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 (2025) 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 2025

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1051.9M

-16.6% from 2017

Total participants

6,762

+0.2% from 2017

Average account balance

$155,558

-16.7% from 2017

Annual return

14.46%

-13.06 pp from 2017

Benchmarks

See 35 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort35 peers

Snapshot2025

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Claims processing; Sales loads (front...	$761,826
IBEW LOCAL UNION NO. 12610+ years Service code 14 · EIN 23-1302203	Plan Administrator	$234,085
NOVAK FRANCELLA LLC10+ years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$42,558
FOX ROTHSCHILD LLP3 years Filed as: FOX ROTHSCHILD, LLP Service code 29 · EIN 23-1404723	Legal	$36,655
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GRAYSTONE Service code 28 · EIN 26-4310632	Investment Management	$20,000
BRIDGEWAY BENEFIT TECHNOLOGIES3 years Service code 15 · EIN 52-1796473	Recordkeeping	$19,942
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$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

$1.2M

$181 / participant

Recordkeeping$11K0.9%
Trustee / custodial$3510.0%
Investment mgmt$782K66.2%
Legal$37K3.1%
Other trustee fees$8K0.6%
Other / not subdivided$343K29.0%

% of EOY assets

0.112%

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: $31,852
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,558

$95,216+63.4%

$150,734+3.2%

$95,216+63.4%

Participation rate

100.0%

86.5%+13.5pp

78.4%+21.6pp

86.5%+13.5pp

Annual return

14.46%

11.45%+3.0pp

600.81%-586.3pp

11.45%+3.0pp

Employer contribution / active EE

$13,286

$4,418+200.7%

$4,918+170.1%

$4,418+200.7%

Participant deferral / active EE

$292

$4,181-93.0%

$5,610-94.8%

$4,181-93.0%

Admin fee / account holder

$175

$189-7.7%

$14,905-98.8%

$189-7.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Claims processing; Sales loads (front...

$761,826

IBEW LOCAL UNION NO. 12610+ years

Service code 14 · EIN 23-1302203

Plan Administrator

$234,085

NOVAK FRANCELLA LLC10+ years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$42,558

FOX ROTHSCHILD LLP3 years

Filed as: FOX ROTHSCHILD, LLP

Service code 29 · EIN 23-1404723

Legal

$36,655

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY GRAYSTONE

Service code 28 · EIN 26-4310632

Investment Management

$20,000

BRIDGEWAY BENEFIT TECHNOLOGIES3 years

Service code 15 · EIN 52-1796473

Recordkeeping

$19,942

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

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