Retirement plan

I.B.E.W. LOCAL 540 PENSION FUND

Name: I.B.E.W. LOCAL 540 PENSION FUND - I.B.E.W. LOCAL 540 PENSION FUND (2024) Form 5500
Creator: I.B.E.W. LOCAL 540 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL 540 PENSION FUND, I.B.E.W. LOCAL 540 PENSION FUND

I.B.E.W. LOCAL 540 PENSION FUNDEIN 34-6701444Plan #001PY 2024

3660 STUTZ DRIVE, SUITE 101 - CANFIELD, OH 44406330-758-3456LinkedIn1-10 employeesconstruction

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$126.1M

+14.0% from 2023

Total participants

1,040

+1.3% from 2023

Average account balance

No prior year

Annual return

16.95%

+12.66 pp from 2023

Benchmarks

See 260 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort260 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$126.15M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

492

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.95%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 19 1585 BROADWAY · NEW YORK, NY 10036	Securities Custodian	$155,222
CUNI, RUST & STRENK1 year Service code 11 4555 LAKE FOREST DRIVE · CINCINNATI, OH 45242	Actuarial	$89,983
BENESYS, INC.9+ years Service code 13 3660 STUTZ DRIVE STE 101 · CANFIELD, OH 44406	Contract Administrator	$69,429
NATIONAL REAL ESTATE ADVISORS, LLC9+ years Filed as: NATIONAL REAL ESTATE ADVISORS Service code 28 900 SEVENTH ST, NW · WASHINGTON, DC 20001	Investment Management	$51,762
ULLICO2 years Filed as: ULLICO INVESTMENT ADVISORS Service code 28 · EIN 52-6435649 8403 COLESVILLE ROAD · SILVER SPRING, MD 20910	Investment Management	$45,366
PBGC PREMIUM9+ years Service code 99 445 12TH STREET SW · WASHINGTON, DC 20024	Other Fees	$35,945
MANNING & NAPIER9+ years Service code 28 290 WOODCLIFF DR · FAIRPORT, NY 14450	Investment Management	$35,722
MACALA & PIATT, LLC9+ years Filed as: MACALA & PIATT LLC Service code 29 601 S. MAIN ST. · NORTH CANTON, OH 44720	Legal	$32,495
YURCHYK & DAVIS CPA'S, INC.9+ years Service code 10 · EIN 34-1638235	Accounting	$19,400
HUNTINGTON NATIONAL BANK8 years Service code 15 41 S HIGH ST · COLUMBUS, OH 43215	Recordkeeping	$5,100

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$591K

$1079 / participant

Recordkeeping$9K1.4%
Trustee / custodial$247K41.8%
Investment mgmt$47K8.0%
Legal$32K5.5%
Actuarial$90K15.2%
Other trustee fees$17K2.9%
Contract admin$64K10.8%
Other / not subdivided$86K14.5%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: YURCHYK & DAVIS CPA'S, INC.
Auditor EIN: 341638235
Audit fees: $10,900
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,416-100.0%

Participation rate

0.0%

0.0%0pp

32.7%-32.7pp

0.0%0pp

Annual return

16.95%

11.08%+5.9pp

8.10%+8.9pp

8.76%+8.2pp

Employer contribution / active EE

$15,784

$13,910+13.5%

$28,649-44.9%

$16,650-5.2%

Participant deferral / active EE

$6,458-100.0%

$10-100.0%

$948-100.0%

Admin fee / account holder

$60,136-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 19

1585 BROADWAY · NEW YORK, NY 10036

Securities Custodian

$155,222

CUNI, RUST & STRENK1 year

Service code 11

4555 LAKE FOREST DRIVE · CINCINNATI, OH 45242

Actuarial

$89,983

BENESYS, INC.9+ years

Service code 13

3660 STUTZ DRIVE STE 101 · CANFIELD, OH 44406

Contract Administrator

$69,429

NATIONAL REAL ESTATE ADVISORS, LLC9+ years

Filed as: NATIONAL REAL ESTATE ADVISORS

Service code 28

900 SEVENTH ST, NW · WASHINGTON, DC 20001

Investment Management

$51,762

ULLICO2 years

Filed as: ULLICO INVESTMENT ADVISORS

Service code 28 · EIN 52-6435649

8403 COLESVILLE ROAD · SILVER SPRING, MD 20910

Investment Management

$45,366

PBGC PREMIUM9+ years

Service code 99

445 12TH STREET SW · WASHINGTON, DC 20024

Other Fees

$35,945

MANNING & NAPIER9+ years

Service code 28

290 WOODCLIFF DR · FAIRPORT, NY 14450

Investment Management

$35,722

MACALA & PIATT, LLC9+ years

Filed as: MACALA & PIATT LLC

Service code 29

601 S. MAIN ST. · NORTH CANTON, OH 44720

Legal

$32,495

YURCHYK & DAVIS CPA'S, INC.9+ years

Service code 10 · EIN 34-1638235

Accounting

$19,400

HUNTINGTON NATIONAL BANK8 years

Service code 15

41 S HIGH ST · COLUMBUS, OH 43215

Recordkeeping

$5,100

I.B.E.W. LOCAL 540 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL 540 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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