Retirement plan

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN

Name: INTL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL 7 - THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN (2017) Form 5500
Creator: INTL BROTHERHOOD OF ELECTRICAL 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, INTL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL 7

INTL BROTHERHOOD OF ELECTRICAL WORKERS UNION LOCAL 7EIN 04-2733497Plan #002PY 2017

10 TECHNOLOGY DR - WALLINGFORD, CT 064921955800-446-8646

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$49.2M

+8.4% from 2016

Total participants

684

+4.3% from 2016

Average account balance

$71,947

+4.0% from 2016

Annual return

7.90%

+6.80 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

$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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$137,808
IBEW LOCAL NO. 7 ANNUITY1 year Filed as: IBEW LOCAL NO. 7 ANNUITY FUND Service code 14 · EIN 04-2733497	Plan Administrator	$104,030
ZENITH AMERICAN SOLUTIONS1 year Service code 14 10 TECHNOLOGY DRIVE · WALLINGFORD, CT 06492	Plan Administrator	$30,375
EUCLID SPECIALTY MANAGERS, LLC1 year Filed as: EUCLID SPECIALTY MANAGER LLC Service code 22 234 SPRING LAKE DRIVE · ITASCA, IL 60143	Insurance Broker	$17,000
NICHOLAS LAPIER CPA PC1 year Service code 10 · EIN 32-0048525	Accounting	$10,753
KRAKOW & SOURIS1 year Filed as: KRAKOW & SOURIS LLC Service code 29 225 FRIEND STREET · BOSTON, MA 02114	Legal	$6,049
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$346
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	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

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

Expense breakdown

Schedule H Part II

Admin total

$154K

$241 / participant

Investment mgmt$24K15.6%
Contract admin$30K19.7%
Other / not subdivided$99K64.7%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NICHOLAS LAPIER CPA PC
Auditor EIN: 320048525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,947

$60,545+18.8%

$92,240-22.0%

$69,631+3.3%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

7.90%

19.71%-11.8pp

176.29%-168.4pp

27571.02%-27563.1pp

Employer contribution / active EE

$3,327

$2,633+26.4%

$3,680-9.6%

$2,032+63.7%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$225

$145+55.3%

$5,194-95.7%

$110+103.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$137,808

IBEW LOCAL NO. 7 ANNUITY1 year

Filed as: IBEW LOCAL NO. 7 ANNUITY FUND

Service code 14 · EIN 04-2733497

Plan Administrator

$104,030

ZENITH AMERICAN SOLUTIONS1 year

Service code 14

10 TECHNOLOGY DRIVE · WALLINGFORD, CT 06492

Plan Administrator

$30,375

EUCLID SPECIALTY MANAGERS, LLC1 year

Filed as: EUCLID SPECIALTY MANAGER LLC

Service code 22

234 SPRING LAKE DRIVE · ITASCA, IL 60143

Insurance Broker

$17,000

NICHOLAS LAPIER CPA PC1 year

Service code 10 · EIN 32-0048525

Accounting

$10,753

KRAKOW & SOURIS1 year

Filed as: KRAKOW & SOURIS LLC

Service code 29

225 FRIEND STREET · BOSTON, MA 02114

Legal

$6,049

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$346

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

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