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 (2018) 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 2018

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

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$57.9M

-4.0% from 2017

Total participants

1,509

-2.1% from 2017

Average account balance

$38,369

-2.0% from 2017

Annual return

-5.90%

-21.90 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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 AND4+ years Filed as: PRUDENTIAL INSURANCE CO. Service code 14 · EIN 22-1211670 30 SCRANTON OFFICE PARK · SCRANTON, PA 18507	Plan Administrator	$216,344
TAMMY GRAVES4+ years Service code 14 1480 SPINDLETOP ROAD · BEAUMONT, TX 77705	Plan Administrator	$33,174
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$30,000
BENEFIT RESOURCES, INC.3 years Service code 15 8441 GULF FREEWAY · HOUSTON, TX 77017	Recordkeeping	$21,600
EDWARDS AND LEATHERS, P.C.4+ years Service code 10 · EIN 20-8739519 4500 MAIN ST · BAYTOWN, TX 77521	Accounting	$18,731
THE SEGAL COMPANY4+ 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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$367K

$273 / participant

Investment mgmt$246K67.2%
Other / not subdivided$120K32.8%

% of EOY assets

0.634%

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

$38,369

$60,396-36.5%

$83,830-54.2%

$75,289-49.0%

Participation rate

100.0%

80.7%+19.3pp

76.1%+23.9pp

72.4%+27.6pp

Annual return

-5.90%

3.84%-9.7pp

850.97%-856.9pp

-0.04%-5.9pp

Employer contribution / active EE

$1,771

$3,343-47.0%

$3,631-51.2%

$2,405-26.4%

Participant deferral / active EE

$560

$2,922-80.8%

$4,082-86.3%

$3,739-85.0%

Admin fee / account holder

$243

$141+72.1%

$5,479-95.6%

$102+137.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: PRUDENTIAL INSURANCE CO.

Service code 14 · EIN 22-1211670

30 SCRANTON OFFICE PARK · SCRANTON, PA 18507

Plan Administrator

$216,344

TAMMY GRAVES4+ years

Service code 14

1480 SPINDLETOP ROAD · BEAUMONT, TX 77705

Plan Administrator

$33,174

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$30,000

BENEFIT RESOURCES, INC.3 years

Service code 15

8441 GULF FREEWAY · HOUSTON, TX 77017

Recordkeeping

$21,600

EDWARDS AND LEATHERS, P.C.4+ years

Service code 10 · EIN 20-8739519

4500 MAIN ST · BAYTOWN, TX 77521

Accounting

$18,731

THE SEGAL COMPANY4+ 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