Retirement plan

IBEW LOCAL UNION NO. 60 401(K) PLAN

Name: IBEW LOCAL UNION NO. 60 - IBEW LOCAL UNION NO. 60 401(K) PLAN (2016) Form 5500
Creator: IBEW LOCAL UNION NO. 60
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION NO. 60 401(K) PLAN, IBEW LOCAL UNION NO. 60

IBEW LOCAL UNION NO. 60EIN 31-6632806Plan #001PY 2016

814 ARION PARKWAY, SUITE 120 - SAN ANTONIO, TX 78216210-337-1741

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$13.6M

+26.4% from 2015

Total participants

1,592

+3.7% from 2015

Average account balance

$10,096

+21.0% from 2015

Annual return

6.58%

+10.63 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$73.20M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

4,192

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES INS AGENCY I Service code 53 · EIN 51-0120742	Insurance Commissions	$30,511
CONNER & WINTERS2+ years Service code 29 · EIN 73-1388566	Legal	$7,702
ZENITH AMERICAN SOLUTIONS1 year Service code 14 · EIN 52-1590513	Plan Administrator	$7,277
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,580

Plan features & details

Pension benefit codes2E2J2F2G2T

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.
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

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

$42K

$26 / participant

Contract admin$16K37.9%
Other / not subdivided$26K62.1%

% of EOY assets

0.309%

all-in expense ratio

Categories reported

1 / 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: HARPER & PEARSON COMPANY
Auditor EIN: 741695539
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,096

$54,392-81.4%

$84,753-88.1%

$63,975-84.2%

Participation rate

84.4%

76.9%+7.6pp

76.6%+7.8pp

71.1%+13.3pp

Annual return

6.58%

611.38%-604.8pp

22.78%-16.2pp

48.65%-42.1pp

Employer contribution / active EE

$1,046

$2,943-64.5%

$3,574-70.7%

$2,182-52.1%

Participant deferral / active EE

$737

$2,593-71.6%

$3,712-80.1%

$3,356-78.0%

Admin fee / account holder

$31

$136-77.0%

$5,333-99.4%

$70-55.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES INS AGENCY I

Service code 53 · EIN 51-0120742

Insurance Commissions

$30,511

CONNER & WINTERS2+ years

Service code 29 · EIN 73-1388566

Legal

$7,702

ZENITH AMERICAN SOLUTIONS1 year

Service code 14 · EIN 52-1590513

Plan Administrator

$7,277

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,580

IBEW LOCAL UNION NO. 60 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION NO. 60 401(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