Retirement plan

IBEW LOCAL UNION NO. 60 401(K) PLAN

Name: IBEW LOCAL UNION NO. 60 - IBEW LOCAL UNION NO. 60 401(K) PLAN (2018) 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 2018

3518 NORTH LOOP 1604 - SAN ANTONIO, TX 78247210-337-1741

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$19.5M

+6.6% from 2017

Total participants

1,848

+11.5% from 2017

Average account balance

$12,741

-3.7% from 2017

Annual return

-6.90%

-24.75 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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 INC4+ years Filed as: UBS FINANCIAL SERVICES INS AGENCY I Service code 53 · EIN 51-0120742	Insurance Commissions	$31,008
ZENITH AMERICAN SOLUTIONS3 years Service code 14 · EIN 52-1590513	Plan Administrator	$29,136
CONNER & WINTERS2 years Filed as: CONNER AND WINTERS, LLP Service code 29 · EIN 73-1388566	Legal	$19,211
HARPER & PEARSON COMPANY, P.C.4+ years Service code 10 · EIN 74-1695589	Accounting	$18,839
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$8,090
CONNER & WINTERS1 year Filed as: CONNER AND WINTERS LLP Service code 29 · EIN 73-1388566	Legal	$5,545
CONNER & WINTERS1 year Filed as: CONNOR AND WINTERS, LLP Service code 29 · EIN 73-1388566	Legal	$5,079
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
MANNING & NAPIER2 years Service code 52 · EIN 16-1501064 290 WOODCLIFF DRIVE · FAIRPORT, NY 14450	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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$95K

$51 / participant

Contract admin$34K36.3%
Other / not subdivided$60K63.7%

% of EOY assets

0.484%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,741

$60,396-78.9%

$83,831-84.8%

$75,289-83.1%

Participation rate

82.9%

80.7%+2.2pp

76.1%+6.8pp

72.4%+10.5pp

Annual return

-6.90%

3.84%-10.7pp

850.99%-857.9pp

-0.04%-6.9pp

Employer contribution / active EE

$1,382

$3,343-58.7%

$3,631-61.9%

$2,405-42.5%

Participant deferral / active EE

$698

$2,922-76.1%

$4,082-82.9%

$3,739-81.3%

Admin fee / account holder

$62

$141-56.3%

$5,479-98.9%

$102-39.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES INS AGENCY I

Service code 53 · EIN 51-0120742

Insurance Commissions

$31,008

ZENITH AMERICAN SOLUTIONS3 years

Service code 14 · EIN 52-1590513

Plan Administrator

$29,136

CONNER & WINTERS2 years

Filed as: CONNER AND WINTERS, LLP

Service code 29 · EIN 73-1388566

Legal

$19,211

HARPER & PEARSON COMPANY, P.C.4+ years

Service code 10 · EIN 74-1695589

Accounting

$18,839

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$8,090

CONNER & WINTERS1 year

Filed as: CONNER AND WINTERS LLP

Service code 29 · EIN 73-1388566

Legal

$5,545

CONNER & WINTERS1 year

Filed as: CONNOR AND WINTERS, LLP

Service code 29 · EIN 73-1388566

Legal

$5,079

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

MANNING & NAPIER2 years

Service code 52 · EIN 16-1501064

290 WOODCLIFF DRIVE · FAIRPORT, NY 14450

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