Retirement plan

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 ANNUITY PLAN

Name: BD OF TRUSTEES NECA-IBEW LOCAL UNION NO 35 - N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 ANNUITY PLAN (2018) Form 5500
Creator: BD OF TRUSTEES NECA-IBEW LOCAL UNION NO 35
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 ANNUITY PLAN, BD OF TRUSTEES NECA-IBEW LOCAL UNION NO 35

BD OF TRUSTEES NECA-IBEW LOCAL UNION NO 35dba ANNUITY FUNDEIN 06-0008934Plan #001PY 2018

C/O ZENITH AMERICAN SOLUTIONS, P.O. BOX 5817 - WALLINGFORD, CT 064921955203-269-7741

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$64.1M

+8.6% from 2017

Total participants

584

-2.0% from 2017

Average account balance

$109,821

+10.8% from 2017

Annual return

7.29%

-2.05 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.32M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

670

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

$6.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+8.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INS & ANN Service code 19 · EIN 06-1050034	Securities Custodian	$54,462
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN SOLUTIONS INC Service code 13 · EIN 06-0811449	Contract Administrator	$40,200
BAIRD FUNDS3+ years Filed as: ROBERT M CHEVERIE & ASSOC Service code 29 · EIN 06-1335139	Legal	$20,187
MEKETA INVESTMENT GROUP1 year Filed as: MEKETA INVESTMENT GROUP LLP Service code 17 · EIN 04-2659023	Pension Consulting	$19,427
NOVAK FRANCELLA LLC1 year Filed as: NOVAK FRANCELLA Service code 10 · EIN 61-1436956	Accounting	$11,582

Plan features & details

Pension benefit codes2E2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$166K

$401 / participant

Investment mgmt$74K44.4%
Contract admin$40K24.2%
Other / not subdivided$52K31.4%

% of EOY assets

0.259%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,821

$56,443+94.6%

$83,831+31.0%

$55,725+97.1%

Participation rate

100.0%

72.0%+28.0pp

76.1%+23.9pp

70.9%+29.1pp

Annual return

7.29%

393.67%-386.4pp

850.99%-843.7pp

244.93%-237.6pp

Employer contribution / active EE

$11,053

$2,682+312.2%

$3,631+204.4%

$2,078+431.8%

Participant deferral / active EE

$2,965-100.0%

$4,082-100.0%

$3,356-100.0%

Admin fee / account holder

$285

$156+82.3%

$5,479-94.8%

$115+147.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INS & ANN

Service code 19 · EIN 06-1050034

Securities Custodian

$54,462

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN SOLUTIONS INC

Service code 13 · EIN 06-0811449

Contract Administrator

$40,200

BAIRD FUNDS3+ years

Filed as: ROBERT M CHEVERIE & ASSOC

Service code 29 · EIN 06-1335139

Legal

$20,187

MEKETA INVESTMENT GROUP1 year

Filed as: MEKETA INVESTMENT GROUP LLP

Service code 17 · EIN 04-2659023

Pension Consulting

$19,427

NOVAK FRANCELLA LLC1 year

Filed as: NOVAK FRANCELLA

Service code 10 · EIN 61-1436956

Accounting

$11,582

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 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