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 (2018) 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 2018

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$209.1M

-8.7% from 2017

Total participants

2,720

+2.0% from 2017

Average account balance

$79,648

-10.5% from 2017

Annual return

8.29%

-12.27 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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 TRUST3+ years Filed as: AFL-CIO BUILDING INVESTMENT TRUST Service code 28 · EIN 52-6328901	Investment Management	$135,155
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: MCDONNELL Service code 28 · EIN 35-4445613	Investment Management	$88,328
DEROY & DEVEREAUX2 years Service code 28 · EIN 38-2251232	Investment Management	$85,877
MORGAN STANLEY SMITH BARNEY3+ years Filed as: GRAYSTONE CONSULTING Service code 27 · EIN 26-4310844	Advisory (Plan)	$75,000
FOUNDRY PARTNERS3+ years Filed as: FOUNDRY PARTNERS LLX Service code 28 · EIN 46-1184506	Investment Management	$73,312
WINSLOW CAPITAL MANAGEMENT3+ years Filed as: WINSLOW CAPITAL Service code 28 · EIN 90-0860898	Investment Management	$69,816
GREAT LAKES ADVISORS, LLC3+ years Filed as: GREAT LAKES ADVISORS Service code 28 · EIN 80-0292839	Investment Management	$68,844
ASB CAPITAL MANAGEMENT3+ years Filed as: ASB CAPITAL LLC Service code 28 · EIN 80-0618452	Investment Management	$67,907
INDEPENDENT FINANCIAL PARTNERS3+ years Filed as: SIERRA TEMPLETON Service code 28 · EIN 68-0370668	Investment Management	$57,609
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$56,952

Plan features & details

Pension benefit codes2E2G2T

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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$505 / participant

Investment mgmt$998K72.9%
Other / not subdivided$370K27.1%

% of EOY assets

0.654%

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

$79,648

$60,396+31.9%

$83,831-5.0%

$75,289+5.8%

Participation rate

96.5%

80.7%+15.8pp

76.1%+20.3pp

72.4%+24.1pp

Annual return

8.29%

3.84%+4.4pp

850.99%-842.7pp

-0.04%+8.3pp

Employer contribution / active EE

$3,658

$3,343+9.4%

$3,631+0.7%

$2,405+52.1%

Participant deferral / active EE

$2,922-100.0%

$4,082-100.0%

$3,739-100.0%

Admin fee / account holder

$521

$141+269.1%

$5,479-90.5%

$102+409.5%

Provider

Service type

Compensation

AFL-CIO HOUSING INVESTMENT TRUST3+ years

Filed as: AFL-CIO BUILDING INVESTMENT TRUST

Service code 28 · EIN 52-6328901

Investment Management

$135,155

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: MCDONNELL

Service code 28 · EIN 35-4445613

Investment Management

$88,328

DEROY & DEVEREAUX2 years

Service code 28 · EIN 38-2251232

Investment Management

$85,877

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: GRAYSTONE CONSULTING

Service code 27 · EIN 26-4310844

Advisory (Plan)

$75,000

FOUNDRY PARTNERS3+ years

Filed as: FOUNDRY PARTNERS LLX

Service code 28 · EIN 46-1184506

Investment Management

$73,312

WINSLOW CAPITAL MANAGEMENT3+ years

Filed as: WINSLOW CAPITAL

Service code 28 · EIN 90-0860898

Investment Management

$69,816

GREAT LAKES ADVISORS, LLC3+ years

Filed as: GREAT LAKES ADVISORS

Service code 28 · EIN 80-0292839

Investment Management

$68,844

ASB CAPITAL MANAGEMENT3+ years

Filed as: ASB CAPITAL LLC

Service code 28 · EIN 80-0618452

Investment Management

$67,907

INDEPENDENT FINANCIAL PARTNERS3+ years

Filed as: SIERRA TEMPLETON

Service code 28 · EIN 68-0370668

Investment Management

$57,609

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$56,952

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