Retirement plan

IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN

Name: IBEW LOCAL 683 BOARD OF TRUSTEES - IBEW LOCAL 683 PROFIT SHARING ANNUITY PLAN (2021) 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 2021

6525 CENTURION DRIVE - LANSING, MI 489179275844-683-0683LinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$289.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$211.1M

-6.5% from 2016

Total participants

2,853

-1.2% from 2016

Average account balance

$73,976

-5.3% from 2016

Annual return

12.61%

-5.38 pp from 2016

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

$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 9 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY INVESTMENT INST.OPER.CO. Service code 37 · EIN 04-2647786 82 DEVONSHIRE STREET · BOSTON, MA 02109	Loan Processing	$95,492
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2046110 1300 E NINTH, SUITE 1900 · CLEVELAND, OH 441141593	Advisory (Plan)	$75,000
TIC INTERNATIONAL CORPORATION3 years Filed as: TIC INTERNATIONAL Service code 14 · EIN 34-1442087 6525 CENTURION DRIVE · LANSING, MI 489179275	Plan Administrator	$73,800
BODINE PERRY1 year Filed as: BODINE PERRY, PLLC Service code 10 · EIN 83-3033790 3711 STARRS CENTRE DR. · CANFIELD, OH 44406	Accounting	$26,859
ASB CAPITAL MANAGEMENT6 years Filed as: ASB CAPITAL Service code 19 · EIN 80-0618452 7501 WISCONSIN AVE · BETHESDA, MD 20814	Securities Custodian	$25,806
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE Service code 23 · EIN 46-0614919 333 WEST 34TH ST 2ND FLR · NEW YORK, NY 10001	Direct payment from the plan; Insuran...	$21,311
ALLOTTA FARLEY CO LPA6 years Filed as: ALLOTTA FARLEY CO, LPA Service code 29 · EIN 34-1316963 3240 LEVIS BLVD · PERRYSBURG, OH 43551	Legal	$20,156
JPMORGAN INVEST HOLDINGS LLC7+ years Filed as: CHEVY CHASE TRUST Service code 18 · EIN 52-2037618 7501 WISCONSIN SUITE 1500 · BETHESDA, MD 20814	Investment management fees paid direc...	$12,651
BENESYS, INC.6 years Filed as: UNITED ACTUARIAL SERVICES Service code 11 · EIN 35-2156428 11590 N MERIDIAN ST · CARMEL, IN 460324529	Actuarial	$8,000

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$279K

$147 / participant

Investment mgmt$113K40.7%
Contract admin$74K26.5%
Other / not subdivided$92K32.9%

% of EOY assets

0.132%

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, PLLC
Auditor EIN: 833033790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,976

$88,770-16.7%

$109,191-32.3%

$93,010-20.5%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

12.61%

60.64%-48.0pp

25.76%-13.1pp

158.70%-146.1pp

Employer contribution / active EE

$4,442

$3,780+17.5%

$3,723+19.3%

$2,705+64.2%

Participant deferral / active EE

$3,630-100.0%

$4,653-100.0%

$4,561-100.0%

Admin fee / account holder

$98

$172-43.2%

$6,756-98.6%

$152-35.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY INVESTMENT INST.OPER.CO.

Service code 37 · EIN 04-2647786

82 DEVONSHIRE STREET · BOSTON, MA 02109

Loan Processing

$95,492

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2046110

1300 E NINTH, SUITE 1900 · CLEVELAND, OH 441141593

Advisory (Plan)

$75,000

TIC INTERNATIONAL CORPORATION3 years

Filed as: TIC INTERNATIONAL

Service code 14 · EIN 34-1442087

6525 CENTURION DRIVE · LANSING, MI 489179275

Plan Administrator

$73,800

BODINE PERRY1 year

Filed as: BODINE PERRY, PLLC

Service code 10 · EIN 83-3033790

3711 STARRS CENTRE DR. · CANFIELD, OH 44406

Accounting

$26,859

ASB CAPITAL MANAGEMENT6 years

Filed as: ASB CAPITAL

Service code 19 · EIN 80-0618452

7501 WISCONSIN AVE · BETHESDA, MD 20814

Securities Custodian

$25,806

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE

Service code 23 · EIN 46-0614919

333 WEST 34TH ST 2ND FLR · NEW YORK, NY 10001

Direct payment from the plan; Insuran...

$21,311

ALLOTTA FARLEY CO LPA6 years

Filed as: ALLOTTA FARLEY CO, LPA

Service code 29 · EIN 34-1316963

3240 LEVIS BLVD · PERRYSBURG, OH 43551

Legal

$20,156

JPMORGAN INVEST HOLDINGS LLC7+ years

Filed as: CHEVY CHASE TRUST

Service code 18 · EIN 52-2037618

7501 WISCONSIN SUITE 1500 · BETHESDA, MD 20814

Investment management fees paid direc...

$12,651

BENESYS, INC.6 years

Filed as: UNITED ACTUARIAL SERVICES

Service code 11 · EIN 35-2156428

11590 N MERIDIAN ST · CARMEL, IN 460324529

Actuarial

$8,000

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