Retirement plan

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN

Name: IBEW LOCAL 827 - INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN (2015) Form 5500
Creator: IBEW LOCAL 827
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN, IBEW LOCAL 827

IBEW LOCAL 827EIN 27-1722149Plan #023PY 2015

263 WARD STREET - EAST WINDSOR, NJ 08520609-443-4100

Other plans on this EIN

1 filing

#049Retirement-$90.2M assets

Prospect flagsHigh retiree %High feesFailed to transmit contributionsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$552.8M

-3.1% from 2016

Total participants

3,272

+3.2% from 2016

Average account balance

$168,963

-6.1% from 2016

Annual return

13.91%

+2.04 pp from 2016

Benchmarks

See 690 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$742.02M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

2,667

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

$3.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1324

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
PLANMEMBER SECURITIES CORPORATION1+ years Filed as: PLANMEMBER FINANCIAL SERVICES Service code 13 · EIN 13-3294363	Contract Administrator	$3,859,013
US BANK1+ years Service code 25 · EIN 41-6271370	Directed Trustee	$550,534
XEROX CORPORATION1+ years Filed as: ACS Service code 15 · EIN 04-3609848	Recordkeeping	$270,047
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK MELLON Service code 28 · EIN 52-1573723	Investment Management	$237,646
CHUBB1+ years Filed as: CHUBB INSURANCE Service code 22 · EIN 13-5634315	Insurance Broker	$58,608
CROWE LLP1+ years Filed as: CROWE HORWATH Service code 10 · EIN 35-0921680	Accounting	$45,150
LOWENSTEIN SANDLER LLP1+ years Filed as: LOWENSTEIN & SANDLER Service code 29 · EIN 22-2205010	Legal	$27,038
BYWORDS PRINTING1+ years Service code 49 · EIN 41-1600452	Other Services	$9,125

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

5 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$5.1M

$8689 / participant

Investment mgmt$238K4.7%
Contract admin$4M81.6%
Other / not subdivided$690K13.7%

% of EOY assets

0.915%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,963

$38,925+334.1%

$73,837+128.8%

$55,191+206.1%

Participation rate

100.0%

66.0%+34.0pp

73.4%+26.6pp

69.2%+30.8pp

Annual return

13.91%

6.31%+7.6pp

2268.13%-2254.2pp

10.78%+3.1pp

Employer contribution / active EE

$3,587

$1,695+111.7%

$2,788+28.7%

$1,899+88.9%

Participant deferral / active EE

$2,963

$2,351+26.0%

$3,583-17.3%

$3,046-2.7%

Admin fee / account holder

$1,546

$83+1765.3%

$4,882-68.3%

$91+1602.6%

Provider

Service type

Compensation

PLANMEMBER SECURITIES CORPORATION1+ years

Filed as: PLANMEMBER FINANCIAL SERVICES

Service code 13 · EIN 13-3294363

Contract Administrator

$3,859,013

US BANK1+ years

Service code 25 · EIN 41-6271370

Directed Trustee

$550,534

XEROX CORPORATION1+ years

Filed as: ACS

Service code 15 · EIN 04-3609848

Recordkeeping

$270,047

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF NEW YORK MELLON

Service code 28 · EIN 52-1573723

Investment Management

$237,646

CHUBB1+ years

Filed as: CHUBB INSURANCE

Service code 22 · EIN 13-5634315

Insurance Broker

$58,608

CROWE LLP1+ years

Filed as: CROWE HORWATH

Service code 10 · EIN 35-0921680

Accounting

$45,150

LOWENSTEIN SANDLER LLP1+ years

Filed as: LOWENSTEIN & SANDLER

Service code 29 · EIN 22-2205010

Legal

$27,038

BYWORDS PRINTING1+ years

Service code 49 · EIN 41-1600452

Other Services

$9,125

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY 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