Retirement plan

DEFERRED SALARY PLAN OF THE ELECTRICAL INDUSTRY

Name: BOARD OF TRUSTEES OF THE DEFERRED SALARY PLAN OF THE ELECTRICAL IND - DEFERRED SALARY PLAN OF THE ELECTRICAL INDUSTRY (2016) Form 5500
Creator: BOARD OF TRUSTEES OF THE DEFERRED SALARY PLAN OF THE ELECTRICAL IND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEFERRED SALARY PLAN OF THE ELECTRICAL INDUSTRY, BOARD OF TRUSTEES OF THE DEFERRED SALARY PLAN OF THE ELECTRICAL IND

BOARD OF TRUSTEES OF THE DEFERRED SALARY PLAN OF THE ELECTRICAL INDEIN 11-2656063Plan #004PY 2016

158-11 HARRY VAN ARSDALE JR AVENUE - FLUSHING, NY 11365718-591-2000

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$5841.3M

-9.5% from 2016

Total participants

33,624

-0.8% from 2016

Average account balance

$173,725

-8.8% from 2016

Annual return

6.34%

-2.31 pp from 2016

Benchmarks

See 40 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort40 peers

Snapshot2016

Participant deferral / active EE

$6,047

median $1,841

100

Employer contribution / active EE

$16,072

median $1,969

Participation rate

100.0%

median 91.7%

Avg account balance

$173,725

median $40,286

Admin fee / account holder

$198

median $72

Annual return

6.34%

median 6.35%

Overall peer rank

59of 100

59th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$8.02B

Average account balance

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

$237K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

33,824

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Contributions (total)

Employer and participant dollars contributed each year

$489.88M

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.11%

Admin fee / account holder

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

$257

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
JOINT INDUSTRY BOARD2+ years Service code 14 · EIN 13-0891035	Plan Administrator	$1,403,580
RIDGEWORTH2+ years Filed as: SEIX INVESTMENTS Service code 28 · EIN 26-1483110	Investment Management	$782,603
BLACKROCK2+ years Filed as: BLACKROCK FINANCIAL MGMT., INC Service code 28 · EIN 13-3806691	Investment Management	$556,216
MORLEY CAPITAL MANAGEMENT2+ years Service code 28 · EIN 93-0849924	Investment Management	$485,963
ALLIANCE PENSION CONSULTANTS, LLC2+ years Filed as: ALLIANT INSURANCE SERVICES INC. Service code 23 · EIN 33-0785439	Insurance services; Direct payment fr...	$477,112
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT Service code 28 · EIN 22-2540245	Investment Management	$399,278
MERCER2+ years Filed as: MERCER HR SERVICES Service code 15 · EIN 13-2834414	Recordkeeping	$359,804
NEUBERGER BERMAN2+ years Filed as: NEUBERGER BERMAN FIXED INCOME Service code 28 · EIN 02-0654486	Investment Management	$163,933
MARCO CONSULTING GROUP2+ years Service code 28 · EIN 36-3555078	Investment Management	$133,275
STATE STREET GLOBAL ADVISORS2+ years Filed as: STATE STREET Service code 28 · EIN 04-1867445	Investment Management	$57,110

Plan features & details

Pension benefit codes2E2G2J2T

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.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6.7M

$248 / participant

Investment mgmt$3M38.7%
Contract admin$1M21.1%
Other / not subdivided$3M40.2%

% of EOY assets

0.114%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,725

$51,897+234.8%

$84,753+105.0%

$329,111-47.2%

Participation rate

100.0%

73.2%+26.8pp

76.6%+23.4pp

67.9%+32.1pp

Annual return

6.34%

11.82%-5.5pp

22.78%-16.4pp

16.35%-10.0pp

Employer contribution / active EE

$16,072

$3,022+431.8%

$3,574+349.6%

$2,303+597.7%

Participant deferral / active EE

$6,047

$2,346+157.8%

$3,712+62.9%

$3,682+64.2%

Admin fee / account holder

$198

$97+104.2%

$5,333-96.3%

$754-73.7%

Provider

Service type

Compensation

JOINT INDUSTRY BOARD2+ years

Service code 14 · EIN 13-0891035

Plan Administrator

$1,403,580

RIDGEWORTH2+ years

Filed as: SEIX INVESTMENTS

Service code 28 · EIN 26-1483110

Investment Management

$782,603

BLACKROCK2+ years

Filed as: BLACKROCK FINANCIAL MGMT., INC

Service code 28 · EIN 13-3806691

Investment Management

$556,216

MORLEY CAPITAL MANAGEMENT2+ years

Service code 28 · EIN 93-0849924

Investment Management

$485,963

ALLIANCE PENSION CONSULTANTS, LLC2+ years

Filed as: ALLIANT INSURANCE SERVICES INC.

Service code 23 · EIN 33-0785439

Insurance services; Direct payment fr...

$477,112

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT

Service code 28 · EIN 22-2540245

Investment Management

$399,278

MERCER2+ years

Filed as: MERCER HR SERVICES

Service code 15 · EIN 13-2834414

Recordkeeping

$359,804

NEUBERGER BERMAN2+ years

Filed as: NEUBERGER BERMAN FIXED INCOME

Service code 28 · EIN 02-0654486

Investment Management

$163,933

MARCO CONSULTING GROUP2+ years

Service code 28 · EIN 36-3555078

Investment Management

$133,275

STATE STREET GLOBAL ADVISORS2+ years

Filed as: STATE STREET

Service code 28 · EIN 04-1867445

Investment Management

$57,110

DEFERRED SALARY PLAN OF THE ELECTRICAL INDUSTRY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEFERRED SALARY PLAN OF THE ELECTRICAL INDUSTRY

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