Retirement plan

ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT PLAN

Name: BOARD OF TRUSTEES OF THE ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT - ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT PLAN, BOARD OF TRUSTEES OF THE ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT

BOARD OF TRUSTEES OF THE ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENTEIN 35-2759032Plan #001PY 2024

2730 DAIRY DRIVE, SUITE 101 - MADISON, WI 53718608-276-9111

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$433M

+18.9% from 2022

Total participants

2,003

-1.5% from 2022

Average account balance

$239,872

+20.7% from 2022

Annual return

13.48%

+33.35 pp from 2022

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$432.97M

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

1,805

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
WISCONSIN SHEET METAL H&W FUND4+ years Filed as: WISCONSIN ELECTRICAL EMPLOYEE BENEF Service code 13 · EIN 39-1651543	Contract Administrator	$80,124
REINHART BOERNER VAN DEUREN S.C.4+ years Filed as: REINHART BOERNER VAN DEUREN S.C Service code 29 · EIN 39-1126909	Legal	$67,239
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034	Contract Administrator	$39,363
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSEN ALLEN Service code 10 · EIN 41-0746749	Accounting	$32,572
MARINER LLC1 year Filed as: MARINER INSTITUTIONAL LLC Service code 27 4901 VINELAND RD STE 600 · ORLANDO, FL 32811	Advisory (Plan)	$20,625

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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

$267K

$147 / participant

Recordkeeping$30K11.2%
Investment mgmt$21K7.7%
Legal$67K25.1%
Contract admin$80K30.0%
Other / not subdivided$69K26.0%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $32,763
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$239,872

$241,850-0.8%

$102,437+134.2%

$200,096+19.9%

Participation rate

89.1%

78.3%+10.8pp

74.5%+14.6pp

72.0%+17.1pp

Annual return

13.48%

17.67%-4.2pp

24.95%-11.5pp

34.26%-20.8pp

Employer contribution / active EE

$11,496

$4,253+170.3%

$3,871+197.0%

$3,038+278.5%

Participant deferral / active EE

$236

$3,961-94.0%

$5,060-95.3%

$5,090-95.4%

Admin fee / account holder

$148

$288-48.6%

$8,388-98.2%

$269-45.0%

Provider

Service type

Compensation

WISCONSIN SHEET METAL H&W FUND4+ years

Filed as: WISCONSIN ELECTRICAL EMPLOYEE BENEF

Service code 13 · EIN 39-1651543

Contract Administrator

$80,124

REINHART BOERNER VAN DEUREN S.C.4+ years

Filed as: REINHART BOERNER VAN DEUREN S.C

Service code 29 · EIN 39-1126909

Legal

$67,239

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

Contract Administrator

$39,363

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSEN ALLEN

Service code 10 · EIN 41-0746749

Accounting

$32,572

MARINER LLC1 year

Filed as: MARINER INSTITUTIONAL LLC

Service code 27

4901 VINELAND RD STE 600 · ORLANDO, FL 32811

Advisory (Plan)

$20,625

ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRICAL WORKERS LOCAL UNION 159 RETIREMENT 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