Retirement plan

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

Name: I.B.E.W. LOCAL UNION 481 - I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN AND TRUST (2016) Form 5500
Creator: I.B.E.W. LOCAL UNION 481
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN AND TRUST, I.B.E.W. LOCAL UNION 481

I.B.E.W. LOCAL UNION 481EIN 35-1501496Plan #003PY 2016

1828 N. MERIDIAN STREET, SUITE 103 - INDIANAPOLIS, IN 462021452317-923-4577

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$176.5M

-8.7% from 2017

Total participants

2,571

+2.0% from 2017

Average account balance

$68,661

-10.5% from 2017

Annual return

-0.55%

-12.27 pp from 2017

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

$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 10 of 23 by compensation

Provider	Service type	Compensation
AFL-CIO HOUSING INVESTMENT TRUST1+ years Filed as: AFL-CIO BUILDING INVESTMENT TRUST Service code 21 · EIN 52-6328901	Bank Trustee	$157,329
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: SIERRA TEMPLETON Service code 28 · EIN 68-0370668	Investment Management	$104,844
AEW CAPITAL MANAGEMENT1+ years Filed as: AEW PARTNERS Service code 28 · EIN 26-3188687	Investment Management	$83,501
GREAT LAKES ADVISORS, LLC1+ years Filed as: GREAT LAKES ADVISORS Service code 28 · EIN 80-0292839	Investment Management	$71,617
FOUNDRY PARTNERS1+ years Filed as: FOUNDRY PARTNERS LLX Service code 28 · EIN 46-1184506	Investment Management	$70,255
ASB CAPITAL MANAGEMENT1+ years Filed as: ASB CAPITAL LLC Service code 28 · EIN 80-0618452	Investment Management	$62,446
WINSLOW CAPITAL MANAGEMENT1+ years Filed as: WINSLOW CAPITAL Service code 28 · EIN 90-0860898	Investment Management	$58,415
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: MCDONNELL Service code 28 · EIN 35-4445613	Investment Management	$51,442
APEX CAPITAL MANAGEMENT1+ years Filed as: APEX CAPITAL Service code 28 · EIN 31-1198068	Investment Management	$45,410
INVESCO1+ years Service code 28 · EIN 84-1251723	Investment Management	$44,015

Plan features & details

Pension benefit codes2E2H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$600 / participant

Investment mgmt$956K74.6%
Other / not subdivided$325K25.4%

% of EOY assets

0.726%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ, SAPPER & MILLER, LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,661

$54,392+26.2%

$84,753-19.0%

$63,975+7.3%

Participation rate

100.0%

76.9%+23.1pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

-0.55%

611.38%-611.9pp

22.78%-23.3pp

48.65%-49.2pp

Employer contribution / active EE

$3,697

$2,943+25.6%

$3,574+3.4%

$2,182+69.4%

Participant deferral / active EE

$2,593-100.0%

$3,712-100.0%

$3,356-100.0%

Admin fee / account holder

$498

$136+266.9%

$5,333-90.7%

$70+607.6%

Provider

Service type

Compensation

AFL-CIO HOUSING INVESTMENT TRUST1+ years

Filed as: AFL-CIO BUILDING INVESTMENT TRUST

Service code 21 · EIN 52-6328901

Bank Trustee

$157,329

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: SIERRA TEMPLETON

Service code 28 · EIN 68-0370668

Investment Management

$104,844

AEW CAPITAL MANAGEMENT1+ years

Filed as: AEW PARTNERS

Service code 28 · EIN 26-3188687

Investment Management

$83,501

GREAT LAKES ADVISORS, LLC1+ years

Filed as: GREAT LAKES ADVISORS

Service code 28 · EIN 80-0292839

Investment Management

$71,617

FOUNDRY PARTNERS1+ years

Filed as: FOUNDRY PARTNERS LLX

Service code 28 · EIN 46-1184506

Investment Management

$70,255

ASB CAPITAL MANAGEMENT1+ years

Filed as: ASB CAPITAL LLC

Service code 28 · EIN 80-0618452

Investment Management

$62,446

WINSLOW CAPITAL MANAGEMENT1+ years

Filed as: WINSLOW CAPITAL

Service code 28 · EIN 90-0860898

Investment Management

$58,415

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: MCDONNELL

Service code 28 · EIN 35-4445613

Investment Management

$51,442

APEX CAPITAL MANAGEMENT1+ years

Filed as: APEX CAPITAL

Service code 28 · EIN 31-1198068

Investment Management

$45,410

INVESCO1+ years

Service code 28 · EIN 84-1251723

Investment Management

$44,015

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

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 AND TRUST

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