Retirement plan

IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN

Name: IBEW LOCAL 683 BOARD OF TRUSTEES - IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN (2017) 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 2017

PO BOX 8010 - COLUMBUS, OH 432018010614-421-0600LinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$206.8M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$158.2M

-6.5% from 2016

Total participants

2,162

-1.2% from 2016

Average account balance

-5.3% from 2016

Annual return

10.93%

-5.38 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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 10 by compensation

Provider	Service type	Compensation
DANISON & ASSOCIATES2 years Filed as: DANISON & ASSOCIATES, INC. Service code 27 · EIN 31-1553547 2152 TREMONT CENTER · COLUMBUS, OH 432018010	Advisory (Plan)	$112,212
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENT INST.OPER.CO. Service code 64 · EIN 04-2647786 82 DEVONSHIRE STREET · BOSTON, MA 02109	Recordkeeping Fees	$100,068
IBEW LOCAL 683 FRINGE BENEFIT FUNDS3+ years Service code 14 · EIN 31-1449092 23 WEST SECOND AVENUE · COLUMBUS, OH 432018010	Plan Administrator	$74,910
EAGLE CAPITAL MANAGEMENT, LLC3+ years Filed as: EAGLE ASSET MANAGEMENT Service code 28 · EIN 59-2385219 880 CARILLON PARKWAY · ST PETERSBURG, FL 33733	Investment Management	$27,916
R.F. CHAPMAN2 years Service code 10 · EIN 31-1492960 PO BOX 895 · PORTSMOUTH, OH 456620895	Accounting	$25,905
ASB CAPITAL MANAGEMENT2 years Filed as: ASB CAPITAL Service code 19 · EIN 80-0618452 7501 WISCONSIN AVE · BETHESDA, MD 20814	Securities Custodian	$22,650
ALLOTTA FARLEY CO LPA2 years Filed as: ALLOTTA FARLEY CO, LPA Service code 29 · EIN 34-1316963 2222 CENTENNIAL ROAD · TOLEDO, OH 43617	Legal	$22,623
BODINE PERRY1 year Filed as: BODINE PERRY, LLC Service code 10 · EIN 41-2028444 3711 STARRS CENTRE DR. · CANFIELD, OH 44406	Accounting	$15,000
BENESYS, INC.2 years Filed as: UNITED ACTUARIAL SERVICES Service code 11 · EIN 35-2156428 11590 N MERIDIAN ST · CARMEL, IN 460324529	Actuarial	$7,000
JPMORGAN INVEST HOLDINGS LLC3+ years Filed as: CHEVY CHASE TRUST Service code 18 · EIN 52-2037618 7501 WISCONSIN SUITE 1500 · BETHESDA, MD 20814	Custodial (other than securities)	$5,036

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$321K

$151 / participant

Investment mgmt$168K52.3%
Contract admin$72K22.4%
Other / not subdivided$81K25.3%

% of EOY assets

0.203%

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: BODINE PERRY, LLC
Auditor EIN: 412028444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$221,442-100.0%

$92,240-100.0%

$77,958-100.0%

Participation rate

0.0%

79.6%-79.6pp

76.5%-76.5pp

71.6%-71.6pp

Annual return

10.93%

15.65%-4.7pp

176.29%-165.4pp

20.87%-9.9pp

Employer contribution / active EE

$2,636

$3,226-18.3%

$3,680-28.4%

$2,310+14.1%

Participant deferral / active EE

$2,779-100.0%

$3,897-100.0%

$3,537-100.0%

Admin fee / account holder

$210-100.0%

$5,194-100.0%

$97-100.0%

Provider

Service type

Compensation

DANISON & ASSOCIATES2 years

Filed as: DANISON & ASSOCIATES, INC.

Service code 27 · EIN 31-1553547

2152 TREMONT CENTER · COLUMBUS, OH 432018010

Advisory (Plan)

$112,212

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENT INST.OPER.CO.

Service code 64 · EIN 04-2647786

82 DEVONSHIRE STREET · BOSTON, MA 02109

Recordkeeping Fees

$100,068

IBEW LOCAL 683 FRINGE BENEFIT FUNDS3+ years

Service code 14 · EIN 31-1449092

23 WEST SECOND AVENUE · COLUMBUS, OH 432018010

Plan Administrator

$74,910

EAGLE CAPITAL MANAGEMENT, LLC3+ years

Filed as: EAGLE ASSET MANAGEMENT

Service code 28 · EIN 59-2385219

880 CARILLON PARKWAY · ST PETERSBURG, FL 33733

Investment Management

$27,916

R.F. CHAPMAN2 years

Service code 10 · EIN 31-1492960

PO BOX 895 · PORTSMOUTH, OH 456620895

Accounting

$25,905

ASB CAPITAL MANAGEMENT2 years

Filed as: ASB CAPITAL

Service code 19 · EIN 80-0618452

7501 WISCONSIN AVE · BETHESDA, MD 20814

Securities Custodian

$22,650

ALLOTTA FARLEY CO LPA2 years

Filed as: ALLOTTA FARLEY CO, LPA

Service code 29 · EIN 34-1316963

2222 CENTENNIAL ROAD · TOLEDO, OH 43617

Legal

$22,623

BODINE PERRY1 year

Filed as: BODINE PERRY, LLC

Service code 10 · EIN 41-2028444

3711 STARRS CENTRE DR. · CANFIELD, OH 44406

Accounting

$15,000

BENESYS, INC.2 years

Filed as: UNITED ACTUARIAL SERVICES

Service code 11 · EIN 35-2156428

11590 N MERIDIAN ST · CARMEL, IN 460324529

Actuarial

$7,000

JPMORGAN INVEST HOLDINGS LLC3+ years

Filed as: CHEVY CHASE TRUST

Service code 18 · EIN 52-2037618

7501 WISCONSIN SUITE 1500 · BETHESDA, MD 20814

Custodial (other than securities)

$5,036

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