative, Vanguard Target Retirement Date Fund Trust II CIT
series. These funds provide an appropriate allocation level for an individual’s age and time horizon
and are appealing to hands-off investors.
Fund Name
Ticker
Symbol
Total
Return
3
Month
Total
Return
YTD
Total
Return
12
Month
Total
Return
Annlzd
3 Year
Total
Return
Annlzd
5 Year
Total
Return
Annlzd
10 Year
Mgr
Tenure
Exp
Ratio
(%)
Vanguard 500 Index Inst
VINIX
-3.28
13.04
21.58
10.12
9.89
11.88
9.64
0.035
Standard & Poor's 500
benchmark
-3.27
13.07
21.62
10.15
9.92
11.91
-
-
Vanguard Growth Index Admiral
VIGAX
-3.70
28.28
28.10
6.75
11.94
13.56
18.17
0.05
S&P 500 Growth TR USD
benchmark
-2.59
18.11
19.82
6.80
10.44
13.46
-
-
CRSP US Large Cap Growth TR USD
benchmark
-3.68
28.35
28.16
6.79
11.98
13.61
-
-
Vanguard Value Index Adm
VVIAX
-2.33
0.15
14.83
12.41
7.29
9.83
18.17
0.05
CRSP US Large Cap Value TR USD
benchmark
-2.33
0.15
14.85
12.45
7.32
9.87
-
-
S&P 500 Value TR USD
benchmark
-4.09
7.56
22.19
13.39
8.41
9.64
-
-
Vanguard S&P Mid-Cap 400 Index I
VSPMX
-4.22
4.22
15.44
11.98
5.99
8.88
0.67
0.08
S&P MidCap 400 Index
benchmark
-4.20
4.27
15.51
12.05
6.06
8.94
-
-
Vanguard Mid-Cap Growth Index Admiral
VMGMX
-5.28
8.86
15.06
3.24
7.18
9.46
3.44
0.07
S&P MidCap 400 Growth TR USD
benchmark
-3.24
6.86
16.21
7.62
5.63
8.89
-
-
CRSP US Mid Cap Growth TR USD
benchmark
-5.27
8.91
15.12
3.27
7.22
9.51
-
-
T. Rowe Price Mid Cap Value
TRMCX
-3.63
4.90
19.17
14.64
7.05
9.05
1.42
0.81
S&P MidCap 400 Value TR USD
benchmark
-5.23
1.56
14.50
16.69
6.06
8.64
-
-
Cohen & Steers Realty Instl Shares
CSRIX
-8.80
-3.66
-0.07
3.92
4.56
7.20
9.58
0.75
MSCI US REIT NR USD
benchmark
-7.32
-2.89
1.87
4.51
1.62
4.65
-
-
Vanguard S&P Small-Cap 600 Index I
VSMSX
-4.94
0.77
10.01
12.02
3.19
8.13
0.42
0.08
S&P Smallcap 600 TR
benchmark
-4.93
0.81
10.08
12.10
3.21
8.15
-
-
Fidelity® Small Cap Value Index
FISVX
-2.97
-0.44
7.93
-
-
-
4.23
0.05
Russell 2000 Value
benchmark
-2.96
-0.53
7.84
13.32
2.59
6.19
-
-
Conestoga Small Cap
CCASX
-6.65
9.98
16.33
4.49
3.94
9.29
15.33
1.10
Russell 2000 Growth
benchmark
-7.32
5.24
9.59
1.09
1.55
6.72
-
-
About the Northwest AGC Chapters Retirement Plan
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Fund Name
Ticker
Symbol
Total
Return
3
Month
Total
Return
YTD
Total
Return
12
Month
Total
Return
Annlzd
3 Year
Total
Return
Annlzd
5 Year
Total
Return
Annlzd
10 Year
Mgr
Tenure
Exp
Ratio
(%)
Vanguard Target Retirement Inc Trust II
VTRIC
-2.41
3.15
7.05
-0.12
2.72
3.64
3.17
0.075
S&P Target Date Retirement Income
benchmark
-2.61
2.75
7.38
0.22
2.59
3.48
-
-
Vanguard Target Retirement 2020 Trust II
VTR20
-2.63
4.19
9.39
1.46
3.62
5.30
3.17
0.075
S&P Target Date 2020 TR USD
benchmark
-2.73
3.96
9.96
1.91
3.44
4.95
-
-
Vanguard Target Retirement 2025 Trust II
VTR25
-2.99
5.20
11.57
2.26
4.14
5.88
3.17
0.075
S&P Target Date 2025 TR USD
benchmark
-2.80
4.35
10.97
3.03
4.02
4.95
-
-
Vanguard Target Retirement 2030 Trust II
VTR30
-3.24
5.93
13.12
3.05
4.55
6.36
3.17
0.075
S&P Target Date 2030 TR USD
benchmark
-2.98
5.30
12.96
4.08
4.51
6.14
-
-
Vanguard Target Retirement 2035 Trust II
VTR35
-3.30
6.65
14.65
3.98
5.01
6.87
3.17
0.075
S&P Target Date 2035 TR USD
benchmark
-3.14
6.34
15.18
5.24
5.07
6.72
-
-
Vanguard Target Retirement 2040 Trust II
VTR40
-3.36
7.39
16.18
4.87
5.45
7.34
3.17
0.075
S&P Target Date 2040 TR USD
benchmark
-3.23
7.23
17.06
6.16
5.53
7.15
-
-
Vanguard Target Retirement 2045 Trust II
VTR45
-3.42
8.11
17.73
5.79
5.93
7.68
3.17
0.075
S&P Target Date 2045 TR USD
benchmark
-3.33
7.79
18.32
6.72
5.81
-
-
-
Vanguard Target Retirement 2050 Trust II
VTR50
-3.48
8.50
18.52
5.98
6.05
7.74
3.17
0.075
S&P Target Date 2050 TR USD
benchmark
-3.36
8.03
18.84
7.01
5.93
7.60
-
-
Vanguard Target Retirement 2055 Trust II
VTR55
-3.48
8.50
18.52
5.98
6.05
7.72
3.17
0.075
S&P Target Date 2055 TR USD
benchmark
-3.36
8.04
18.97
7.12
5.98
-
-
-
Vanguard Target Retirement 2060 Trust II
VTR60
-3.48
8.51
18.54
5.99
6.07
7.74
3.17
0.075
S&P Target Date 2060 TR USD
benchmark
-3.37
8.14
19.09
7.10
6.00
7.74
-
-
Vanguard Target Retirement 2065 Trust II
VTR65
-3.49
8.49
18.51
5.97
6.08
-
2.06
0.075
S&P Target Date 2065 TR USD
benchmark
5.12
11.91
15.73
10.66
7.56
8.84
-
-
Vanguard Target Retirement 2070 Trust II
VTRIGTII
-3.46
8.51
18.60
-
-
-
0.87
0.075
S&P Target Date 2070 TR USD
benchmark
-3.37
8.14
19.09
7.10
6.00
7.74
-
-
American Funds Europacific Grth R-6
RERGX
-6.33
5.15
19.64
0.08
3.11
4.64
12.50
0.46
MSCI ACWI Ex USA NR USD
benchmark
-7.31
2.61
15.84
-1.86
2.54
3.92
-
-
Fidelity® Emerging Markets Idx
FPADX
-3.42
1.70
11.68
-2.17
0.33
2.14
7.72
0.07
MSCI EM NR USD
benchmark
-2.93
1.82
11.70
-1.73
0.55
2.07
-
-
Dodge & Cox Income I
DODIX
-2.77
0.35
3.11
-3.15
1.32
2.18
17.30
0.41
Bar Cap Aggregate Bond
benchmark
-3.23
-1.21
0.64
-5.21
0.10
1.13
-
-
Vanguard Int Term Treas Adm
VFIUX
-2.13
-0.96
-0.03
-4.66
0.58
0.90
1.92
0.10
Barclays US Govt Interm TR USD
benchmark
-0.78
0.32
1.33
-3.17
0.68
0.81
-
-
Loomis Sayles Bond Fund Cl I
LSBDX
-1.90
0.66
3.47
-1.42
-0.05
1.62
13.56
0.67
Bloomberg US Universal TR USD
benchmark
-2.88
-0.62
1.61
-4.68
0.34
1.43
-
-
T. Rowe Price Stable Value Common Tr-
N/A
0.65
1.76
2.26
1.91
2.01
1.96
7.89
0.35
ICE BofAML 3M US Tsy Note TR
benchmark
1.25
3.62
4.55
1.73
1.76
1.14
-
-
For More Information
Visit our website at nwagcretirement.com to learn more about the Northwest AGC Chapters Retirement
Plan or read about other employers’ experiences. You can also contact our team for more information by
emailing agctea[email protected]om or by calling 877-690-5410.