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 (2019) 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 2019

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$217.6M

-8.7% from 2017

Total participants

3,220

+2.0% from 2017

Average account balance

$83,888

-10.5% from 2017

Annual return

5.47%

-12.27 pp from 2017

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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 19 by compensation

Provider	Service type	Compensation
AFL-CIO HOUSING INVESTMENT TRUST4+ years Filed as: AFL-CIO BUILDING INVESTMENT TRUST Service code 28 · EIN 52-6328901	Investment Management	$136,507
JP MORGAN INVESTMENT MANAGEMENT INC4+ years Filed as: MCDONNELL Service code 28 · EIN 35-4445613	Investment Management	$64,279
DEROY & DEVEREAUX3 years Service code 28 · EIN 38-2251232	Investment Management	$59,313
KATZ, SAPPER & MILLER4+ years Filed as: KATZ SAPPER & MILLER Service code 10 · EIN 35-1090346	Accounting	$57,914
WINSLOW CAPITAL MANAGEMENT4+ years Filed as: WINSLOW CAPITAL Service code 28 · EIN 90-0860898	Investment Management	$57,853
MORGAN STANLEY SMITH BARNEY4+ years Filed as: GRAYSTONE CONSULTING Service code 27 · EIN 26-4310844	Advisory (Plan)	$56,250
FOUNDRY PARTNERS4+ years Filed as: FOUNDRY PARTNERS LLX Service code 28 · EIN 46-1184506	Investment Management	$50,237
AEW CAPITAL MANAGEMENT4+ years Filed as: AEW PARTNERS Service code 28 · EIN 26-3188687	Investment Management	$49,971
GREAT LAKES ADVISORS, LLC4+ years Filed as: GREAT LAKES ADVISORS Service code 28 · EIN 80-0292839	Investment Management	$46,988
ULLICO4+ years Filed as: ULLICO INFRASTRUCTURE T/E FUND Service code 28 · EIN 90-0622302	Investment Management	$42,322

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

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

$811K

$255 / participant

Investment mgmt$510K62.9%
Other / not subdivided$301K37.1%

% of EOY assets

0.373%

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

$83,888

$66,051+27.0%

$92,916-9.7%

$77,775+7.9%

Participation rate

80.3%

81.0%-0.7pp

76.0%+4.3pp

73.2%+7.1pp

Annual return

5.47%

20.69%-15.2pp

109.45%-104.0pp

32.58%-27.1pp

Employer contribution / active EE

$3,061

$3,426-10.7%

$3,654-16.2%

$2,504+22.2%

Participant deferral / active EE

$3,013-100.0%

$4,238-100.0%

$3,966-100.0%

Admin fee / account holder

$313

$148+111.6%

$5,796-94.6%

$100+212.5%

Provider

Service type

Compensation

AFL-CIO HOUSING INVESTMENT TRUST4+ years

Filed as: AFL-CIO BUILDING INVESTMENT TRUST

Service code 28 · EIN 52-6328901

Investment Management

$136,507

JP MORGAN INVESTMENT MANAGEMENT INC4+ years

Filed as: MCDONNELL

Service code 28 · EIN 35-4445613

Investment Management

$64,279

DEROY & DEVEREAUX3 years

Service code 28 · EIN 38-2251232

Investment Management

$59,313

KATZ, SAPPER & MILLER4+ years

Filed as: KATZ SAPPER & MILLER

Service code 10 · EIN 35-1090346

Accounting

$57,914

WINSLOW CAPITAL MANAGEMENT4+ years

Filed as: WINSLOW CAPITAL

Service code 28 · EIN 90-0860898

Investment Management

$57,853

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: GRAYSTONE CONSULTING

Service code 27 · EIN 26-4310844

Advisory (Plan)

$56,250

FOUNDRY PARTNERS4+ years

Filed as: FOUNDRY PARTNERS LLX

Service code 28 · EIN 46-1184506

Investment Management

$50,237

AEW CAPITAL MANAGEMENT4+ years

Filed as: AEW PARTNERS

Service code 28 · EIN 26-3188687

Investment Management

$49,971

GREAT LAKES ADVISORS, LLC4+ years

Filed as: GREAT LAKES ADVISORS

Service code 28 · EIN 80-0292839

Investment Management

$46,988

ULLICO4+ years

Filed as: ULLICO INFRASTRUCTURE T/E FUND

Service code 28 · EIN 90-0622302

Investment Management

$42,322

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