Retirement plan

IBEW LOCAL UNION NO. 60 401(K) PLAN

Name: IBEW LOCAL UNION NO. 60 - IBEW LOCAL UNION NO. 60 401(K) PLAN (2017) 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 2017

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)

$18.3M

+34.9% from 2016

Total participants

1,657

+4.1% from 2016

Average account balance

$13,234

+31.1% from 2016

Annual return

17.85%

+11.27 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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 10 of 13 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS FINANCIAL SERVICES INS AGENCY I Service code 53 · EIN 51-0120742	Insurance Commissions	$38,895
HARPER & PEARSON COMPANY, P.C.3+ years Service code 10 · EIN 74-1695589	Accounting	$20,045
HARPER & PEARSON COMPANY, P.C.1 year Filed as: HARPER & PEARSON COMPANY PC Service code 10 · EIN 74-1695589	Accounting	$13,024
ZENITH AMERICAN SOLUTIONS2 years Service code 14 · EIN 52-1590513	Plan Administrator	$10,753
CONNER & WINTERS1 year Filed as: CONNER AND WINTERS, LLP Service code 29 · EIN 73-1388566	Legal	$10,604
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,260
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
MANNING & NAPIER1 year Service code 52 · EIN 16-0995736	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3287965	Indirect Investment Fees	$0

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

$71K

$43 / participant

Contract admin$17K24.6%
Other / not subdivided$53K75.4%

% of EOY assets

0.386%

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 PC
Auditor EIN: 741695589
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,234

$221,442-94.0%

$92,240-85.7%

$77,958-83.0%

Participation rate

83.5%

79.6%+3.9pp

76.5%+7.0pp

71.6%+11.8pp

Annual return

17.85%

15.65%+2.2pp

176.29%-158.4pp

20.87%-3.0pp

Employer contribution / active EE

$1,176

$3,226-63.6%

$3,680-68.0%

$2,310-49.1%

Participant deferral / active EE

$673

$2,779-75.8%

$3,897-82.7%

$3,537-81.0%

Admin fee / account holder

$51

$210-75.6%

$5,194-99.0%

$97-47.5%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS FINANCIAL SERVICES INS AGENCY I

Service code 53 · EIN 51-0120742

Insurance Commissions

$38,895

HARPER & PEARSON COMPANY, P.C.3+ years

Service code 10 · EIN 74-1695589

Accounting

$20,045

HARPER & PEARSON COMPANY, P.C.1 year

Filed as: HARPER & PEARSON COMPANY PC

Service code 10 · EIN 74-1695589

Accounting

$13,024

ZENITH AMERICAN SOLUTIONS2 years

Service code 14 · EIN 52-1590513

Plan Administrator

$10,753

CONNER & WINTERS1 year

Filed as: CONNER AND WINTERS, LLP

Service code 29 · EIN 73-1388566

Legal

$10,604

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,260

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 56-0906609

Indirect Investment Fees

MANNING & NAPIER1 year

Service code 52 · EIN 16-0995736

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3287965

Indirect Investment Fees

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