Retirement plan

IBEW LOCAL NO. 82 401 K PLAN

Name: IBEW LOCAL NO. 82 401 K PLAN - IBEW LOCAL NO. 82 401 K PLAN (2016) Form 5500
Creator: IBEW LOCAL NO. 82 401 K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL NO. 82 401 K PLAN, IBEW LOCAL NO. 82 401 K PLAN

IBEW LOCAL NO. 82 401 K PLANEIN 31-0329975Plan #003PY 2016

6550 POE AVENUE - DAYTON, OH 454142527937-264-2058

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.9M

No prior year

Total participants

145

No prior year

Average account balance

$61,185

No prior year

Annual return

0.26%

No prior year

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.57M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

188

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

$846K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$436

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 2 by compensation

Provider	Service type	Compensation
GEM GROUP1+ years Service code 27 · EIN 26-1603738 401 LIBERTY AVE. STE. 1200 · PITTSBURGH, PA 15222	Advisory (Plan)	$35,469
LUBLIN SUSSMAN GROUP LLP1+ years Filed as: LUBLIN SUSSMAN GROUP, LLP Service code 10 · EIN 34-1087273 3166 N. REPUBLIC BLVD · TOLEDO, OH 436151507	Accounting	$10,500

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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

$69K

$1010 / participant

Investment mgmt$4K5.3%
Contract admin$38K55.3%
Other / not subdivided$27K39.3%

% of EOY assets

0.774%

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: LUBLIN SUSSMAN GROUP, LLP
Auditor EIN: 341087273
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,185

$56,894+7.5%

$84,753-27.8%

$62,881-2.7%

Participation rate

100.0%

68.5%+31.5pp

76.6%+23.4pp

69.3%+30.7pp

Annual return

0.26%

6.30%-6.0pp

22.78%-22.5pp

20.14%-19.9pp

Employer contribution / active EE

$2,400-100.0%

$3,574-100.0%

$2,281-100.0%

Participant deferral / active EE

$7,227

$2,709+166.7%

$3,712+94.7%

$3,203+125.6%

Admin fee / account holder

$473

$3,581-86.8%

$5,333-91.1%

$4,296-89.0%

Provider

Service type

Compensation

GEM GROUP1+ years

Service code 27 · EIN 26-1603738

401 LIBERTY AVE. STE. 1200 · PITTSBURGH, PA 15222

Advisory (Plan)

$35,469

LUBLIN SUSSMAN GROUP LLP1+ years

Filed as: LUBLIN SUSSMAN GROUP, LLP

Service code 10 · EIN 34-1087273

3166 N. REPUBLIC BLVD · TOLEDO, OH 436151507

Accounting

$10,500

IBEW LOCAL NO. 82 401 K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL NO. 82 401 K 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