Retirement plan

IBEW LOCAL UNION NO. 126 RETIREMENT PLAN

Name: TRUSTEES OF IBEW LOCAL UNION NO.126 RETIREMENT PLAN - IBEW LOCAL UNION NO. 126 RETIREMENT PLAN (2017) Form 5500
Creator: TRUSTEES OF IBEW LOCAL UNION NO.126 RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION NO. 126 RETIREMENT PLAN, TRUSTEES OF IBEW LOCAL UNION NO.126 RETIREMENT PLAN

TRUSTEES OF IBEW LOCAL UNION NO.126 RETIREMENT PLANEIN 23-2156093Plan #001PY 2017

3455 GERMANTOWN PIKE - COLLEGEVILLE, PA 194261503610-489-1185

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$337.1M

-16.6% from 2017

Total participants

4,358

+0.2% from 2017

Average account balance

$77,349

-16.7% from 2017

Annual return

13.22%

-13.06 pp from 2017

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.05B

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

6,762

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

$88.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 28 · EIN 13-3689044	Investment Management	$443,512
IBEW LOCAL UNION NO. 1262+ years Service code 14 · EIN 23-1302203	Plan Administrator	$88,080
CLEARY, JOSEM & TRIGIANI LLP2+ years Filed as: CLEARY & JOSEM Service code 29 · EIN 23-2657967	Legal	$30,954
NOVAK FRANCELLA LLC2+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$27,822
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES Service code 19 · EIN 13-2638166	Securities Custodian	$20,000
BENESYS, INC.2+ years Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC. Service code 15 · EIN 23-2182079	Recordkeeping	$6,314
J.A. MARIANO AGENCY2+ years Filed as: JA MARIANO AGENCY Service code 22 · EIN 13-4242774	Insurance Broker	$5,129
NATIONAL FINANCIAL SERVICES2+ years Service code 52 · EIN 04-3523567	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2G2J2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

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

$662K

$324 / participant

Investment mgmt$464K70.0%
Other / not subdivided$199K30.0%

% of EOY assets

0.197%

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: NOVAK FRANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,349

$221,442-65.1%

$92,240-16.1%

$77,958-0.8%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

13.22%

15.65%-2.4pp

176.29%-163.1pp

20.87%-7.6pp

Employer contribution / active EE

$16,133

$3,226+400.1%

$3,680+338.4%

$2,310+598.2%

Participant deferral / active EE

$298

$2,779-89.3%

$3,897-92.4%

$3,537-91.6%

Admin fee / account holder

$152

$210-27.5%

$5,194-97.1%

$97+56.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 28 · EIN 13-3689044

Investment Management

$443,512

IBEW LOCAL UNION NO. 1262+ years

Service code 14 · EIN 23-1302203

Plan Administrator

$88,080

CLEARY, JOSEM & TRIGIANI LLP2+ years

Filed as: CLEARY & JOSEM

Service code 29 · EIN 23-2657967

Legal

$30,954

NOVAK FRANCELLA LLC2+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$27,822

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES

Service code 19 · EIN 13-2638166

Securities Custodian

$20,000

BENESYS, INC.2+ years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC.

Service code 15 · EIN 23-2182079

Recordkeeping

$6,314

J.A. MARIANO AGENCY2+ years

Filed as: JA MARIANO AGENCY

Service code 22 · EIN 13-4242774

Insurance Broker

$5,129

NATIONAL FINANCIAL SERVICES2+ years

Service code 52 · EIN 04-3523567

Indirect Investment Fees

IBEW LOCAL UNION NO. 126 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION NO. 126 RETIREMENT 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