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 (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$567.8M

-2.9% from 2016

Total participants

2,654

-0.6% from 2016

Average account balance

$213,954

-2.6% from 2016

Annual return

12.13%

-2.05 pp from 2016

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 27 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC6+ years Service code 27 · EIN 36-7291971	Advisory (Plan)	$278,427
COLUMBIA6+ years Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI Service code 28 · EIN 13-3180631	Investment Management	$254,191
BLACKSTONE1 year Filed as: BLACKSTONE ALTERNATIVE ASSET MGMT Service code 28 · EIN 13-3702086	Investment Management	$237,586
RIVER ROAD ASSET MANAGEMENT6+ years Filed as: RIVER ROAD ASSET MANAGEMENT, LLC Service code 28 · EIN 43-2076925	Investment Management	$161,505
WEDGE CAPITAL MANAGEMENT6+ years Filed as: WEDGE CAPITAL MANAGEMENT LLP Service code 27 · EIN 56-1557450	Advisory (Plan)	$160,366
METROPOLITAN WEST ASSET MANAGEMENT6+ years Service code 28 · EIN 95-4597302	Investment Management	$144,743
PARAMETRIC PORTFOLIO ASSOCIATES LLC3 years Filed as: PARAMETRIC PORTFOLIO ASSOCIATES Service code 28 · EIN 20-0292745	Investment Management	$125,560
SHUMAKER, LOOP & KENDRICK, LLP6+ years Service code 29 · EIN 34-4439491	Legal	$46,605
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 50 333 WEST 34TH STREET · NEW YORK, NY 100012402	Direct Payment	$7,988
BENESYS, INC.6+ years Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC Service code 15 · EIN 23-2182079	Recordkeeping	$6,950

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

$1.6M

$724 / participant

Investment mgmt$1M66.0%
Other / not subdivided$558K34.0%

% of EOY assets

0.289%

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, CPA'S AND ADVISORS, P.C.
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$213,954

$81,719+161.8%

$101,275+111.3%

$90,274+137.0%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

12.13%

337.64%-325.5pp

46.46%-34.3pp

53.97%-41.8pp

Employer contribution / active EE

$7,614

$3,622+110.2%

$3,660+108.0%

$2,523+201.7%

Participant deferral / active EE

$1,969

$3,310-40.5%

$4,370-54.9%

$4,231-53.4%

Admin fee / account holder

$619

$162+282.1%

$5,948-89.6%

$114+442.3%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC6+ years

Service code 27 · EIN 36-7291971

Advisory (Plan)

$278,427

COLUMBIA6+ years

Filed as: COLUMBIA MANAGEMENT INVESTMENT ADVI

Service code 28 · EIN 13-3180631

Investment Management

$254,191

BLACKSTONE1 year

Filed as: BLACKSTONE ALTERNATIVE ASSET MGMT

Service code 28 · EIN 13-3702086

Investment Management

$237,586

RIVER ROAD ASSET MANAGEMENT6+ years

Filed as: RIVER ROAD ASSET MANAGEMENT, LLC

Service code 28 · EIN 43-2076925

Investment Management

$161,505

WEDGE CAPITAL MANAGEMENT6+ years

Filed as: WEDGE CAPITAL MANAGEMENT LLP

Service code 27 · EIN 56-1557450

Advisory (Plan)

$160,366

METROPOLITAN WEST ASSET MANAGEMENT6+ years

Service code 28 · EIN 95-4597302

Investment Management

$144,743

PARAMETRIC PORTFOLIO ASSOCIATES LLC3 years

Filed as: PARAMETRIC PORTFOLIO ASSOCIATES

Service code 28 · EIN 20-0292745

Investment Management

$125,560

SHUMAKER, LOOP & KENDRICK, LLP6+ years

Service code 29 · EIN 34-4439491

Legal

$46,605

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 50

333 WEST 34TH STREET · NEW YORK, NY 100012402

Direct Payment

$7,988

BENESYS, INC.6+ years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC

Service code 15 · EIN 23-2182079

Recordkeeping

$6,950

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