Retirement plan

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED COMPENSATION PLAN

Name: JOINT BOARD OF TRUSTEES, IBEW LOCAL UNION NO 5 & WESTERN PA CHAPTER NE - WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED COMPENSATION PLAN (2023) 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 COMPENSATION PLAN, 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$451.1M

-4.7% from 2016

Total participants

3,823

-4.0% from 2016

Average account balance

$117,987

-0.7% from 2016

Annual return

14.29%

-7.34 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 14 200 BERKELEY STREET · BOSTON, MA 02116	Plan Administrator	$343,327
CENTRAL DATA SERVICES9+ years Service code 13 · EIN 25-1352803	Contract Administrator	$203,447
ANDCO CONSULTING6 years Service code 50 · EIN 59-3676225	Direct Payment	$42,000
CALIBRE CPA GROUP PLLC5 years Service code 10 · EIN 47-0900880 7501 WISCONSIN AVENUE, SUITE 1200 W · BETHESDA, MD 20814	Accounting	$28,556
MEYER, UNKOVIC & SCOTT7 years Filed as: MEYER, UNKOVIC, & SCOTT, LLP Service code 29 535 SMITHFIELD ST, SUITE 1300 · PITTSBURGH, PA 15222	Legal	$11,114

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

$818K

$226 / participant

Recordkeeping$492K60.1%
Investment mgmt$42K5.1%
Legal$11K1.4%
Contract admin$203K24.9%
Other / not subdivided$69K8.5%

% of EOY assets

0.181%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: $28,556
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,987

$88,479+33.4%

$96,543+22.2%

$80,187+47.1%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

14.29%

22.53%-8.2pp

35.75%-21.5pp

40.40%-26.1pp

Employer contribution / active EE

$7,750

$4,177+85.5%

$3,741+107.2%

$2,980+160.1%

Participant deferral / active EE

$3,961-100.0%

$4,880-100.0%

$5,016-100.0%

Admin fee / account holder

$214

$211+1.1%

$6,737-96.8%

$145+47.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 14

200 BERKELEY STREET · BOSTON, MA 02116

Plan Administrator

$343,327

CENTRAL DATA SERVICES9+ years

Service code 13 · EIN 25-1352803

Contract Administrator

$203,447

ANDCO CONSULTING6 years

Service code 50 · EIN 59-3676225

Direct Payment

$42,000

CALIBRE CPA GROUP PLLC5 years

Service code 10 · EIN 47-0900880

7501 WISCONSIN AVENUE, SUITE 1200 W · BETHESDA, MD 20814

Accounting

$28,556

MEYER, UNKOVIC & SCOTT7 years

Filed as: MEYER, UNKOVIC, & SCOTT, LLP

Service code 29

535 SMITHFIELD ST, SUITE 1300 · PITTSBURGH, PA 15222

Legal

$11,114

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED COMPENSATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES DEFERRED COMPENSATION 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