Retirement plan

IBEW LOCAL 38 401(K) RETIREMENT PLAN

Name: IBEW LOCAL 38 401(K) RETIREMENT PL - IBEW LOCAL 38 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: IBEW LOCAL 38 401(K) RETIREMENT PL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 38 401(K) RETIREMENT PLAN, IBEW LOCAL 38 401(K) RETIREMENT PL

IBEW LOCAL 38 401(K) RETIREMENT PLEIN 34-1619944Plan #001PY 2016

3250 EUCLID AVENUE, ROOM 270 - CLEVELAND, OH 44115216-431-7738

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$106.4M

+5.9% from 2015

Total participants

2,326

-0.7% from 2015

Average account balance

$87,963

+5.2% from 2015

Annual return

7.39%

+8.05 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$168.33M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

2,350

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

$15.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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 5 by compensation

Provider	Service type	Compensation
MERCER2+ years Filed as: MERCER HR SERVICES, LLC Service code 15 · EIN 20-1932099	Recordkeeping	$272,195
IBEW LOCAL 38 FRINGE BENEFIT FUNDS2+ years Service code 13 · EIN 34-1381893	Contract Administrator	$86,701
MARCO CONSULTING GROUP2+ years Service code 27 · EIN 34-3555078	Advisory (Plan)	$40,735
ALOTTA, FARLEY & WIDMAN2+ years Service code 29 · EIN 34-1316963	Legal	$23,476
TRAMER SHORE & ZWICK2+ years Service code 10 · EIN 34-1595557	Accounting	$11,275

Plan features & details

Pension benefit codes2G2J

Plan features

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$178K

$81 / participant

Investment mgmt$41K22.9%
Contract admin$87K48.8%
Other / not subdivided$50K28.3%

% of EOY assets

0.167%

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: TRAMER SHORE AND ZWICK CPAS
Auditor EIN: 341595557
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,963

$54,392+61.7%

$84,753+3.8%

$63,975+37.5%

Participation rate

49.1%

76.9%-27.8pp

76.6%-27.5pp

71.1%-22.0pp

Annual return

7.39%

611.38%-604.0pp

22.78%-15.4pp

48.65%-41.3pp

Employer contribution / active EE

$2,943-100.0%

$3,574-100.0%

$2,182-100.0%

Participant deferral / active EE

$1,600

$2,593-38.3%

$3,712-56.9%

$3,356-52.3%

Admin fee / account holder

$147

$136+8.1%

$5,333-97.2%

$70+108.5%

Provider

Service type

Compensation

MERCER2+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15 · EIN 20-1932099

Recordkeeping

$272,195

IBEW LOCAL 38 FRINGE BENEFIT FUNDS2+ years

Service code 13 · EIN 34-1381893

Contract Administrator

$86,701

MARCO CONSULTING GROUP2+ years

Service code 27 · EIN 34-3555078

Advisory (Plan)

$40,735

ALOTTA, FARLEY & WIDMAN2+ years

Service code 29 · EIN 34-1316963

Legal

$23,476

TRAMER SHORE & ZWICK2+ years

Service code 10 · EIN 34-1595557

Accounting

$11,275

IBEW LOCAL 38 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 38 401(K) 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