Retirement plan

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION PLAN

Name: IBEW LOCAL UNION 305 PENSION PLAN BOARD OF TRUSTEES - INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION PLAN (2016) Form 5500
Creator: IBEW LOCAL UNION 305 PENSION PLAN BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION PLAN, IBEW LOCAL UNION 305 PENSION PLAN BOARD OF TRUSTEES

IBEW LOCAL UNION 305 PENSION PLAN BOARD OF TRUSTEESEIN 35-0415460Plan #001PY 2016

136 CHAMBEAU ROAD - FORT WAYNE, IN 468530690260-484-9714LinkedIn501-1000 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$46.2M

No prior year

Total participants

648

No prior year

Average account balance

$70,683

No prior year

Annual return

-2.84%

No prior year

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.99M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

967

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 5 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.1+ years Filed as: SUNTRUST BANK Service code 21 · EIN 62-1240517 303 PEACHTREE ST 15TH FL · ATLANTA, GA 30308	Bank Trustee	$81,806
ALLOTTA FARLEY CO LPA1+ years Filed as: ALLOTTA, FARLEY CO., LPA Service code 29 · EIN 34-1316963 2222 CENTENNIAL ROAD · TOLEDO, OH 43617	Legal	$28,497
ASCENSUS LLC1+ years Filed as: BADEN GAGE AND SCHROEDER, LLC Service code 10 · EIN 35-1939627 6920 POINTE INVERNESS WAY · FORT WAYNE, IN 46804	Accounting	$15,730
I.B.E.W. LOCAL 3051+ years Filed as: IBEW LOCAL 305 Service code 29 · EIN 35-0415460 136 CHAMBEAU RD · FORT WAYNE, IN 46805	Legal	$13,388
ULLICO1+ years Filed as: UNION SERVICES AGENCY Service code 22 · EIN 38-3297465 119 PERE MARQUETTE 1A · LANSING, MI 48912	Insurance Broker	$8,204

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$167K

$290 / participant

Investment mgmt$82K49.1%
Other / not subdivided$85K50.9%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BADEN, GAGE & SCHROEDER, LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,683

$57,921+22.0%

$84,753-16.6%

$57,658+22.6%

Participation rate

100.0%

72.9%+27.1pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

-2.84%

10.24%-13.1pp

22.78%-25.6pp

5.13%-8.0pp

Employer contribution / active EE

$3,024

$2,598+16.4%

$3,574-15.4%

$1,974+53.2%

Participant deferral / active EE

$2,742-100.0%

$3,712-100.0%

$3,061-100.0%

Admin fee / account holder

$255

$130+96.8%

$5,333-95.2%

$95+169.9%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.1+ years

Filed as: SUNTRUST BANK

Service code 21 · EIN 62-1240517

303 PEACHTREE ST 15TH FL · ATLANTA, GA 30308

Bank Trustee

$81,806

ALLOTTA FARLEY CO LPA1+ years

Filed as: ALLOTTA, FARLEY CO., LPA

Service code 29 · EIN 34-1316963

2222 CENTENNIAL ROAD · TOLEDO, OH 43617

Legal

$28,497

ASCENSUS LLC1+ years

Filed as: BADEN GAGE AND SCHROEDER, LLC

Service code 10 · EIN 35-1939627

6920 POINTE INVERNESS WAY · FORT WAYNE, IN 46804

Accounting

$15,730

I.B.E.W. LOCAL 3051+ years

Filed as: IBEW LOCAL 305

Service code 29 · EIN 35-0415460

136 CHAMBEAU RD · FORT WAYNE, IN 46805

Legal

$13,388

ULLICO1+ years

Filed as: UNION SERVICES AGENCY

Service code 22 · EIN 38-3297465

119 PERE MARQUETTE 1A · LANSING, MI 48912

Insurance Broker

$8,204

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION 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