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 (2018) 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 2018

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$389.6M

-16.6% from 2017

Total participants

4,578

+0.2% from 2017

Average account balance

-16.7% from 2017

Annual return

9.18%

-13.06 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

$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 SOLUTIONS3+ years Service code 28 · EIN 13-3689044	Investment Management	$704,343
IBEW LOCAL UNION NO. 1263+ years Service code 14 · EIN 23-1302203	Plan Administrator	$131,544
NOVAK FRANCELLA LLC3+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$32,812
CLEARY, JOSEM & TRIGIANI LLP3+ years Filed as: CLEARY & JOSEM Service code 29 · EIN 23-2657967	Legal	$30,674
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS FINANCIAL SERVICES Service code 19 · EIN 13-2638166	Securities Custodian	$20,000
BENESYS, INC.3+ years Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC. Service code 15 · EIN 23-2182079	Recordkeeping	$7,148
J.A. MARIANO AGENCY3+ years Filed as: JA MARIANO AGENCY Service code 22	Insurance Broker	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$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

$974K

$353 / participant

Investment mgmt$724K74.4%
Other / not subdivided$249K25.6%

% of EOY assets

0.250%

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

$60,396-100.0%

$83,831-100.0%

$75,289-100.0%

Participation rate

0.0%

80.7%-80.7pp

76.1%-76.1pp

72.4%-72.4pp

Annual return

9.18%

3.84%+5.3pp

850.99%-841.8pp

-0.04%+9.2pp

Employer contribution / active EE

$14,554

$3,343+335.3%

$3,631+300.8%

$2,405+505.1%

Participant deferral / active EE

$285

$2,922-90.2%

$4,082-93.0%

$3,739-92.4%

Admin fee / account holder

$141-100.0%

$5,479-100.0%

$102-100.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 28 · EIN 13-3689044

Investment Management

$704,343

IBEW LOCAL UNION NO. 1263+ years

Service code 14 · EIN 23-1302203

Plan Administrator

$131,544

NOVAK FRANCELLA LLC3+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$32,812

CLEARY, JOSEM & TRIGIANI LLP3+ years

Filed as: CLEARY & JOSEM

Service code 29 · EIN 23-2657967

Legal

$30,674

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS FINANCIAL SERVICES

Service code 19 · EIN 13-2638166

Securities Custodian

$20,000

BENESYS, INC.3+ years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC.

Service code 15 · EIN 23-2182079

Recordkeeping

$7,148

J.A. MARIANO AGENCY3+ years

Filed as: JA MARIANO AGENCY

Service code 22

Insurance Broker

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

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