Retirement plan

IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN

Name: IBEW LOCAL 683 BOARD OF TRUSTEES - IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN (2024) Form 5500
Creator: IBEW LOCAL 683 BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN, IBEW LOCAL 683 BOARD OF TRUSTEES

IBEW LOCAL 683 BOARD OF TRUSTEESEIN 34-1442087Plan #002PY 2024

5735 ELIZABETH AVENUE - ST. LOUIS, MO 63110314-752-2330LinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$367.5M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$248.9M

-6.5% from 2016

Total participants

5,192

-1.2% from 2016

Average account balance

$58,728

-5.3% from 2016

Annual return

13.52%

-5.38 pp from 2016

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$248.95M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

4,239

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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 7 by compensation

Provider	Service type	Compensation
THE SEGAL COMPANY6 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110 1300 E NINTH, SUITE 1900 · CLEVELAND, OH 441141593	Advisory (Plan)	$75,000
IBEW-NECA SERVICE CENTER1 year Filed as: IBEW NECA SERVICE CENTER Service code 14 · EIN 43-0896804 5735 ELIZABETH AVENUE · ST LOUIS, MO 63110	Plan Administrator	$61,738
ALLOTTA FARLEY CO LPA9 years Filed as: ALLOTTA FARLEY CO, LPA Service code 29 · EIN 34-1316963 3240 LEVIS COMMONS BLVD · PERRYSBURG, OH 43551	Legal	$29,572
THE SEGAL COMPANY4 years Filed as: SEGAL SELECT INSURANCE Service code 22 · EIN 46-0614919 333 WEST 34TH STREET · NEW YORK, NY 100012402	Insurance Broker	$26,145
TIC INTERNATIONAL CORPORATION1 year Filed as: TIC MIDWEST Service code 14 · EIN 13-2600875 6525 CENTURION DRIVE · LANSING, MI 489179275	Plan Administrator	$25,361
DGPERRY, PLLC2 years Service code 10 · EIN 83-3033790 3711 STARRS CENTRE DRIVE · CANFIELD, OH 44406	Accounting	$24,517
FIDELITY INVESTMENTS INSTITUTIONAL9 years Filed as: FIDELITY INVESTMENT INST.OPER.CO. Service code 37 · EIN 04-2647786 82 DEVONSHIRE STREET · BOSTON, MA 02109	Loan Processing	$17,350

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$273K

$77 / participant

Investment mgmt$75K27.5%
Legal$30K10.8%
Other trustee fees$2K0.7%
Contract admin$106K38.8%
Other / not subdivided$61K22.2%

% of EOY assets

0.110%

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: 833033790
Audit fees: $24,517
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,728

$241,850-75.7%

$102,437-42.7%

$200,096-70.7%

Participation rate

73.1%

78.3%-5.3pp

74.5%-1.4pp

72.0%+1.1pp

Annual return

13.52%

17.67%-4.1pp

24.95%-11.4pp

34.26%-20.7pp

Employer contribution / active EE

$4,299

$4,253+1.1%

$3,871+11.1%

$3,038+41.5%

Participant deferral / active EE

$1,062

$3,961-73.2%

$5,060-79.0%

$5,090-79.1%

Admin fee / account holder

$64

$288-77.6%

$8,388-99.2%

$269-76.1%

Provider

Service type

Compensation

THE SEGAL COMPANY6 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

1300 E NINTH, SUITE 1900 · CLEVELAND, OH 441141593

Advisory (Plan)

$75,000

IBEW-NECA SERVICE CENTER1 year

Filed as: IBEW NECA SERVICE CENTER

Service code 14 · EIN 43-0896804

5735 ELIZABETH AVENUE · ST LOUIS, MO 63110

Plan Administrator

$61,738

ALLOTTA FARLEY CO LPA9 years

Filed as: ALLOTTA FARLEY CO, LPA

Service code 29 · EIN 34-1316963

3240 LEVIS COMMONS BLVD · PERRYSBURG, OH 43551

Legal

$29,572

THE SEGAL COMPANY4 years

Filed as: SEGAL SELECT INSURANCE

Service code 22 · EIN 46-0614919

333 WEST 34TH STREET · NEW YORK, NY 100012402

Insurance Broker

$26,145

TIC INTERNATIONAL CORPORATION1 year

Filed as: TIC MIDWEST

Service code 14 · EIN 13-2600875

6525 CENTURION DRIVE · LANSING, MI 489179275

Plan Administrator

$25,361

DGPERRY, PLLC2 years

Service code 10 · EIN 83-3033790

3711 STARRS CENTRE DRIVE · CANFIELD, OH 44406

Accounting

$24,517

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Filed as: FIDELITY INVESTMENT INST.OPER.CO.

Service code 37 · EIN 04-2647786

82 DEVONSHIRE STREET · BOSTON, MA 02109

Loan Processing

$17,350

IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 683 PROFIT SHARING ANNUITY 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