Retirement plan

ELECTRICAL WORKERS DEFERRED INCOME PLAN LOCAL 103, I.B.E.W.

Name: JOINT BOARD OF TRUSTEES, ELECTRICAL - ELECTRICAL WORKERS DEFERRED INCOME PLAN LOCAL 103, I.B.E.W. (2017) Form 5500
Creator: JOINT BOARD OF TRUSTEES, ELECTRICAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL WORKERS DEFERRED INCOME PLAN LOCAL 103, I.B.E.W., JOINT BOARD OF TRUSTEES, ELECTRICAL

JOINT BOARD OF TRUSTEES, ELECTRICALdba WORKERS LOCAL 103, I.B.E.W.EIN 04-2471895Plan #002PY 2017

256 FREEPORT STREET, 2ND FLOOR - BOSTON, MA 02122617-288-5999

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$911.8M

-12.0% from 2017

Total participants

8,179

-3.8% from 2017

Average account balance

$111,477

-8.6% from 2017

Annual return

10.62%

-6.14 pp from 2017

Benchmarks

See 87 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort87 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63B

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

10,127

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

$67.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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 10 of 21 by compensation

Provider	Service type	Compensation
ASB CAPITAL MANAGEMENT2+ years Filed as: ASB CAPITAL MGMT Service code 28 · EIN 80-0618452	Investment Management	$344,193
NATIONAL REAL ESTATE ADVISORS, LLC2+ years Filed as: NATIONAL REAL ESTATE ADVISORS LLC Service code 28 · EIN 26-2237421	Investment Management	$148,741
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$40,000
MANZI & ASSOCIATES, LLC2+ years Filed as: MANZI & ASSOCIATES L.L.C. Service code 10 · EIN 04-3508036	Accounting	$37,500
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN BRADLEY Service code 30 · EIN 04-2471895	Employee (plan)	$34,780
MICHAEL F. YATES & COMPANY, INC.2+ years Filed as: MICHAEL DONOVAN Service code 30 · EIN 04-2471895	Employee (plan)	$26,382
KELSEY HARDIN2+ years Service code 30 · EIN 04-2471895	Employee (plan)	$23,114
NOELLE HOLLEY2+ years Service code 30 · EIN 04-2471895	Employee (plan)	$21,632
JEANNIE PASTRANA2+ years Filed as: JEANNIE FOLAN Service code 30 · EIN 04-2471895	Employee (plan)	$21,504
JOSHUA WOOD2+ years Service code 30 · EIN 04-2471895	Employee (plan)	$17,691

Plan features & details

Pension benefit codes2C

Plan features

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

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

$841K

$120 / participant

Investment mgmt$189K22.4%
Other / not subdivided$652K77.6%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

1 / 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 L.L.C.
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,477

$96,400+15.6%

$149,721-25.5%

$177,276-37.1%

Participation rate

100.0%

88.9%+11.1pp

87.1%+12.9pp

74.8%+25.2pp

Annual return

10.62%

19.02%-8.4pp

1501.67%-1491.0pp

21.25%-10.6pp

Employer contribution / active EE

$6,603

$3,680+79.4%

$5,444+21.3%

$2,479+166.3%

Participant deferral / active EE

$5,510-100.0%

$6,568-100.0%

$3,881-100.0%

Admin fee / account holder

$103

$69+48.3%

$11,282-99.1%

$154-33.3%

Provider

Service type

Compensation

ASB CAPITAL MANAGEMENT2+ years

Filed as: ASB CAPITAL MGMT

Service code 28 · EIN 80-0618452

Investment Management

$344,193

NATIONAL REAL ESTATE ADVISORS, LLC2+ years

Filed as: NATIONAL REAL ESTATE ADVISORS LLC

Service code 28 · EIN 26-2237421

Investment Management

$148,741

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$40,000

MANZI & ASSOCIATES, LLC2+ years

Filed as: MANZI & ASSOCIATES L.L.C.

Service code 10 · EIN 04-3508036

Accounting

$37,500

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN BRADLEY