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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36.1M

+10.7% from 2016

Total participants

321

+11.8% from 2016

Average account balance

$112,319

-1.0% from 2016

Annual return

15.80%

+9.01 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN RETIREMENT SERVICES CO. Service code 13 · EIN 35-0472300	Contract Administrator	$36,810
SAGEVIEW ADVISORY GROUP, LLC3+ years Filed as: SAGEVIEW Service code 27 · EIN 33-0818667	Advisory (Plan)	$35,000
BUCKLEY, FRAME, BOUDREAU & CO., P.C3+ years Filed as: BUCKLEY, FRAME, BOUDREAU & CO. P.C. Service code 10 · EIN 06-0931761	Accounting	$19,250
RETIREMENT SOLUTION GROUP3+ years Filed as: RETIREMENT SOLUTIONS GROUP Service code 15 · EIN 20-2668095	Recordkeeping	$15,900

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

$139K

$442 / participant

Investment mgmt$35K25.2%
Contract admin$53K38.0%
Other / not subdivided$51K36.8%

% of EOY assets

0.385%

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: NOVAK FRANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,319

$60,545+85.5%

$92,240+21.8%

$69,631+61.3%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

15.80%

19.71%-3.9pp

176.29%-160.5pp

27571.02%-27555.2pp

Employer contribution / active EE

$4,690

$2,633+78.1%

$3,680+27.5%

$2,032+130.8%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$432

$145+198.6%

$5,194-91.7%

$110+291.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN RETIREMENT SERVICES CO.

Service code 13 · EIN 35-0472300

Contract Administrator

$36,810

SAGEVIEW ADVISORY GROUP, LLC3+ years

Filed as: SAGEVIEW

Service code 27 · EIN 33-0818667

Advisory (Plan)

$35,000

BUCKLEY, FRAME, BOUDREAU & CO., P.C3+ years

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

Service code 10 · EIN 06-0931761

Accounting

$19,250

RETIREMENT SOLUTION GROUP3+ years

Filed as: RETIREMENT SOLUTIONS GROUP

Service code 15 · EIN 20-2668095

Recordkeeping

$15,900

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