Retirement plan

I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN

Name: IBEW LOCAL UNION 481 DEFINED CONTRIBUTION - I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN (2025) Form 5500
Creator: IBEW LOCAL UNION 481 DEFINED CONTRIBUTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN, IBEW LOCAL UNION 481 DEFINED CONTRIBUTION

IBEW LOCAL UNION 481 DEFINED CONTRIBUTIONEIN 35-1501496Plan #003PY 2025

1828 N. MERIDIAN STREET - INDIANAPOLIS, IN 46202317-923-4577

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$295.7M

+10.2% from 2024

Total participants

3,320

+4.4% from 2024

Average account balance

$89,070

+5.5% from 2024

Annual return

10.46%

-1.22 pp from 2024

Benchmarks

See 105 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort105 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$295.71M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

3,320

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

$16.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$214,503
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 11-3658445	Advisory (Plan)	$75,000
DAVID RAY9 years Service code 14 · EIN 35-1501496	Plan Administrator	$72,055
ASCENSUS LLC1 year Filed as: LEDBETTER PARTNERS, LLC Service code 29 · EIN 03-0599899	Legal	$39,560
LEGACY PROFESSIONALS LLP5 years Service code 10 · EIN 32-0043599	Accounting	$36,862

Plan features & details

Pension benefit codes2E2G2J2T

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$647K

$208 / participant

Recordkeeping$219K33.9%
Investment mgmt$75K11.6%
Legal$40K6.1%
Salaries / allowances$134K20.7%
Other trustee fees$24K3.7%
Other / not subdivided$155K23.9%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: $32,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,070

$98,776-9.8%

$119,126-25.2%

$89,670-0.7%

Participation rate

100.0%

83.1%+16.9pp

75.8%+24.2pp

71.2%+28.8pp

Annual return

10.46%

9.25%+1.2pp

282.11%-271.6pp

19.66%-9.2pp

Employer contribution / active EE

$5,290

$5,802-8.8%

$4,034+31.2%

$4,041+30.9%

Participant deferral / active EE

$79

$1,748-95.5%

$5,318-98.5%

$3,962-98.0%

Admin fee / account holder

$195

$230-15.5%

$10,693-98.2%

$352-44.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$214,503

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 11-3658445

Advisory (Plan)

$75,000

DAVID RAY9 years

Service code 14 · EIN 35-1501496

Plan Administrator

$72,055

ASCENSUS LLC1 year

Filed as: LEDBETTER PARTNERS, LLC

Service code 29 · EIN 03-0599899

Legal

$39,560

LEGACY PROFESSIONALS LLP5 years

Service code 10 · EIN 32-0043599

Accounting

$36,862

I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION 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