Retirement plan

IBEW LOCAL NO. 716 RETIREMENT PLAN

Name: BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 716 RETIREMENT TRUST FUND - IBEW LOCAL NO. 716 RETIREMENT PLAN (2015) Form 5500
Creator: BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 716 RETIREMENT TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL NO. 716 RETIREMENT PLAN, BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 716 RETIREMENT TRUST FUND

BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 716 RETIREMENT TRUST FUNDEIN 31-6620547Plan #001PY 2015

8441 GULF FREEWAY, SUITE 304 - HOUSTON, TX 77017713-643-9300

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$74.1M

No prior year

Total participants

5,892

No prior year

Average account balance

$12,569

No prior year

Annual return

1.94%

No prior year

Benchmarks

See 297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort297 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$131.61M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

6,109

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

$5.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL RETIREMENT Service code 13 · EIN 03-1050034 30 SCANTON OFFICE PARK · SCRANTON, PA 18507	Contract Administrator	$142,743
THE SEGAL COMPANY1+ years Filed as: SEGAL ROGERSCASEY Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 100012402	Advisory (Plan)	$48,000
THE SEGAL COMPANY1+ years Filed as: SEGAL CO Service code 16 · EIN 94-1503999 7900 NORTH SAM HOUSTON PARKWAY WEST · HOUSTON, TX 77064	Consulting	$19,325
NECA SE1+ years Service code 15 · EIN 74-1003971 2825 WILCREST · HOUSTON, TX 77042	Recordkeeping	$14,705
EDWARDS AND LEATHERS, P.C.1+ years Service code 10 · EIN 20-8739519 606 ROLLINGBROOK, SUITE 1J · BAYTOWN, TX 77522	Accounting	$13,126
PATRICK FLYNN1+ years Service code 29 · EIN 76-0040934 1225 N LOOP WEST STE 1000 · HOUSTON, TX 77008	Legal	$12,887
BENEFIT RESOURCES, INC.1+ years Filed as: BENEFIT RESOURCE, INC. Service code 14 8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017	Plan Administrator	$5,632

Plan features & details

Pension benefit codes2G2J2H

Plan features

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$279K

$61 / participant

Investment mgmt$209K74.9%
Contract admin$6K2.0%
Other / not subdivided$64K23.0%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,569

$55,516-77.4%

$75,784-83.4%

$59,188-78.8%

Participation rate

100.0%

73.6%+26.4pp

75.8%+24.2pp

69.4%+30.6pp

Annual return

1.94%

-1.89%+3.8pp

9.68%-7.7pp

5.51%-3.6pp

Employer contribution / active EE

$1,196

$2,604-54.1%

$3,323-64.0%

$2,098-43.0%

Participant deferral / active EE

$341

$2,599-86.9%

$3,652-90.7%

$3,265-89.5%

Admin fee / account holder

$47

$110-57.0%

$5,300-99.1%

$92-48.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL RETIREMENT

Service code 13 · EIN 03-1050034

30 SCANTON OFFICE PARK · SCRANTON, PA 18507

Contract Administrator

$142,743

THE SEGAL COMPANY1+ years

Filed as: SEGAL ROGERSCASEY

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 100012402

Advisory (Plan)

$48,000

THE SEGAL COMPANY1+ years

Filed as: SEGAL CO

Service code 16 · EIN 94-1503999

7900 NORTH SAM HOUSTON PARKWAY WEST · HOUSTON, TX 77064

Consulting

$19,325

NECA SE1+ years

Service code 15 · EIN 74-1003971

2825 WILCREST · HOUSTON, TX 77042

Recordkeeping

$14,705

EDWARDS AND LEATHERS, P.C.1+ years

Service code 10 · EIN 20-8739519

606 ROLLINGBROOK, SUITE 1J · BAYTOWN, TX 77522

Accounting

$13,126

PATRICK FLYNN1+ years

Service code 29 · EIN 76-0040934

1225 N LOOP WEST STE 1000 · HOUSTON, TX 77008

Legal

$12,887

BENEFIT RESOURCES, INC.1+ years

Filed as: BENEFIT RESOURCE, INC.

Service code 14

8441 GULF FREEWAY, SUITE 304 · HOUSTON, TX 77017

Plan Administrator

$5,632

IBEW LOCAL NO. 716 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL NO. 716 RETIREMENT 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