Retirement plan

LOCAL UNION NO. 90 I.B.E.W. ANNUITY PLAN

Name: BOARD OF TRUSTEES I.B.E.W. LOCAL UNION NO. 90 ANNUITY FUND - LOCAL UNION NO. 90 I.B.E.W. ANNUITY PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES I.B.E.W. LOCAL UNION NO. 90 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL UNION NO. 90 I.B.E.W. ANNUITY PLAN, BOARD OF TRUSTEES I.B.E.W. LOCAL UNION NO. 90 ANNUITY FUND

BOARD OF TRUSTEES I.B.E.W. LOCAL UNION NO. 90 ANNUITY FUNDEIN 06-6284210Plan #001PY 2017

10 TECHNOLOGY DRIVE, P.O. BOX 5817 - WALLINGFORD, CT 06492203-269-7741

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$58.2M

+11.6% from 2016

Total participants

651

0.0% from 2016

Average account balance

$89,352

+11.6% from 2016

Annual return

9.76%

+4.75 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

$96.19M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

738

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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
ZENITH AMERICAN SOLUTIONS1 year Service code 13 · EIN 52-1590516 P.O. BOX 5817 · WALLINGFORD, CT 06492	Contract Administrator	$42,600
ROBERT CHEVERIE1 year Filed as: ROBERT M. CHEVERIE & ASSOCIATES P.C Service code 10 · EIN 06-1335139 333 EAST RIVER DRIVE, SUITE 101 · EAST HARTFORD, CT 06108	Accounting	$24,000
BEERS, HAMERMAN, COHEN & BURGER, PC3+ years Filed as: BEERS HAMERMAN COHEN & BURGER PC Service code 10 · EIN 47-2517893 234 CHURCH STREET · NEW HAVEN, CT 06535	Accounting	$15,400
THE SEGAL COMPANY3+ years Service code 10 · EIN 13-1835864 116 HUNTINGTON AVE, 8TH FLOOR · BOSTON, MA 02116	Accounting	$10,632
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 100012402	Advisory (Plan)	$9,000
BUCKLEY, FRAME, BOUDREAU & CO., P.C1 year Filed as: BUCKLEY, FRAME, BOUDREAU & CO, P.C. Service code 10 · EIN 06-0931761 116 WASHINGTON AVENUE · NORTH HAVEN, CT 06473	Accounting	$6,014
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: PRUDENTIAL RETIREMENT INS & ANNUITY Service code 10 · EIN 06-1050034 280 TRUMBULL STREET · HARTFORD, CT 06103	Accounting	$5,291
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 51 · EIN 06-6284210 1295 STATE STREET · SPRINGFIELD, MA 01111	Investment Mgmt Fees	$450

Plan features & details

Pension benefit codes2E2G2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the 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

$153K

$237 / participant

Investment mgmt$11K7.4%
Contract admin$42K27.4%
Other / not subdivided$100K65.1%

% of EOY assets

0.263%

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: BEERS, HAMERMAN, COHEN & BURGER P.C
Auditor EIN: 472517893
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,352

$60,545+47.6%

$92,239-3.1%

$69,631+28.3%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

9.76%

19.71%-9.9pp

176.29%-166.5pp

27571.02%-27561.3pp

Employer contribution / active EE

$5,622

$2,633+113.5%

$3,680+52.8%

$2,032+176.6%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$235

$145+62.5%

$5,194-95.5%

$110+113.0%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS1 year

Service code 13 · EIN 52-1590516

P.O. BOX 5817 · WALLINGFORD, CT 06492

Contract Administrator

$42,600

ROBERT CHEVERIE1 year

Filed as: ROBERT M. CHEVERIE & ASSOCIATES P.C

Service code 10 · EIN 06-1335139

333 EAST RIVER DRIVE, SUITE 101 · EAST HARTFORD, CT 06108

Accounting

$24,000

BEERS, HAMERMAN, COHEN & BURGER, PC3+ years

Filed as: BEERS HAMERMAN COHEN & BURGER PC

Service code 10 · EIN 47-2517893

234 CHURCH STREET · NEW HAVEN, CT 06535

Accounting

$15,400

THE SEGAL COMPANY3+ years

Service code 10 · EIN 13-1835864

116 HUNTINGTON AVE, 8TH FLOOR · BOSTON, MA 02116

Accounting

$10,632

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 100012402

Advisory (Plan)

$9,000

BUCKLEY, FRAME, BOUDREAU & CO., P.C1 year

Filed as: BUCKLEY, FRAME, BOUDREAU & CO, P.C.

Service code 10 · EIN 06-0931761

116 WASHINGTON AVENUE · NORTH HAVEN, CT 06473

Accounting

$6,014

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: PRUDENTIAL RETIREMENT INS & ANNUITY

Service code 10 · EIN 06-1050034

280 TRUMBULL STREET · HARTFORD, CT 06103

Accounting

$5,291

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 51 · EIN 06-6284210

1295 STATE STREET · SPRINGFIELD, MA 01111

Investment Mgmt Fees

$450

LOCAL UNION NO. 90 I.B.E.W. ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL UNION NO. 90 I.B.E.W. 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