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 (2017) 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 2017

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$53.4M

+15.6% from 2016

Total participants

602

-7.1% from 2016

Average account balance

$88,646

+25.4% from 2016

Annual return

13.92%

+16.77 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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 4 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.2+ years Filed as: SUNTRUST BANK Service code 21 · EIN 62-1240517 303 PEACHTREE ST 15TH FL · ATLANTA, GA 30308	Bank Trustee	$84,029
ALLOTTA FARLEY CO LPA2+ years Filed as: ALLOTTA, FARLEY CO., LPA Service code 29 · EIN 34-1316963 2222 CENTENNIAL ROAD · TOLEDO, OH 43617	Legal	$30,751
ASCENSUS LLC2+ 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
ULLICO2+ years Filed as: UNION SERVICES AGENCY Service code 22 · EIN 38-3297465 119 PERE MARQUETTE 1A · LANSING, MI 48912	Insurance Broker	$8,244

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$156K

$302 / participant

Investment mgmt$84K54.0%
Other / not subdivided$72K46.0%

% of EOY assets

0.292%

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

$88,646

$60,545+46.4%

$92,240-3.9%

$69,631+27.3%

Participation rate

100.0%

72.2%+27.8pp

76.5%+23.5pp

70.7%+29.3pp

Annual return

13.92%

19.71%-5.8pp

176.29%-162.4pp

27571.02%-27557.1pp

Employer contribution / active EE

$4,194

$2,633+59.3%

$3,680+14.0%

$2,032+106.4%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$259

$145+78.6%

$5,194-95.0%

$110+134.1%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.2+ years

Filed as: SUNTRUST BANK

Service code 21 · EIN 62-1240517

303 PEACHTREE ST 15TH FL · ATLANTA, GA 30308

Bank Trustee

$84,029

ALLOTTA FARLEY CO LPA2+ years

Filed as: ALLOTTA, FARLEY CO., LPA

Service code 29 · EIN 34-1316963

2222 CENTENNIAL ROAD · TOLEDO, OH 43617

Legal

$30,751

ASCENSUS LLC2+ 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

ULLICO2+ years

Filed as: UNION SERVICES AGENCY

Service code 22 · EIN 38-3297465

119 PERE MARQUETTE 1A · LANSING, MI 48912

Insurance Broker

$8,244

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