Retirement plan

I.B.E.W. LOCAL 1158 ANNUITY PLAN

Name: I.B.E.W. LOCAL 1158 - I.B.E.W. LOCAL 1158 ANNUITY PLAN (2024) Form 5500
Creator: I.B.E.W. LOCAL 1158
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 1158 ANNUITY PLAN, I.B.E.W. LOCAL 1158

I.B.E.W. LOCAL 1158EIN 22-0886457Plan #004PY 2024

1149 BLOOMFIELD AVENUE - CLIFTON, NJ 07012973-344-1800

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$11.6M

+16.7% from 2023

Total participants

641

+4.9% from 2023

Average account balance

$18,207

+11.2% from 2023

Annual return

9.14%

+1.73 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.58M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

636

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

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

+9.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 3 by compensation

Provider	Service type	Compensation
E.H. THOMSON & CO., INC.3 years Filed as: E.H, THOMSON & CO., INC. Service code 11 · EIN 22-2602083 800 THE PLAZA · SEA GIRT, NJ 08750	Actuarial	$25,962
ROSENBERG RICH BAKER BERMAN10+ years Filed as: ROSENBERG RICH BAKER BERMAN & CO., Service code 10 · EIN 22-3271252 265 DAVIDSON AVE. · SOMERSET, NJ 08873	Accounting	$21,500
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632 34 WEST 52ST · NEW YORK, NY 10019	Advisory (Plan)	$18,815

Plan features & details

Pension benefit codes2E2F2H2J2X3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$105K

$187 / participant

Investment mgmt$9K8.9%
Legal$30K28.1%
Actuarial$26K24.7%
Contract admin$19K17.9%
Other / not subdivided$22K20.4%

% of EOY assets

0.908%

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: ROSENBERG RICH BAKER BERMAN & CO.
Auditor EIN: 223271252
Audit fees: $21,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,207

$66,004-72.4%

$81,820-77.7%

$77,714-76.6%

Participation rate

99.1%

65.8%+33.3pp

72.4%+26.7pp

70.6%+28.5pp

Annual return

9.14%

26.65%-17.5pp

777.93%-768.8pp

31.26%-22.1pp

Employer contribution / active EE

$2,472

$2,375+4.1%

$2,915-15.2%

$2,727-9.3%

Participant deferral / active EE

$3,508-100.0%

$4,323-100.0%

$4,649-100.0%

Admin fee / account holder

$165

$527-68.6%

$7,391-97.8%

$433-61.8%

Provider

Service type

Compensation

E.H. THOMSON & CO., INC.3 years

Filed as: E.H, THOMSON & CO., INC.

Service code 11 · EIN 22-2602083

800 THE PLAZA · SEA GIRT, NJ 08750

Actuarial

$25,962

ROSENBERG RICH BAKER BERMAN10+ years

Filed as: ROSENBERG RICH BAKER BERMAN & CO.,

Service code 10 · EIN 22-3271252

265 DAVIDSON AVE. · SOMERSET, NJ 08873

Accounting

$21,500

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

34 WEST 52ST · NEW YORK, NY 10019

Advisory (Plan)

$18,815

I.B.E.W. LOCAL 1158 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 1158 ANNUITY 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