Retirement plan

THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN

Name: INTL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7 - THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 7 ANNUITY PLAN (2021) Form 5500
Creator: INTL 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, INTL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7

INTL BROTHERHOOD OF ELEC WORKERS UNION LOCAL 7EIN 04-2733497Plan #002PY 2021

ZENITH AMERICAN ADMINISTRATORS, PO BOX 5817 - WALLINGFORD, CT 064927617800-446-8646

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$69.4M

+21.0% from 2020

Total participants

859

+7.1% from 2020

Average account balance

$80,934

+13.1% from 2020

Annual return

19.78%

+15.02 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Participant loan processing; Claims p...	$107,829
IBEW LOCAL NO. 7 ANNUITY5 years Filed as: IBEW LOCAL NO. 7 ANNUITY FUND Service code 14 · EIN 04-2733497	Plan Administrator	$74,107
ZENITH AMERICAN SOLUTIONS5 years Service code 14 10 TECHNOLOGY DRIVE · WALLINGFORD, CT 06492	Plan Administrator	$33,686
LAPIER DILLON AND ASSOCIATES PC1 year Service code 10 · EIN 32-0048525	Accounting	$14,918
KRAKOW & SOURIS2 years Filed as: KRAKOW SOURIS & LANDRY Service code 29 225 FRIEND STREET · BOSTON, MA 02114	Legal	$12,043
NATIONAL FINANCIAL SERVICES6+ 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$191K

$239 / participant

Investment mgmt$109K57.2%
Contract admin$34K17.7%
Other / not subdivided$48K25.1%

% of EOY assets

0.274%

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: LAPIER DILLON AND ASSOCIATES
Auditor EIN: 320048525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,934

$78,275+3.4%

$109,163-25.9%

$86,813-6.8%

Participation rate

99.9%

73.8%+26.0pp

75.9%+24.0pp

72.3%+27.6pp

Annual return

19.78%

19.14%+0.6pp

25.75%-6.0pp

97.93%-78.1pp

Employer contribution / active EE

$4,142

$3,105+33.4%

$3,723+11.3%

$2,406+72.2%

Participant deferral / active EE

$3,641-100.0%

$4,654-100.0%

$4,131-100.0%

Admin fee / account holder

$222

$198+11.9%

$6,754-96.7%

$170+31.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Claims p...

$107,829

IBEW LOCAL NO. 7 ANNUITY5 years

Filed as: IBEW LOCAL NO. 7 ANNUITY FUND

Service code 14 · EIN 04-2733497

Plan Administrator

$74,107

ZENITH AMERICAN SOLUTIONS5 years

Service code 14

10 TECHNOLOGY DRIVE · WALLINGFORD, CT 06492

Plan Administrator

$33,686

LAPIER DILLON AND ASSOCIATES PC1 year

Service code 10 · EIN 32-0048525

Accounting

$14,918

KRAKOW & SOURIS2 years

Filed as: KRAKOW SOURIS & LANDRY

Service code 29

225 FRIEND STREET · BOSTON, MA 02114

Legal

$12,043

NATIONAL FINANCIAL SERVICES6+ 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