Retirement plan

I.B.E.W. LOCAL 1253 RETIREMENT PLAN

Name: BD OF TRUSTEES I.B.E.W. LOCAL 1253 RETIREMENT PLAN - I.B.E.W. LOCAL 1253 RETIREMENT PLAN (2015) Form 5500
Creator: BD OF TRUSTEES I.B.E.W. LOCAL 1253 RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 1253 RETIREMENT PLAN, BD OF TRUSTEES I.B.E.W. LOCAL 1253 RETIREMENT PLAN

BD OF TRUSTEES I.B.E.W. LOCAL 1253 RETIREMENT PLANEIN 01-6045419Plan #001PY 2015

176 MAIN STREET - FAIRFIELD, ME 04937207-453-1301LinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$33.3M

No prior year

Total participants

299

No prior year

Average account balance

$111,316

No prior year

Annual return

2.63%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$54.89M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

473

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$320

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC1+ years Filed as: SAGEVIEW Service code 27 · EIN 33-0818667	Advisory (Plan)	$35,000
INSURANCE PROGRAMMERS, INC.1+ years Service code 13 · EIN 06-0811449	Contract Administrator	$33,876
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 19 · EIN 11-3665754	Securities Custodian	$16,898
BUCKLEY, FRAME, BOUDREAU & CO., P.C1+ years Filed as: BUCKLEY, FRAME, BOUDREAU & CO. P.C. Service code 10 · EIN 06-0931761	Accounting	$12,663
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070	Contract Administrator	$11,397
WAKELIN HALLOCK & O'DONOVAN, LLP1+ years Filed as: WAKELIN, HALLOCK & O'DONOVAN Service code 29 · EIN 01-0494235	Legal	$5,945
RETIREMENT SOLUTION GROUP1+ years Filed as: RETIREMENT SOLUTIONS GROUP Service code 15 · EIN 20-2668095	Recordkeeping	$5,300

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$150K

$533 / participant

Investment mgmt$35K23.3%
Contract admin$51K33.6%
Other / not subdivided$65K43.1%

% of EOY assets

0.452%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BUCKLEY, FRAME, BOUDREAU & CO., P.C
Auditor EIN: 060931761
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,316

$50,498+120.4%

$75,781+46.9%

$55,191+101.7%

Participation rate

100.0%

69.4%+30.6pp

75.8%+24.2pp

69.2%+30.8pp

Annual return

2.63%

1.80%+0.8pp

9.68%-7.0pp

10.78%-8.1pp

Employer contribution / active EE

$4,481

$2,291+95.6%

$3,323+34.8%

$1,899+136.0%

Participant deferral / active EE

$2,589-100.0%

$3,651-100.0%

$3,046-100.0%

Admin fee / account holder

$503

$123+308.7%

$5,299-90.5%

$91+454.0%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC1+ years

Filed as: SAGEVIEW

Service code 27 · EIN 33-0818667

Advisory (Plan)

$35,000

INSURANCE PROGRAMMERS, INC.1+ years

Service code 13 · EIN 06-0811449

Contract Administrator

$33,876

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 19 · EIN 11-3665754

Securities Custodian

$16,898

BUCKLEY, FRAME, BOUDREAU & CO., P.C1+ years

Filed as: BUCKLEY, FRAME, BOUDREAU & CO. P.C.

Service code 10 · EIN 06-0931761

Accounting

$12,663

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$11,397

WAKELIN HALLOCK & O'DONOVAN, LLP1+ years

Filed as: WAKELIN, HALLOCK & O'DONOVAN

Service code 29 · EIN 01-0494235

Legal

$5,945

RETIREMENT SOLUTION GROUP1+ years

Filed as: RETIREMENT SOLUTIONS GROUP

Service code 15 · EIN 20-2668095

Recordkeeping

$5,300

I.B.E.W. LOCAL 1253 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 1253 RETIREMENT 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