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. (2019) 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 2019

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1087.7M

-12.0% from 2017

Total participants

9,247

-3.8% from 2017

Average account balance

$117,623

-8.6% from 2017

Annual return

7.90%

-6.14 pp from 2017

Benchmarks

See 89 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort89 peers

Snapshot2019

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

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

Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
ASB CAPITAL MANAGEMENT4+ years Filed as: ASB CAPITAL MGMT Service code 28 · EIN 80-0618452	Investment Management	$383,936
NATIONAL REAL ESTATE ADVISORS, LLC4+ years Filed as: NATIONAL REAL ESTATE ADVISORS LLC Service code 28 · EIN 26-2237421	Investment Management	$169,464
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$40,000
MANZI & ASSOCIATES, LLC4+ years Filed as: MANZI & ASSOCIATES L.L.C. Service code 10 · EIN 04-3508036	Accounting	$37,500
KELSEY HARDIN4+ years Service code 30 · EIN 04-2471895	Employee (plan)	$35,620
MICHAEL F. YATES & COMPANY, INC.4+ years Filed as: MICHAEL DONOVAN Service code 30 · EIN 04-2471895	Employee (plan)	$31,200
STATE STREET GLOBAL ADVISORS4+ years Service code 19 · EIN 04-0025081	Securities Custodian	$24,661
JOSHUA WOOD4+ years Service code 30 · EIN 04-2471895	Employee (plan)	$23,691
CHRISTINE KING1 year Filed as: CHRISTINE LAROSA Service code 30 · EIN 04-2471895	Employee (plan)	$20,176
NOELLE HOLLEY4+ years Service code 30 · EIN 04-2471895	Employee (plan)	$14,456

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

$793K

$101 / participant

Investment mgmt$209K26.4%
Other / not subdivided$584K73.6%

% of EOY assets

0.073%

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

$117,623

$110,760+6.2%

$162,185-27.5%

$82,204+43.1%

Participation rate

100.0%

92.7%+7.3pp

87.6%+12.4pp

73.4%+26.6pp

Annual return

7.90%

22.97%-15.1pp

115.61%-107.7pp

26.31%-18.4pp

Employer contribution / active EE

$7,575

$4,437+70.7%

$5,613+34.9%

$2,707+179.8%

Participant deferral / active EE

$6,652-100.0%

$7,297-100.0%

$4,246-100.0%

Admin fee / account holder

$86

$65+31.7%

$10,844-99.2%

$76+13.5%

Provider

Service type

Compensation

ASB CAPITAL MANAGEMENT4+ years

Filed as: ASB CAPITAL MGMT

Service code 28 · EIN 80-0618452

Investment Management

$383,936

NATIONAL REAL ESTATE ADVISORS, LLC4+ years

Filed as: NATIONAL REAL ESTATE ADVISORS LLC

Service code 28 · EIN 26-2237421

Investment Management

$169,464

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$40,000

MANZI & ASSOCIATES, LLC4+ years

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

Service code 10 · EIN 04-3508036

Accounting

$37,500

KELSEY HARDIN4+ years

Service code 30 · EIN 04-2471895

Employee (plan)

$35,620

MICHAEL F. YATES & COMPANY, INC.4+ years

Filed as: MICHAEL DONOVAN

Service code 30 · EIN 04-2471895

Employee (plan)

$31,200

STATE STREET GLOBAL ADVISORS4+ years

Service code 19 · EIN 04-0025081

Securities Custodian

$24,661

JOSHUA WOOD4+ years

Service code 30 · EIN 04-2471895

Employee (plan)

$23,691

CHRISTINE KING1 year

Filed as: CHRISTINE LAROSA

Service code 30 · EIN 04-2471895

Employee (plan)

$20,176

NOELLE HOLLEY4+ years

Service code 30 · EIN 04-2471895

Employee (plan)

$14,456

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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

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