Retirement plan

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

Name: I.B.E.W. LOCAL UNION 481 - I.B.E.W. LOCAL UNION 481 DEFINED CONTRIBUTION PLAN (2020) 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, I.B.E.W. LOCAL UNION 481

I.B.E.W. LOCAL UNION 481EIN 35-1501496Plan #003PY 2020

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$217.9M

-8.7% from 2017

Total participants

2,654

+2.0% from 2017

Average account balance

$82,117

-10.5% from 2017

Annual return

3.45%

-12.27 pp from 2017

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 COMPANY3 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$133,357
MORGAN STANLEY SMITH BARNEY5+ years Filed as: GRAYSTONE CONSULTING Service code 27 · EIN 36-3145972	Advisory (Plan)	$75,000
DAVID RAY4 years Service code 14 · EIN 35-1501496	Plan Administrator	$52,021
KATZ, SAPPER & MILLER5+ years Filed as: KATZ SAPPER & MILLER Service code 10 · EIN 35-1090346	Accounting	$36,749
ASCENSUS LLC1 year Filed as: LEDBETTER & PARISI, LLC Service code 29 · EIN 03-0599899	Legal	$26,203

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$435K

$168 / participant

Investment mgmt$208K47.9%
Other / not subdivided$227K52.1%

% of EOY assets

0.200%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,117

$81,719+0.5%

$101,275-18.9%

$90,274-9.0%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

3.45%

337.64%-334.2pp

46.46%-43.0pp

53.97%-50.5pp

Employer contribution / active EE

$4,017

$3,622+10.9%

$3,660+9.8%

$2,523+59.2%

Participant deferral / active EE

$3,310-100.0%

$4,370-100.0%

$4,231-100.0%

Admin fee / account holder

$164

$162+1.3%

$5,948-97.2%

$114+43.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$133,357

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: GRAYSTONE CONSULTING

Service code 27 · EIN 36-3145972

Advisory (Plan)

$75,000

DAVID RAY4 years

Service code 14 · EIN 35-1501496

Plan Administrator

$52,021

KATZ, SAPPER & MILLER5+ years

Filed as: KATZ SAPPER & MILLER

Service code 10 · EIN 35-1090346

Accounting

$36,749

ASCENSUS LLC1 year

Filed as: LEDBETTER & PARISI, LLC

Service code 29 · EIN 03-0599899

Legal

$26,203

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