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 (2020) 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 2020

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

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$126.3M

+11.1% from 2019

Total participants

887

+10.0% from 2019

Average account balance

$289,093

+8.1% from 2019

Annual return

12.53%

-6.84 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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
MEKETA INVESTMENT GROUP6+ years Service code 17 · EIN 04-2659023 525 W. MONROE ST, 560 · CHICAGO, IL 60661	Pension Consulting	$75,000
REINHART BOERNER VAN DEUREN S.C.5 years Service code 29 · EIN 39-1126909 233 S. WACKER, STE 9400 · CHICAGO, IL 60606	Legal	$48,300
TIC INTERNATIONAL CORPORATION6+ years Filed as: TIC INTERNATIONAL Service code 17 · EIN 13-2600875 6825 CENTURION DRIVE · LANSING, MI 48917	Pension Consulting	$38,470
KOVITZ INVESTMENT GROUP6+ years Service code 27 · EIN 91-2198169 115 SOUTH LASALLE ST. 27F · CHICAGO, IL 60603	Advisory (Plan)	$34,965
ERIC J. FERNANDEZ & CO.6+ years Service code 10 · EIN 36-3141842 895 WEST MAIN ST. · WEST DUNDEE, IL 60118	Accounting	$22,683
IBEW LOCAL 4616+ years Service code 13 · EIN 36-1264165	Contract Administrator	$11,957
TRICON XI B LP6+ years Service code 99 · EIN 46-3560265	Other Fees	$10,982
RICHARD J. WOLF & COMPANY1 year Filed as: RICHARD J. WOLF CO. Service code 10 · EIN 36-3182363 P.O. BOX 591 · PALOS PARK, IL 60464	Accounting	$5,172
JP MORGAN INVESTMENT MANAGEMENT INC6+ years Filed as: NEW YORK LIFE TRUST COMPANY Service code 15 · EIN 13-5582869 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$2,111

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

3 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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$161K

$184 / participant

Contract admin$52K32.2%
Other / not subdivided$109K67.8%

% of EOY assets

0.127%

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: 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

$289,093

$52,722+448.3%

$90,440+219.7%

$73,412+293.8%

Participation rate

48.5%

67.7%-19.2pp

72.7%-24.2pp

72.2%-23.7pp

Annual return

12.53%

20.70%-8.2pp

1294.38%-1281.9pp

59.30%-46.8pp

Employer contribution / active EE

$6,693

$1,872+257.6%

$3,263+105.1%

$2,234+199.6%

Participant deferral / active EE

$2,810-100.0%

$3,964-100.0%

$3,806-100.0%

Admin fee / account holder

$367

$117+214.4%

$5,615-93.5%

$158+132.6%

Provider

Service type

Compensation

MEKETA INVESTMENT GROUP6+ years

Service code 17 · EIN 04-2659023

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

Pension Consulting

$75,000

REINHART BOERNER VAN DEUREN S.C.5 years

Service code 29 · EIN 39-1126909

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

Legal

$48,300

TIC INTERNATIONAL CORPORATION6+ years

Filed as: TIC INTERNATIONAL

Service code 17 · EIN 13-2600875

6825 CENTURION DRIVE · LANSING, MI 48917

Pension Consulting

$38,470

KOVITZ INVESTMENT GROUP6+ years

Service code 27 · EIN 91-2198169

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

Advisory (Plan)

$34,965

ERIC J. FERNANDEZ & CO.6+ years

Service code 10 · EIN 36-3141842

895 WEST MAIN ST. · WEST DUNDEE, IL 60118

Accounting

$22,683

IBEW LOCAL 4616+ years

Service code 13 · EIN 36-1264165

Contract Administrator

$11,957

TRICON XI B LP6+ years

Service code 99 · EIN 46-3560265

Other Fees

$10,982

RICHARD J. WOLF & COMPANY1 year

Filed as: RICHARD J. WOLF CO.

Service code 10 · EIN 36-3182363

P.O. BOX 591 · PALOS PARK, IL 60464

Accounting

$5,172

JP MORGAN INVESTMENT MANAGEMENT INC6+ years

Filed as: NEW YORK LIFE TRUST COMPANY

Service code 15 · EIN 13-5582869

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

$2,111

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