Retirement plan

IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION PLAN

Name: BOARD OF TRUSTEES IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION - IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION PLAN, BOARD OF TRUSTEES IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION

BOARD OF TRUSTEES IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSIONdba PLANEIN 36-2882653Plan #001PY 2016

6525 CENTURION DRIVE - LANSING, MI 48917514-321-7502

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$85.8M

+7.5% from 2015

Total participants

742

+3.1% from 2015

Average account balance

$197,746

+6.3% from 2015

Annual return

6.94%

+8.86 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$171.55M

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

522

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.

47.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 9 by compensation

Provider	Service type	Compensation
REINHART BOERNER VAN DEUREN S.C.1 year Service code 29 · EIN 39-1126909 233 S. WACKER, STE 9400 · CHICAGO, IL 60606	Legal	$46,688
MEKETA INVESTMENT GROUP2+ years Service code 27 525 W. MONROE ST, 560 · CHICAGO, IL 60661	Advisory (Plan)	$40,000
TIC INTERNATIONAL CORPORATION2+ years Filed as: TIC INTERNATIONAL Service code 17 · EIN 13-2600875 6825 CENTURION DRIVE · LANSING, MI 48917	Pension Consulting	$36,639
KOVITZ INVESTMENT GROUP2+ years Service code 27 · EIN 91-2198169 115 SOUTH LASALLE ST. 27F · CHICAGO, IL 60603	Advisory (Plan)	$27,641
ERIC J. FERNANDEZ & CO.2+ years Service code 10 · EIN 36-3141842 895 WEST MAIN ST. · WEST DUNDEE, IL 60118	Accounting	$21,038
TRICON XI B LP2+ years Service code 99 · EIN 46-3560265	Other Fees	$18,716
IBEW LOCAL 4612+ years Service code 13 · EIN 36-1264165	Contract Administrator	$17,475
INDEPENDENT FINANCIAL PARTNERS2+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668 101 YGNACIO VALLEY RD · WALNUT CREEK, CA 94596	Investment Management	$11,266
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: NEW YORK LIFE TRUST COMPANY Service code 15 · EIN 52-2206685 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2F

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$254K

$347 / participant

Investment mgmt$40K15.8%
Contract admin$55K21.8%
Other / not subdivided$158K62.4%

% of EOY assets

0.295%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERIC J. FERNANDEZ & CO. CPA'S
Auditor EIN: 363141842
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,746

$39,859+396.1%

$78,676+151.3%

$57,658+243.0%

Participation rate

57.8%

66.1%-8.3pp

73.6%-15.8pp

70.2%-12.4pp

Annual return

6.94%

18.96%-12.0pp

62.19%-55.2pp

5.13%+1.8pp

Employer contribution / active EE

$7,608

$1,786+326.0%

$2,850+166.9%

$1,974+285.5%

Participant deferral / active EE

$2,248-100.0%

$3,517-100.0%

$3,061-100.0%

Admin fee / account holder

$584

$76+666.7%

$4,510-87.0%

$95+517.9%

Provider

Service type

Compensation

REINHART BOERNER VAN DEUREN S.C.1 year

Service code 29 · EIN 39-1126909

233 S. WACKER, STE 9400 · CHICAGO, IL 60606

Legal

$46,688

MEKETA INVESTMENT GROUP2+ years

Service code 27

525 W. MONROE ST, 560 · CHICAGO, IL 60661

Advisory (Plan)

$40,000

TIC INTERNATIONAL CORPORATION2+ years

Filed as: TIC INTERNATIONAL

Service code 17 · EIN 13-2600875

6825 CENTURION DRIVE · LANSING, MI 48917

Pension Consulting

$36,639

KOVITZ INVESTMENT GROUP2+ years

Service code 27 · EIN 91-2198169

115 SOUTH LASALLE ST. 27F · CHICAGO, IL 60603

Advisory (Plan)

$27,641

ERIC J. FERNANDEZ & CO.2+ years

Service code 10 · EIN 36-3141842

895 WEST MAIN ST. · WEST DUNDEE, IL 60118

Accounting

$21,038

TRICON XI B LP2+ years

Service code 99 · EIN 46-3560265

Other Fees

$18,716

IBEW LOCAL 4612+ years

Service code 13 · EIN 36-1264165

Contract Administrator

$17,475

INDEPENDENT FINANCIAL PARTNERS2+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 68-0370668

101 YGNACIO VALLEY RD · WALNUT CREEK, CA 94596

Investment Management

$11,266

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: NEW YORK LIFE TRUST COMPANY

Service code 15 · EIN 52-2206685

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL NO 461 DEFINED CONTRIBUTION PENSION 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