Retirement plan

IBEW LOCAL NO. 82 401 K PLAN

Name: IBEW LOCAL NO. 82 401 K PLAN ELECTRICAL WORKERS LOCAL NO. 82 - IBEW LOCAL NO. 82 401 K PLAN (2017) Form 5500
Creator: IBEW LOCAL NO. 82 401 K PLAN ELECTRICAL WORKERS LOCAL NO. 82
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 ELECTRICAL WORKERS LOCAL NO. 82

IBEW LOCAL NO. 82 401 K PLAN ELECTRICAL WORKERS LOCAL NO. 82EIN 31-0329975Plan #003PY 2017

THREE GATEWAY CENTER, 401 LIBERTY AVENUE, SUITE 1200 - PITTSBURGH, PA 152221024397-264-2058

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.3M

+4.6% from 2016

Total participants

153

+5.5% from 2016

Average account balance

$60,646

-0.9% from 2016

Annual return

12.91%

+12.65 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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 4 by compensation

Provider	Service type	Compensation
GEM GROUP2+ years Service code 27 · EIN 26-1603738	Advisory (Plan)	$35,372
ASCENSUS LLC1 year Filed as: LEDBETTER AND PARISI LLC Service code 29 · EIN 03-0599899	Legal	$13,829
LUBLIN SUSSMAN GROUP LLP2+ years Filed as: LUBLIN SUSSMAN GROUP, LLP Service code 10 · EIN 34-1087273	Accounting	$12,300
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 53 · EIN 46-0619194	Insurance Commissions	$632

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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$75K

$858 / participant

Investment mgmt$4K5.1%
Contract admin$39K51.2%
Other / not subdivided$33K43.7%

% of EOY assets

0.813%

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: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,646

$63,346-4.3%

$92,240-34.3%

$70,126-13.5%

Participation rate

100.0%

68.7%+31.3pp

76.5%+23.5pp

69.5%+30.5pp

Annual return

12.91%

530.19%-517.3pp

176.29%-163.4pp

73.15%-60.2pp

Employer contribution / active EE

$2,471-100.0%

$3,680-100.0%

$2,343-100.0%

Participant deferral / active EE

$4,556

$2,854+59.7%

$3,897+16.9%

$3,332+36.7%

Admin fee / account holder

$493

$3,841-87.2%

$5,194-90.5%

$4,645-89.4%

Provider

Service type

Compensation

GEM GROUP2+ years

Service code 27 · EIN 26-1603738

Advisory (Plan)

$35,372

ASCENSUS LLC1 year

Filed as: LEDBETTER AND PARISI LLC

Service code 29 · EIN 03-0599899

Legal

$13,829

LUBLIN SUSSMAN GROUP LLP2+ years

Filed as: LUBLIN SUSSMAN GROUP, LLP

Service code 10 · EIN 34-1087273

Accounting

$12,300

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 53 · EIN 46-0619194

Insurance Commissions

$632

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