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 (2022) 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 2022

1480 SPINDLETOP ROAD - BEAUMONT, TX 77705409-212-1215

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$58.6M

-19.2% from 2021

Total participants

1,586

+2.1% from 2021

Average account balance

$36,917

-20.9% from 2021

Annual return

-15.31%

-26.63 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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	$264,133
BENEFIT RESOURCES, INC.7 years Service code 15 · EIN 76-0560942 8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017	Recordkeeping	$30,380
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$30,000
TAMMY GRAVES8+ years Service code 14 1480 SPINDLETOP ROAD · BEAUMONT, TX 77705	Plan Administrator	$26,539
EDWARDS AND LEATHERS, P.C.8+ years Service code 10 · EIN 20-8739519 4500 MAIN ST. STE C · BAYTOWN, TX 77521	Accounting	$18,172
THE SEGAL COMPANY4 years Filed as: THE SEGAL CO. Service code 11 · EIN 94-1503999 5057 KELLER SPRINGS ROAD SUITE 110 · ADDISON, TX 75001	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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$402K

$338 / participant

Investment mgmt$294K73.2%
Other / not subdivided$108K26.8%

% of EOY assets

0.687%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,917

$76,774-51.9%

$112,249-67.1%

$77,906-52.6%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-15.31%

-10.25%-5.1pp

27.48%-42.8pp

12.16%-27.5pp

Employer contribution / active EE

$1,833

$3,977-53.9%

$3,636-49.6%

$2,846-35.6%

Participant deferral / active EE

$543

$3,778-85.6%

$4,729-88.5%

$4,805-88.7%

Admin fee / account holder

$253

$239+6.1%

$6,412-96.0%

$133+91.2%

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

$264,133

BENEFIT RESOURCES, INC.7 years

Service code 15 · EIN 76-0560942

8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017

Recordkeeping

$30,380

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$30,000

TAMMY GRAVES8+ years

Service code 14

1480 SPINDLETOP ROAD · BEAUMONT, TX 77705

Plan Administrator

$26,539

EDWARDS AND LEATHERS, P.C.8+ years

Service code 10 · EIN 20-8739519

4500 MAIN ST. STE C · BAYTOWN, TX 77521

Accounting

$18,172

THE SEGAL COMPANY4 years

Filed as: THE SEGAL CO.

Service code 11 · EIN 94-1503999

5057 KELLER SPRINGS ROAD SUITE 110 · ADDISON, TX 75001

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