Retirement plan

I.B.E.W. LOCAL 540 SECURITY PLAN

Name: I.B.E.W. LOCAL NO. 540 SECURITY - I.B.E.W. LOCAL 540 SECURITY PLAN (2016) Form 5500
Creator: I.B.E.W. LOCAL NO. 540 SECURITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 540 SECURITY PLAN, I.B.E.W. LOCAL NO. 540 SECURITY

I.B.E.W. LOCAL NO. 540 SECURITYEIN 34-0225473Plan #003PY 2016

33 FITCH BOULEVARD - AUSTINTOWN, OH 44515330-758-3456

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$34.1M

+8.8% from 2015

Total participants

572

+2.1% from 2015

Average account balance

$60,645

+6.9% from 2015

Annual return

6.61%

+6.17 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$89.68M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

963

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

$5.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$334

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 5 by compensation

Provider	Service type	Compensation
FIRST MERIT2+ years Service code 15 · EIN 34-0220600	Recordkeeping	$118,400
MACALA & PIATT, LLC2+ years Filed as: MACALA & PIATT Service code 29 · EIN 34-1933033	Legal	$12,581
BENESYS, INC.2+ years Filed as: BENESYS INC. Service code 13 · EIN 38-2383171	Contract Administrator	$10,400
YURCHYK & DAVIS CPA'S, INC.2+ years Filed as: YURCHYK & DAVIS CPA'S, INC Service code 10 · EIN 34-1638235	Accounting	$7,600
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES INC. Service code 16 2055 CROCKER ROAD · WESTLAKE, OH 441452197	Consulting	$6,760

Plan features & details

Pension benefit codes2J2E2F2G

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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$168K

$376 / participant

Investment mgmt$80K47.8%
Contract admin$23K13.8%
Other / not subdivided$65K38.4%

% of EOY assets

0.492%

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: YURCHYK & DAVIS CPA'S, INC.
Auditor EIN: 341638235
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,645

$57,921+4.7%

$84,753-28.4%

$57,658+5.2%

Participation rate

98.0%

72.9%+25.0pp

76.6%+21.4pp

70.2%+27.8pp

Annual return

6.61%

10.24%-3.6pp

22.78%-16.2pp

5.13%+1.5pp

Employer contribution / active EE

$4,877

$2,598+87.7%

$3,574+36.4%

$1,974+147.1%

Participant deferral / active EE

$562

$2,742-79.5%

$3,712-84.9%

$3,061-81.7%

Admin fee / account holder

$298

$130+129.9%

$5,333-94.4%

$95+215.3%

Provider

Service type

Compensation

FIRST MERIT2+ years

Service code 15 · EIN 34-0220600

Recordkeeping

$118,400

MACALA & PIATT, LLC2+ years

Filed as: MACALA & PIATT

Service code 29 · EIN 34-1933033

Legal

$12,581

BENESYS, INC.2+ years

Filed as: BENESYS INC.

Service code 13 · EIN 38-2383171

Contract Administrator

$10,400

YURCHYK & DAVIS CPA'S, INC.2+ years

Filed as: YURCHYK & DAVIS CPA'S, INC

Service code 10 · EIN 34-1638235

Accounting

$7,600

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES INC.

Service code 16

2055 CROCKER ROAD · WESTLAKE, OH 441452197

Consulting

$6,760

I.B.E.W. LOCAL 540 SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 540 SECURITY 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