Retirement plan

I.B.E.W. LOCAL UNION NO. 479 ANNUITY / 401(K) PLAN

Name: TRUSTEES OF I.B.E.W. LOCAL UNION NO 479 ANNUITY 401K PLAN - I.B.E.W. LOCAL UNION NO. 479 ANNUITY / 401(K) PLAN (2016) Form 5500
Creator: TRUSTEES OF I.B.E.W. LOCAL UNION NO 479 ANNUITY 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL UNION NO. 479 ANNUITY / 401(K) PLAN, TRUSTEES OF I.B.E.W. LOCAL UNION NO 479 ANNUITY 401K PLAN

TRUSTEES OF I.B.E.W. LOCAL UNION NO 479 ANNUITY 401K PLANEIN 20-3824733Plan #001PY 2016

1430 SPINDLETOP ROAD - BEAUMONT, TX 77705409-212-1215

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$52.5M

+3.5% from 2015

Total participants

1,619

-6.7% from 2015

Average account balance

$32,405

+10.9% from 2015

Annual return

5.06%

+2.88 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.45M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

1,704

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

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL INSURANCE CO. Service code 14 · EIN 22-1211670 30 SCRANTON OFFICE PARK · SCRANTON, PA 18507	Plan Administrator	$135,574
TAMMY GRAVES2+ years Service code 14 1430 SPINDLETOP ROAD · BEAUMONT, TX 77705	Plan Administrator	$32,035
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 100012402	Advisory (Plan)	$25,000
BENEFIT RESOURCES, INC.1 year Service code 15 8441 GULF FREEWAY · HOUSTON, TX 77017	Recordkeeping	$21,600
EDWARDS AND LEATHERS, P.C.2+ years Service code 10 · EIN 20-8739519 4500 MAIN ST · BAYTOWN, TX 77521	Accounting	$15,468
THE SEGAL COMPANY2+ years Filed as: SEGAL COMPANY Service code 11 · EIN 94-1503999 7900 NORTH SAM HOUSTON PARKWAY · HOUSTON, TX 77064	Actuarial	$12,000

Plan features & details

Pension benefit codes2H2J2G

Plan features

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$275K

$201 / participant

Investment mgmt$161K58.4%
Other / not subdivided$114K41.6%

% of EOY assets

0.524%

all-in expense ratio

Categories reported

1 / 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: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,405

$54,392-40.4%

$84,753-61.8%

$63,975-49.3%

Participation rate

100.0%

76.9%+23.1pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

5.06%

611.38%-606.3pp

22.78%-17.7pp

48.65%-43.6pp

Employer contribution / active EE

$1,447

$2,943-50.8%

$3,574-59.5%

$2,182-33.7%

Participant deferral / active EE

$514

$2,593-80.2%

$3,712-86.2%

$3,356-84.7%

Admin fee / account holder

$170

$136+25.1%

$5,333-96.8%

$70+141.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL INSURANCE CO.

Service code 14 · EIN 22-1211670

30 SCRANTON OFFICE PARK · SCRANTON, PA 18507

Plan Administrator

$135,574

TAMMY GRAVES2+ years

Service code 14

1430 SPINDLETOP ROAD · BEAUMONT, TX 77705

Plan Administrator

$32,035

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 100012402

Advisory (Plan)

$25,000

BENEFIT RESOURCES, INC.1 year

Service code 15

8441 GULF FREEWAY · HOUSTON, TX 77017

Recordkeeping

$21,600

EDWARDS AND LEATHERS, P.C.2+ years

Service code 10 · EIN 20-8739519

4500 MAIN ST · BAYTOWN, TX 77521

Accounting

$15,468

THE SEGAL COMPANY2+ years

Filed as: SEGAL COMPANY

Service code 11 · EIN 94-1503999

7900 NORTH SAM HOUSTON PARKWAY · HOUSTON, TX 77064

Actuarial

$12,000

I.B.E.W. LOCAL UNION NO. 479 ANNUITY / 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL UNION NO. 479 ANNUITY / 401(K) 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