Retirement plan

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED

Name: JOINT BOARD OF TRUSTEES, IBEW LOCAL UNION NO 5 & WESTERN PA CHAPTER NE - WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED (2017) Form 5500
Creator: JOINT BOARD OF TRUSTEES, IBEW LOCAL UNION NO 5 & WESTERN PA CHAPTER NE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED, JOINT BOARD OF TRUSTEES, IBEW LOCAL UNION NO 5 & WESTERN PA CHAPTER NE

JOINT BOARD OF TRUSTEES, IBEW LOCAL UNION NO 5 & WESTERN PA CHAPTER NEEIN 25-1368983Plan #002PY 2017

5 HOT METAL STREET, SUITE 301 - PITTSBURGH, PA 152032357412-432-1155

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$325.7M

-4.7% from 2016

Total participants

3,354

-4.0% from 2016

Average account balance

$97,119

-0.7% from 2016

Annual return

14.13%

-7.34 pp from 2016

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

$496.22M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

3,963

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

$29.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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 6 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.1 year Filed as: PNC Service code 25 · EIN 22-1146430	Directed Trustee	$176,210
CENTRAL DATA SERVICES3+ years Service code 13 · EIN 25-1352803	Contract Administrator	$152,450
SALTER & COMPANY, LLC2 years Service code 10 · EIN 20-8078757 4600 EAST-WEST HIGHWAY, SUITE 300 · BETHESDA, MD 208143415	Accounting	$34,823
THE BOGDAHN GROUP3+ years Service code 50 · EIN 59-3676225	Direct Payment	$32,000
TUCKER ARENSBERG3+ years Filed as: TUCKER ARENSBERG, PC Service code 29 · EIN 25-1425735	Legal	$5,256
MEYER, UNKOVIC & SCOTT1 year Filed as: MEYER, UNKOVIC, & SCOTT, LLP Service code 29 535 SMITHFIELD ST, SUITE 1300 · PITTSBURGH, PA 15222	Legal	$5,202

Plan features & details

Pension benefit codes2G2J2T

Plan features

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$453K

$140 / participant

Investment mgmt$176K38.9%
Contract admin$152K33.7%
Other / not subdivided$124K27.4%

% of EOY assets

0.139%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SALTER & COMPANY, LLC
Auditor EIN: 208078757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,119

$221,442-56.1%

$92,240+5.3%

$77,958+24.6%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

14.13%

15.65%-1.5pp

176.29%-162.2pp

20.87%-6.7pp

Employer contribution / active EE

$6,509

$3,226+101.8%

$3,680+76.9%

$2,310+181.7%

Participant deferral / active EE

$2,779-100.0%

$3,897-100.0%

$3,537-100.0%

Admin fee / account holder

$135

$210-35.6%

$5,194-97.4%

$97+38.6%

Provider

Service type

Compensation

PNC BANK, N.A.1 year

Filed as: PNC

Service code 25 · EIN 22-1146430

Directed Trustee

$176,210

CENTRAL DATA SERVICES3+ years

Service code 13 · EIN 25-1352803

Contract Administrator

$152,450

SALTER & COMPANY, LLC2 years

Service code 10 · EIN 20-8078757

4600 EAST-WEST HIGHWAY, SUITE 300 · BETHESDA, MD 208143415

Accounting

$34,823

THE BOGDAHN GROUP3+ years

Service code 50 · EIN 59-3676225

Direct Payment

$32,000

TUCKER ARENSBERG3+ years

Filed as: TUCKER ARENSBERG, PC

Service code 29 · EIN 25-1425735

Legal

$5,256

MEYER, UNKOVIC & SCOTT1 year

Filed as: MEYER, UNKOVIC, & SCOTT, LLP

Service code 29

535 SMITHFIELD ST, SUITE 1300 · PITTSBURGH, PA 15222

Legal

$5,202

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED

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