Retirement plan

I.B.E.W. LOCAL NO. 8 401(K) PLAN

Name: I.B.E.W. LOCAL NO. 8 401(K) PLAN - I.B.E.W. LOCAL NO. 8 401(K) PLAN (2016) Form 5500
Creator: I.B.E.W. LOCAL NO. 8 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL NO. 8 401(K) PLAN, I.B.E.W. LOCAL NO. 8 401(K) PLAN

I.B.E.W. LOCAL NO. 8 401(K) PLANEIN 34-6596899Plan #002PY 2016

727 LIME CITY ROAD - ROSSFORD, OH 434601611419-666-4550

Other plans on this EIN

1 filing

#001Retirement-$381.9M assets

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$15.8M

-18.8% from 2016

Total participants

2,313

-3.5% from 2016

Average account balance

$16,055

-11.4% from 2016

Annual return

7.22%

-8.31 pp from 2016

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

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERCER2+ years Filed as: MERCER HR SERVICES, LLC Service code 15 · EIN 20-1932099 INVESTORS WAY · NORWOOD, MA 020621584	Recordkeeping	$74,257
NWO ELECTRICAL ADMIN. INC.2+ years Filed as: NWO ELECTRICAL ADMINISTRATORS INC Service code 49 · EIN 34-1956758	Other Services	$33,896
GALLAGHER FIDUCIARY ADVISORS, LLC2+ years Service code 27 · EIN 36-4291971	Advisory (Plan)	$10,375

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$10 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.144%

all-in expense ratio

Categories reported

0 / 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

$16,055

$54,392-70.5%

$84,753-81.1%

$63,975-74.9%

Participation rate

40.8%

76.9%-36.1pp

76.6%-35.8pp

71.1%-30.3pp

Annual return

7.22%

611.38%-604.2pp

22.78%-15.6pp

48.65%-41.4pp

Employer contribution / active EE

$2,943-100.0%

$3,574-100.0%

$2,182-100.0%

Participant deferral / active EE

$1,116

$2,593-57.0%

$3,712-69.9%

$3,356-66.7%

Admin fee / account holder

$23

$136-82.9%

$5,333-99.6%

$70-67.1%

Provider

Service type

Compensation

MERCER2+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15 · EIN 20-1932099

INVESTORS WAY · NORWOOD, MA 020621584

Recordkeeping

$74,257

NWO ELECTRICAL ADMIN. INC.2+ years

Filed as: NWO ELECTRICAL ADMINISTRATORS INC

Service code 49 · EIN 34-1956758

Other Services

$33,896

GALLAGHER FIDUCIARY ADVISORS, LLC2+ years

Service code 27 · EIN 36-4291971

Advisory (Plan)

$10,375

I.B.E.W. LOCAL NO. 8 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL NO. 8 401(K) 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