Retirement plan

IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN

Name: IBEW LOCAL UNION 668 - IBEW LOCAL UNION 668 EMPLOYEES PENSION PLAN (2024) 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 2024

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)

$85.4M

+23.9% from 2023

Total participants

1,261

+8.4% from 2023

Average account balance

$83,599

+28.6% from 2023

Annual return

22.20%

+20.71 pp from 2023

Benchmarks

See 561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort561 peers

Snapshot2024

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 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK RETIREMENT SERVICES Service code 19 · EIN 01-0233346	Securities Custodian	$106,317
UMR1 year Filed as: UMR, INC. Service code 14 · EIN 39-1995276 PO BOX 30546 · SALT LAKE CITY, UT 841300546	Plan Administrator	$23,400
ANDCO CONSULTING3 years Filed as: ANDCO CONSULTING, LLC Service code 28 · EIN 59-3676225	Investment Management	$17,500
L.M. HENDERSON & COMPANY, LLP1 year Filed as: L.M. HENDERSON & COMPANY, LLC Service code 10 · EIN 20-5520612	Accounting	$14,165
THOMPSON HINE2 years Filed as: THE THOMPSON GROUP Service code 23 · EIN 26-3554645	Direct payment from the plan; Insuran...	$6,586
JOHNSON & KROL, LLC3 years Service code 29 · EIN 36-4342024	Legal	$6,050

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

$187K

$149 / participant

Trustee / custodial$3670.2%
Investment mgmt$129K68.8%
Legal$6K3.2%
Other trustee fees$4K2.0%
Contract admin$23K12.5%
Other / not subdivided$25K13.3%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: L.M. HENDERSON & COMPANY, LLP
Auditor EIN: 205520612
Audit fees: $14,165
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,599

$241,450-65.4%

$103,378-19.1%

$199,874-58.2%

Participation rate

81.0%

78.4%+2.7pp

74.5%+6.5pp

72.0%+9.0pp

Annual return

22.20%

17.80%+4.4pp

24.91%-2.7pp

34.28%-12.1pp

Employer contribution / active EE

$3,951

$4,250-7.0%

$3,870+2.1%

$3,036+30.1%

Participant deferral / active EE

$3,962-100.0%

$5,058-100.0%

$5,090-100.0%

Admin fee / account holder

$183

$288-36.2%

$8,401-97.8%

$269-31.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK RETIREMENT SERVICES

Service code 19 · EIN 01-0233346

Securities Custodian

$106,317

UMR1 year

Filed as: UMR, INC.

Service code 14 · EIN 39-1995276

PO BOX 30546 · SALT LAKE CITY, UT 841300546

Plan Administrator

$23,400

ANDCO CONSULTING3 years

Filed as: ANDCO CONSULTING, LLC

Service code 28 · EIN 59-3676225

Investment Management

$17,500

L.M. HENDERSON & COMPANY, LLP1 year

Filed as: L.M. HENDERSON & COMPANY, LLC

Service code 10 · EIN 20-5520612

Accounting

$14,165

THOMPSON HINE2 years

Filed as: THE THOMPSON GROUP

Service code 23 · EIN 26-3554645

Direct payment from the plan; Insuran...

$6,586

JOHNSON & KROL, LLC3 years

Service code 29 · EIN 36-4342024

Legal

$6,050

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