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 (2019) 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 2019

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

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.1M

+1.7% from 2018

Total participants

181

+15.3% from 2018

Average account balance

$55,954

-11.8% from 2018

Annual return

5.98%

-4.51 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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
ZENITH AMERICAN SOLUTIONS2 years Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 12 · EIN 52-1590516	Claims processing; Direct payment fro...	$41,539
CLARK, SCHAEFER, HACKETT & CO.2 years Filed as: CLARK, SCHAEFER, HACKETT& CO. Service code 10 · EIN 31-0800053	Accounting	$12,600
ASCENSUS LLC3 years Filed as: LEDBETTER AND PARISI LLC Service code 29 · EIN 03-0599899	Legal	$7,788
THE SEGAL COMPANY3 years Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 53 · EIN 46-0619194	Insurance Commissions	$656

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

$75K

$557 / participant

Investment mgmt$7K8.9%
Contract admin$39K51.6%
Other / not subdivided$29K39.5%

% of EOY assets

0.737%

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

$55,954

$63,114-11.3%

$92,915-39.8%

$65,186-14.2%

Participation rate

100.0%

68.8%+31.2pp

76.0%+24.0pp

70.2%+29.8pp

Annual return

5.98%

28.75%-22.8pp

109.45%-103.5pp

29.39%-23.4pp

Employer contribution / active EE

$2,571-100.0%

$3,653-100.0%

$2,177-100.0%

Participant deferral / active EE

$3,713

$3,108+19.5%

$4,238-12.4%

$3,514+5.7%

Admin fee / account holder

$413

$624-33.8%

$5,796-92.9%

$847-51.3%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS2 years

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 12 · EIN 52-1590516

Claims processing; Direct payment fro...

$41,539

CLARK, SCHAEFER, HACKETT & CO.2 years

Filed as: CLARK, SCHAEFER, HACKETT& CO.

Service code 10 · EIN 31-0800053

Accounting

$12,600

ASCENSUS LLC3 years

Filed as: LEDBETTER AND PARISI LLC

Service code 29 · EIN 03-0599899

Legal

$7,788

THE SEGAL COMPANY3 years

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 53 · EIN 46-0619194

Insurance Commissions

$656

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