Retirement plan

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN

Name: INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7 - THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN (2025) Form 5500
Creator: INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN, INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7

INTERNATIONAL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7EIN 04-2733497Plan #002PY 2025

321 RESEARCH PKWY STE 110 - MERIDEN, CT 064508340800-446-8646

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$78.2M

+6.8% from 2024

Total participants

915

+1.3% from 2024

Average account balance

$85,430

+5.4% from 2024

Annual return

7.78%

-4.52 pp from 2024

Benchmarks

See 134 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort134 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$78.17M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

915

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

$4.60M

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

+7.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Participan...	$146,983
REID & RIEGE, P.C.3 years Filed as: REID AND RIEGE PC Service code 29 1 FINANCIAL PLAZA, 21ST FLOOR · HARTFORD, CT 06103	Legal	$37,231
SOLXSYS ADMINISTRATIVE SOLUTIONS1 year Service code 14 321 RESEARCH PKWY, SUITE 110 · MERIDEN, CT 06450	Plan Administrator	$34,000
LAPIER DILLON AND ASSOCIATES PC1 year Filed as: LAPIER, DILLON & ASSOCIATES, P.C. Service code 10 · EIN 32-0048525	Accounting	$14,232
ZENITH AMERICAN SOLUTIONS9 years Service code 14 8 FAIRFIELD BOULEVARD · WALLINGFORD, CT 06492	Plan Administrator	$8,442
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 33 116 HUNTINGTON AVENUE · BOSTON, MA 02116	Securities brokerage commissions and ...	$5,000
NATIONAL FINANCIAL SERVICES10+ years Service code 33	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

$280K

$338 / participant

Investment mgmt$152K54.3%
Legal$42K15.0%
Contract admin$42K15.1%
Other / not subdivided$44K15.5%

% of EOY assets

0.358%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAPIER, DILLON AND ASSOCIATES, P.C.
Auditor EIN: 320048525
Audit fees: $14,232
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,430

$86,882-1.7%

$150,734-43.3%

$69,255+23.4%

Participation rate

100.0%

84.3%+15.7pp

78.4%+21.6pp

69.0%+31.0pp

Annual return

7.78%

10.69%-2.9pp

600.81%-593.0pp

26.73%-19.0pp

Employer contribution / active EE

$5,540

$5,194+6.7%

$4,918+12.7%

$2,645+109.5%

Participant deferral / active EE

$2,993-100.0%

$5,610-100.0%

$2,890-100.0%

Admin fee / account holder

$306

$630-51.4%

$14,905-97.9%

$733-58.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Participan...

$146,983

REID & RIEGE, P.C.3 years

Filed as: REID AND RIEGE PC

Service code 29

1 FINANCIAL PLAZA, 21ST FLOOR · HARTFORD, CT 06103

Legal

$37,231

SOLXSYS ADMINISTRATIVE SOLUTIONS1 year

Service code 14

321 RESEARCH PKWY, SUITE 110 · MERIDEN, CT 06450

Plan Administrator

$34,000

LAPIER DILLON AND ASSOCIATES PC1 year

Filed as: LAPIER, DILLON & ASSOCIATES, P.C.

Service code 10 · EIN 32-0048525

Accounting

$14,232

ZENITH AMERICAN SOLUTIONS9 years

Service code 14

8 FAIRFIELD BOULEVARD · WALLINGFORD, CT 06492

Plan Administrator

$8,442

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 33

116 HUNTINGTON AVENUE · BOSTON, MA 02116

Securities brokerage commissions and ...

$5,000

NATIONAL FINANCIAL SERVICES10+ years

Service code 33

Securities brokerage commissions and ...

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY 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