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 (2023) 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 2023

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$67.7M

+15.6% from 2022

Total participants

1,681

+6.0% from 2022

Average account balance

$40,271

+9.1% from 2022

Annual return

16.17%

+31.48 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL Service code 14 · EIN 06-1050034 30 SCRANTON OFFICE PARK · SCRANTON, PA 18507	Plan Administrator	$255,417
BENEFIT RESOURCES, INC.8 years Service code 15 · EIN 76-0560942 8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017	Recordkeeping	$44,352
THE SEGAL COMPANY5 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$30,000
EDWARDS AND LEATHERS, P.C.9+ years Service code 10 · EIN 20-8739519 PO BOX 860 · BAYTOWN, TX 77521	Accounting	$17,113
THE SEGAL COMPANY5 years Filed as: THE SEGAL CO. Service code 11 · EIN 94-1503999 901 MOPAC EXPRESSEAY SOUTH · AUSTIN, TX 78746	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

$388K

$301 / participant

Recordkeeping$50K12.9%
Investment mgmt$285K73.6%
Actuarial$12K3.1%
Salaries / allowances$9K2.4%
Other / not subdivided$31K8.0%

% of EOY assets

0.573%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EDWARDS & LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: $17,113
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,271

$88,479-54.5%

$96,520-58.3%

$80,149-49.8%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

16.17%

22.53%-6.4pp

35.72%-19.5pp

40.39%-24.2pp

Employer contribution / active EE

$1,768

$4,177-57.7%

$3,739-52.7%

$2,977-40.6%

Participant deferral / active EE

$427

$3,961-89.2%

$4,879-91.2%

$5,015-91.5%

Admin fee / account holder

$231

$211+9.1%

$6,733-96.6%

$145+59.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL

Service code 14 · EIN 06-1050034

30 SCRANTON OFFICE PARK · SCRANTON, PA 18507

Plan Administrator

$255,417

BENEFIT RESOURCES, INC.8 years

Service code 15 · EIN 76-0560942

8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017

Recordkeeping

$44,352

THE SEGAL COMPANY5 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$30,000

EDWARDS AND LEATHERS, P.C.9+ years

Service code 10 · EIN 20-8739519

PO BOX 860 · BAYTOWN, TX 77521

Accounting

$17,113

THE SEGAL COMPANY5 years

Filed as: THE SEGAL CO.

Service code 11 · EIN 94-1503999

901 MOPAC EXPRESSEAY SOUTH · AUSTIN, TX 78746

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