Retirement plan

I.B.E.W. LOCAL 246 RETIREMENT PLAN

Name: I.B.E.W. LOCAL 246 RETIREMENT PLAN BOARD OF TRUSTEES - I.B.E.W. LOCAL 246 RETIREMENT PLAN (2025) Form 5500
Creator: I.B.E.W. LOCAL 246 RETIREMENT PLAN BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 246 RETIREMENT PLAN, I.B.E.W. LOCAL 246 RETIREMENT PLAN BOARD OF TRUSTEES

I.B.E.W. LOCAL 246 RETIREMENT PLAN BOARD OF TRUSTEESEIN 34-1302212Plan #003PY 2025

5 HOT METAL STREET, SUITE 200 - PITTSBURGH, PA 15203412-432-1143

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.2M

+3.4% from 2024

Total participants

792

+9.8% from 2024

Average account balance

$36,917

-5.9% from 2024

Annual return

7.50%

+0.15 pp from 2024

Benchmarks

See 427 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort427 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.24M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

792

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

$1.56M

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

+7.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
MANNING & NAPIER1 year Filed as: MANNING AND NAPIER ADVISORS,LLC Service code 28 · EIN 45-3328488 290 WOODCLIFF DRIVE · FAIRPORT, NY 14450	Investment Management	$148,918
THE HORTON GROUP1 year Service code 16 · EIN 36-3672171 10320 ORLAND PARKWAY · ORLAND PARK, IL 60467	Consulting	$21,469
BENESYS, INC.3 years Filed as: BENESYS Service code 14 · EIN 38-2383171 3660 STUTZ DRIVE STE 101 · CANFIELD, OH 44406	Plan Administrator	$20,158
DGPERRY, PLLC3 years Filed as: DGPERRY Service code 10 · EIN 83-3033790 3711 STARRS CENTRE DR · CANFIELD, OH 44406	Accounting	$16,500
MACALA & PIATT, LLC10+ years Filed as: MACALA & PIATT LLC Service code 29 · EIN 34-1933033 601 SOUTH MAIN STREET · NORTH CANTON, OH 44720	Legal	$16,281
FIFTH THIRD BANK RETIREMENT SERVICE10+ years Filed as: FIFTH THIRD BANK Service code 19 · EIN 31-1051736 1 SOUTH MAIN STREET · DAYTON, OH 45403	Securities Custodian	$13,275

Plan features & details

Pension benefit codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$252K

$958 / participant

Investment mgmt$162K64.4%
Legal$16K6.5%
Other trustee fees$8K3.0%
Contract admin$20K7.8%
Other / not subdivided$46K18.3%

% of EOY assets

0.861%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DGPERRY, PLLC
Auditor EIN: 833033970
Audit fees: $16,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,917

$92,224-60.0%

$105,223-64.9%

$79,634-53.6%

Participation rate

100.0%

69.2%+30.8pp

75.0%+25.0pp

62.5%+37.5pp

Annual return

7.50%

88.65%-81.1pp

180.65%-173.2pp

36.46%-29.0pp

Employer contribution / active EE

$5,923

$3,965+49.4%

$3,689+60.6%

$2,529+134.2%

Participant deferral / active EE

$3,834-100.0%

$5,072-100.0%

$3,835-100.0%

Admin fee / account holder

$318

$1,121-71.6%

$8,859-96.4%

$1,002-68.3%

Provider

Service type

Compensation

MANNING & NAPIER1 year

Filed as: MANNING AND NAPIER ADVISORS,LLC

Service code 28 · EIN 45-3328488

290 WOODCLIFF DRIVE · FAIRPORT, NY 14450

Investment Management

$148,918

THE HORTON GROUP1 year

Service code 16 · EIN 36-3672171

10320 ORLAND PARKWAY · ORLAND PARK, IL 60467

Consulting

$21,469

BENESYS, INC.3 years

Filed as: BENESYS

Service code 14 · EIN 38-2383171

3660 STUTZ DRIVE STE 101 · CANFIELD, OH 44406

Plan Administrator

$20,158

DGPERRY, PLLC3 years

Filed as: DGPERRY

Service code 10 · EIN 83-3033790

3711 STARRS CENTRE DR · CANFIELD, OH 44406

Accounting

$16,500

MACALA & PIATT, LLC10+ years

Filed as: MACALA & PIATT LLC

Service code 29 · EIN 34-1933033

601 SOUTH MAIN STREET · NORTH CANTON, OH 44720

Legal

$16,281

FIFTH THIRD BANK RETIREMENT SERVICE10+ years

Filed as: FIFTH THIRD BANK

Service code 19 · EIN 31-1051736

1 SOUTH MAIN STREET · DAYTON, OH 45403

Securities Custodian

$13,275

I.B.E.W. LOCAL 246 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 246 RETIREMENT 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