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 (2024) 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 2024

2 GATEWAY CENTER, 603 STANWIX ST., STE. 1500 - PITTSBURGH, PA 152221024397-264-2058

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$12M

+10.1% from 2023

Total participants

180

+0.6% from 2023

Average account balance

$66,825

+9.5% from 2023

Annual return

16.12%

+2.41 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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 3 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS7 years Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 12 · EIN 52-1590516	Direct payment from the plan; Claims ...	$46,427
CLARK, SCHAEFER, HACKETT & CO.2 years Service code 10 · EIN 31-0800053	Accounting	$14,200
ASCENSUS LLC2 years Filed as: LEDBETTER PARISI, LLC Service code 29 · EIN 03-0599899	Legal	$7,660

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

$80K

$504 / participant

Investment mgmt$6K7.2%
Legal$8K9.6%
Contract admin$45K56.6%
Other / not subdivided$21K26.6%

% of EOY assets

0.666%

all-in expense ratio

Categories reported

3 / 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: $14,410
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,825

$80,763-17.3%

$102,412-34.7%

$74,459-10.3%

Participation rate

100.0%

65.7%+34.3pp

74.5%+25.5pp

67.2%+32.8pp

Annual return

16.12%

27.57%-11.5pp

24.94%-8.8pp

1369.70%-1353.6pp

Employer contribution / active EE

$3,160-100.0%

$3,870-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,149

$3,862+7.4%

$5,060-18.0%

$4,350-4.6%

Admin fee / account holder

$445

$2,371-81.2%

$8,388-94.7%

$1,945-77.1%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS7 years

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 12 · EIN 52-1590516

Direct payment from the plan; Claims ...

$46,427

CLARK, SCHAEFER, HACKETT & CO.2 years

Service code 10 · EIN 31-0800053

Accounting

$14,200

ASCENSUS LLC2 years

Filed as: LEDBETTER PARISI, LLC

Service code 29 · EIN 03-0599899

Legal

$7,660

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