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 (2018) 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 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$442.3M

-2.9% from 2016

Total participants

2,444

-0.6% from 2016

Average account balance

$180,969

-2.6% from 2016

Annual return

-3.81%

-2.05 pp from 2016

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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.4+ years Service code 36 · EIN 34-1956758	Direct payment from the plan; Copying...	$336,047
GALLAGHER FIDUCIARY ADVISORS, LLC4+ years Service code 51 · EIN 36-4291971	Investment Mgmt Fees	$249,218
COLUMBIA4+ years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 51 · EIN 41-1533211	Investment Mgmt Fees	$212,627
BRANDES INVESTMENT PARTNERS4+ years Filed as: BRANDES INVESTMENT PARTNERS, L.P. Service code 51 · EIN 33-0704072	Investment Mgmt Fees	$204,291
RIVER ROAD ASSET MANAGEMENT4+ years Filed as: RIVER ROAD ASSET MANAGEMENT, LLC Service code 51 · EIN 43-2076925	Investment Mgmt Fees	$164,290
WEDGE CAPITAL MANAGEMENT4+ years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 51 · EIN 56-1557450	Investment Mgmt Fees	$161,092
NUVEEN4+ years Filed as: NUVEEN ASSET MANAGEMENT Service code 51 · EIN 31-0942504	Investment Mgmt Fees	$137,710
METROPOLITAN WEST ASSET MANAGEMENT4+ years Service code 51 · EIN 95-4597302	Investment Mgmt Fees	$133,877
PARAMETRIC PORTFOLIO ASSOCIATES LLC1 year Filed as: PARAMETRIC PORTFOLIO ASSOCIATES Service code 28 · EIN 20-0292745	Investment Management	$120,898
SHUMAKER, LOOP & KENDRICK, LLP4+ years Service code 29 · EIN 34-4439491	Legal	$60,235

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

1 tripped

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

$2.0M

$916 / participant

Investment mgmt$1M69.4%
Other / not subdivided$599K30.6%

% of EOY assets

0.443%

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

$180,969

$60,396+199.6%

$83,831+115.9%

$75,289+140.4%

Participation rate

100.0%

80.7%+19.3pp

76.1%+23.9pp

72.4%+27.6pp

Annual return

-3.81%

3.84%-7.7pp

850.99%-854.8pp

-0.04%-3.8pp

Employer contribution / active EE

$8,484

$3,343+153.8%

$3,631+133.6%

$2,405+252.8%

Participant deferral / active EE

$1,582

$2,922-45.9%

$4,082-61.3%

$3,739-57.7%

Admin fee / account holder

$801

$141+467.2%

$5,479-85.4%

$102+683.0%

Provider

Service type

Compensation

NWO ELECTRICAL ADMIN. INC.4+ years

Service code 36 · EIN 34-1956758

Direct payment from the plan; Copying...

$336,047

GALLAGHER FIDUCIARY ADVISORS, LLC4+ years

Service code 51 · EIN 36-4291971

Investment Mgmt Fees

$249,218

COLUMBIA4+ years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 51 · EIN 41-1533211

Investment Mgmt Fees

$212,627

BRANDES INVESTMENT PARTNERS4+ years

Filed as: BRANDES INVESTMENT PARTNERS, L.P.

Service code 51 · EIN 33-0704072

Investment Mgmt Fees

$204,291

RIVER ROAD ASSET MANAGEMENT4+ years

Filed as: RIVER ROAD ASSET MANAGEMENT, LLC

Service code 51 · EIN 43-2076925

Investment Mgmt Fees

$164,290

WEDGE CAPITAL MANAGEMENT4+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 51 · EIN 56-1557450

Investment Mgmt Fees

$161,092

NUVEEN4+ years

Filed as: NUVEEN ASSET MANAGEMENT

Service code 51 · EIN 31-0942504

Investment Mgmt Fees

$137,710

METROPOLITAN WEST ASSET MANAGEMENT4+ years

Service code 51 · EIN 95-4597302

Investment Mgmt Fees

$133,877

PARAMETRIC PORTFOLIO ASSOCIATES LLC1 year

Filed as: PARAMETRIC PORTFOLIO ASSOCIATES

Service code 28 · EIN 20-0292745

Investment Management

$120,898

SHUMAKER, LOOP & KENDRICK, LLP4+ years

Service code 29 · EIN 34-4439491

Legal

$60,235

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