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 (2024) 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 2024

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$876.6M

-16.6% from 2017

Total participants

6,369

+0.2% from 2017

Average account balance

$137,636

-16.7% from 2017

Annual return

14.75%

-13.06 pp from 2017

Benchmarks

See 80 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort80 peers

Snapshot2024

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 SOLUTIONS9+ years Service code 12 · EIN 13-3689044	Claims processing; Investment managem...	$710,201
IBEW LOCAL UNION NO. 1269+ years Service code 14 · EIN 23-1302203	Plan Administrator	$192,059
NOVAK FRANCELLA LLC9+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$36,856
FOX ROTHSCHILD LLP2 years Filed as: FOX ROTHSCHILD, LLP Service code 29 · EIN 23-1404723	Legal	$29,688
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GRAYSTONE Service code 28 · EIN 26-4310632	Investment Management	$20,000
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 15 · EIN 52-1796473	Recordkeeping	$12,346
CLEARY, JOSEM & TRIGIANI LLP5 years Filed as: CLEARY , JOSEM & TRIGIANI LLP Service code 29 · EIN 23-2657967	Legal	$10,660
NATIONAL FINANCIAL SERVICES9+ 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

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

$1.1M

$170 / participant

Recordkeeping$9K0.8%
Trustee / custodial$4K0.3%
Investment mgmt$730K69.4%
Legal$40K3.8%
Other trustee fees$3K0.2%
Other / not subdivided$267K25.3%

% of EOY assets

0.120%

all-in expense ratio

Categories reported

5 / 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: $28,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,636

$86,936+58.3%

$102,437+34.4%

$99,313+38.6%

Participation rate

100.0%

81.7%+18.3pp

74.5%+25.5pp

71.7%+28.3pp

Annual return

14.75%

14.99%-0.2pp

24.95%-10.2pp

17.67%-2.9pp

Employer contribution / active EE

$12,357

$3,925+214.8%

$3,871+219.2%

$3,264+278.5%

Participant deferral / active EE

$297

$3,825-92.2%

$5,060-94.1%

$5,346-94.5%

Admin fee / account holder

$165

$140+17.7%

$8,388-98.0%

$109+51.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Service code 12 · EIN 13-3689044

Claims processing; Investment managem...

$710,201

IBEW LOCAL UNION NO. 1269+ years

Service code 14 · EIN 23-1302203

Plan Administrator

$192,059

NOVAK FRANCELLA LLC9+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$36,856

FOX ROTHSCHILD LLP2 years

Filed as: FOX ROTHSCHILD, LLP

Service code 29 · EIN 23-1404723

Legal

$29,688

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GRAYSTONE

Service code 28 · EIN 26-4310632

Investment Management

$20,000

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 15 · EIN 52-1796473

Recordkeeping

$12,346

CLEARY, JOSEM & TRIGIANI LLP5 years

Filed as: CLEARY , JOSEM & TRIGIANI LLP

Service code 29 · EIN 23-2657967

Legal

$10,660

NATIONAL FINANCIAL SERVICES9+ 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