Retirement plan

LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST

Name: BOARD OF TRUSTEES LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST - LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST (2017) Form 5500
Creator: BOARD OF TRUSTEES LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST, BOARD OF TRUSTEES LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST

BOARD OF TRUSTEES LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUSTEIN 34-6596899Plan #001PY 2017

727 LIME CITY ROAD - ROSSFORD, OH 434601611419-666-4450

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$459.3M

-2.9% from 2016

Total participants

2,832

-0.6% from 2016

Average account balance

$192,802

-2.6% from 2016

Annual return

20.14%

-2.05 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

$670.96M

Not enough data

1 years with asset history on file

Average account balance

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

$228K

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.

2,945

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$792

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 10 of 31 by compensation

Provider	Service type	Compensation
NWO ELECTRICAL ADMIN. INC.3+ years Service code 36 · EIN 34-1956758	Direct payment from the plan; Copying...	$417,877
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years Service code 51 · EIN 36-4291971	Investment Mgmt Fees	$235,550
COLUMBIA3+ years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 51 · EIN 41-1533211	Investment Mgmt Fees	$235,177
WEDGE CAPITAL MANAGEMENT3+ years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 51 · EIN 56-1557450	Investment Mgmt Fees	$201,393
BRANDES INVESTMENT PARTNERS3+ years Filed as: BRANDES INVESTMENT PARTNERS, L.P. Service code 51 · EIN 33-0704072	Investment Mgmt Fees	$192,420
RIVER ROAD ASSET MANAGEMENT3+ years Filed as: RIVER ROAD ASSET MANAGEMENT, LLC Service code 51 · EIN 43-2076925	Investment Mgmt Fees	$153,159
NUVEEN3+ years Filed as: NUVEEN ASSET MANAGEMENT Service code 51 · EIN 31-0942504	Investment Mgmt Fees	$133,989
METROPOLITAN WEST ASSET MANAGEMENT3+ years Service code 51 · EIN 95-4597302	Investment Mgmt Fees	$123,921
SHUMAKER, LOOP & KENDRICK, LLP3+ years Service code 29 · EIN 34-4439491	Legal	$68,107
MSPC3+ years Filed as: MSPC CPAS & ADVISORS, P.C. Service code 10 · EIN 22-2951202	Accounting	$26,414

Plan features & details

Pension benefit codes2E2F2H2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$753 / participant

Investment mgmt$1M65.8%
Other / not subdivided$666K34.2%

% of EOY assets

0.425%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSPC CPAS & ADVISORS, P.C.
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$192,802

$221,442-12.9%

$92,240+109.0%

$77,958+147.3%

Participation rate

82.6%

79.6%+3.0pp

76.5%+6.2pp

71.6%+11.0pp

Annual return

20.14%

15.65%+4.5pp

176.29%-156.2pp

20.87%-0.7pp

Employer contribution / active EE

$7,126

$3,226+120.9%

$3,680+93.6%

$2,310+208.4%

Participant deferral / active EE

$1,110

$2,779-60.0%

$3,897-71.5%

$3,537-68.6%

Admin fee / account holder

$819

$210+290.3%

$5,194-84.2%

$97+740.5%

Provider

Service type

Compensation

NWO ELECTRICAL ADMIN. INC.3+ years

Service code 36 · EIN 34-1956758

Direct payment from the plan; Copying...

$417,877

GALLAGHER FIDUCIARY ADVISORS, LLC3+ years

Service code 51 · EIN 36-4291971

Investment Mgmt Fees

$235,550

COLUMBIA3+ years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 51 · EIN 41-1533211

Investment Mgmt Fees

$235,177

WEDGE CAPITAL MANAGEMENT3+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 51 · EIN 56-1557450

Investment Mgmt Fees

$201,393

BRANDES INVESTMENT PARTNERS3+ years

Filed as: BRANDES INVESTMENT PARTNERS, L.P.

Service code 51 · EIN 33-0704072

Investment Mgmt Fees

$192,420

RIVER ROAD ASSET MANAGEMENT3+ years

Filed as: RIVER ROAD ASSET MANAGEMENT, LLC

Service code 51 · EIN 43-2076925

Investment Mgmt Fees

$153,159

NUVEEN3+ years

Filed as: NUVEEN ASSET MANAGEMENT

Service code 51 · EIN 31-0942504

Investment Mgmt Fees

$133,989

METROPOLITAN WEST ASSET MANAGEMENT3+ years

Service code 51 · EIN 95-4597302

Investment Mgmt Fees

$123,921

SHUMAKER, LOOP & KENDRICK, LLP3+ years

Service code 29 · EIN 34-4439491

Legal

$68,107

MSPC3+ years

Filed as: MSPC CPAS & ADVISORS, P.C.

Service code 10 · EIN 22-2951202

Accounting

$26,414

LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST

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