Retirement plan

IBEW LOCAL UNION NO. 60 401(K) PLAN

Name: IBEW LOCAL UNION NO. 60 - IBEW LOCAL UNION NO. 60 401(K) PLAN (2021) 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 2021

3518 N LOOP 1604 E - SAN ANTONIO, TX 78247210-337-1741

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$45.2M

+28.7% from 2020

Total participants

2,624

+31.8% from 2020

Average account balance

$17,238

-2.3% from 2020

Annual return

14.20%

-0.51 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 9 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Service code 13 · EIN 06-1050034	Contract Administrator	$100,022
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$56,884
ZENITH AMERICAN SOLUTIONS2 years Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 10 · EIN 52-1590516	Accounting	$39,917
HARPER & PEARSON COMPANY, P.C.2 years Filed as: HARPER & PEARSON COMPANY Service code 10 · EIN 74-1695589	Accounting	$39,250
CONNER & WINTERS7+ years Service code 10 · EIN 73-1388566	Accounting	$36,253
IBEW LOCAL 60 PENSION PLAN1 year Service code 49 · EIN 74-1870479	Other Services	$9,964
SOUTHWEST SERVICE ADMINISTRATORS1 year Filed as: SOUTHWEST SERVICE ADMINISTRATORS, I Service code 14 · EIN 86-0785790	Plan Administrator	$7,292
ALLEN BATES TECHNOLOGIES1 year Filed as: ALLEN BATES TECHNOLOGIES INC Service code 49 · EIN 32-0102319	Other Services	$4,880
SAN ANTONIO ELECTRICAL VACATION & H1 year Service code 49 · EIN 74-1647406	Other Services	$311

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

$285K

$109 / participant

Investment mgmt$57K19.9%
Contract admin$47K16.5%
Other / not subdivided$181K63.5%

% of EOY assets

0.631%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,238

$88,770-80.6%

$109,188-84.2%

$93,010-81.5%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

14.20%

60.64%-46.4pp

25.76%-11.6pp

158.70%-144.5pp

Employer contribution / active EE

$1,801

$3,780-52.3%

$3,723-51.6%

$2,705-33.4%

Participant deferral / active EE

$684

$3,630-81.2%

$4,654-85.3%

$4,561-85.0%

Admin fee / account holder

$109

$172-36.9%

$6,755-98.4%

$152-28.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Service code 13 · EIN 06-1050034

Contract Administrator

$100,022

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$56,884

ZENITH AMERICAN SOLUTIONS2 years

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 10 · EIN 52-1590516

Accounting

$39,917

HARPER & PEARSON COMPANY, P.C.2 years

Filed as: HARPER & PEARSON COMPANY

Service code 10 · EIN 74-1695589

Accounting

$39,250

CONNER & WINTERS7+ years

Service code 10 · EIN 73-1388566

Accounting

$36,253

IBEW LOCAL 60 PENSION PLAN1 year

Service code 49 · EIN 74-1870479

Other Services

$9,964

SOUTHWEST SERVICE ADMINISTRATORS1 year

Filed as: SOUTHWEST SERVICE ADMINISTRATORS, I

Service code 14 · EIN 86-0785790

Plan Administrator

$7,292

ALLEN BATES TECHNOLOGIES1 year

Filed as: ALLEN BATES TECHNOLOGIES INC

Service code 49 · EIN 32-0102319

Other Services

$4,880

SAN ANTONIO ELECTRICAL VACATION & H1 year

Service code 49 · EIN 74-1647406

Other Services

$311

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