Retirement plan

IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN

Name: IBEW LOCAL UNION 668 - IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN (2017) Form 5500
Creator: IBEW LOCAL UNION 668
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN, IBEW LOCAL UNION 668

IBEW LOCAL UNION 668EIN 31-1252733Plan #002PY 2017

2535 S. 30TH ST., SUITE ONE - LAFAYETTE, IN 479052786765-474-1021LinkedIn201-500 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$40.7M

+16.9% from 2016

Total participants

490

+1.7% from 2016

Average account balance

$82,960

+15.0% from 2016

Annual return

14.68%

+14.09 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.01M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

1,292

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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
HEALTHSCOPE BENEFITS2+ years Filed as: HEALTHSCOPE BENEFITS, INC. Service code 12 · EIN 71-0847266	Contract Administrator; Recordkeeping...	$22,170
THE BOGDAHN GROUP2+ years Filed as: BOGDAHN CONSULTING, LLC Service code 27 · EIN 59-3676225	Advisory (Plan)	$17,500
THIEME & ADAIR, CPAS2+ years Service code 10 · EIN 35-1929868	Accounting	$8,070

Plan features & details

Pension benefit codes2A2C2F2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$68K

$183 / participant

Investment mgmt$18K25.9%
Contract admin$22K32.8%
Other / not subdivided$28K41.3%

% of EOY assets

0.166%

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: THIEME & ADAIR CPAS
Auditor EIN: 351929868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,960

$60,545+37.0%

$92,240-10.1%

$69,631+19.1%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

14.68%

19.71%-5.0pp

176.29%-161.6pp

27571.02%-27556.3pp

Employer contribution / active EE

$5,805

$2,633+120.4%

$3,680+57.8%

$2,032+185.6%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$138

$145-4.7%

$5,194-97.3%

$110+24.9%

Provider

Service type

Compensation

HEALTHSCOPE BENEFITS2+ years

Filed as: HEALTHSCOPE BENEFITS, INC.

Service code 12 · EIN 71-0847266

Contract Administrator; Recordkeeping...

$22,170

THE BOGDAHN GROUP2+ years

Filed as: BOGDAHN CONSULTING, LLC

Service code 27 · EIN 59-3676225

Advisory (Plan)

$17,500

THIEME & ADAIR, CPAS2+ years

Service code 10 · EIN 35-1929868

Accounting

$8,070

IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION 668 EMPLOYEES PENSION 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