Retirement plan

I.B.E.W. LOCAL 300 - UNIT 1 PENSION PLAN

Name: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 300 - UNIT 1 - I.B.E.W. LOCAL 300 - UNIT 1 PENSION PLAN (2023) Form 5500
Creator: INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 300 - UNIT 1
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 300 - UNIT 1 PENSION PLAN, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 300 - UNIT 1

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 300 - UNIT 1dba WORKERS LOCAL 300 - UNIT 1EIN 03-0275174Plan #001PY 2023

3 GREGORY DRIVE - SOUTH BURLINGTON, VT 05403802-864-5864

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$33.2M

+9.2% from 2022

Total participants

352

0.0% from 2022

Average account balance

$94,325

+9.2% from 2022

Annual return

11.88%

+25.58 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.81M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

363

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

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$305

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
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES, LLC. Service code 26 · EIN 47-1566880 P.O. BOX 2343 · SO. BURLINGTON, VT 054072343	Advisory (Participants)	$28,000
FUTURE PLAN CONSULTING - FORT WAYNE3 years Filed as: FUTURE PLANNING ASSOCIATES Service code 13 · EIN 03-0271340 600 BLAIR PARK SUITE 331PO BOX 905 · WILLISTON, VT 054950905	Contract Administrator	$14,612
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009	Securities Custodian	$13,498
KRAKOW & SOURIS3 years Service code 29 · EIN 04-3363718 225 FRIEND STREET · BOSTON, MA 02114	Legal	$9,000

Plan features & details

Pension benefit codes2C2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$102K

$609 / participant

Investment mgmt$28K27.5%
Contract admin$46K45.6%
Other / not subdivided$27K26.9%

% of EOY assets

0.306%

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: MANZI & ASSOCIATES, LLC
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,325

$76,696+23.0%

$96,515-2.3%

$71,511+31.9%

Participation rate

100.0%

66.6%+33.4pp

74.3%+25.7pp

67.9%+32.1pp

Annual return

11.88%

48.32%-36.4pp

35.73%-23.8pp

28.86%-17.0pp

Employer contribution / active EE

$6,492

$3,032+114.2%

$3,740+73.6%

$2,589+150.7%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$289

$2,030-85.8%

$6,735-95.7%

$1,588-81.8%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES, LLC.

Service code 26 · EIN 47-1566880

P.O. BOX 2343 · SO. BURLINGTON, VT 054072343

Advisory (Participants)

$28,000

FUTURE PLAN CONSULTING - FORT WAYNE3 years

Filed as: FUTURE PLANNING ASSOCIATES

Service code 13 · EIN 03-0271340

600 BLAIR PARK SUITE 331PO BOX 905 · WILLISTON, VT 054950905

Contract Administrator

$14,612

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$13,498

KRAKOW & SOURIS3 years

Service code 29 · EIN 04-3363718

225 FRIEND STREET · BOSTON, MA 02114

Legal

$9,000

I.B.E.W. LOCAL 300 - UNIT 1 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 300 - UNIT 1 PENSION 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