Retirement plan

NECA-IBEW LOCAL 176 PENSION TRUST FUND

Name: TRUSTEES OF THE NECA-IBEW LOCAL 176 PENSION TRUST FUND - NECA-IBEW LOCAL 176 PENSION TRUST FUND (2020) Form 5500
Creator: TRUSTEES OF THE NECA-IBEW LOCAL 176 PENSION TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NECA-IBEW LOCAL 176 PENSION TRUST FUND, TRUSTEES OF THE NECA-IBEW LOCAL 176 PENSION TRUST FUND

TRUSTEES OF THE NECA-IBEW LOCAL 176 PENSION TRUST FUNDEIN 36-2953263Plan #001PY 2020

1100 N E FRONTAGE ROAD - JOLIET, IL 604312798815-729-2666

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$517.8M

-8.2% from 2017

Total participants

2,673

+7.2% from 2017

Average account balance

$193,715

No prior year

Annual return

3.64%

-10.02 pp from 2017

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$724.82M

Not enough data

1 years with asset history on file

Average account balance

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

$335K

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.

2,166

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

$27.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+7.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$553

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 13 by compensation

Provider	Service type	Compensation
ARNOLD & KADJAN5+ years Service code 29 · EIN 36-2498571	Legal	$193,804
ZENITH AMERICAN SOLUTIONS5+ years Service code 13 · EIN 52-1590516	Contract Administrator	$189,904
ASB CAPITAL MANAGEMENT5+ years Service code 51 · EIN 80-0618452	Investment Mgmt Fees	$174,587
DEARBORN PARTNERS5+ years Filed as: DEARBORN PARTNERS, LLC Service code 51 200 W MADISON ST, STE 1950 · CHICAGO, IL 60606	Investment Mgmt Fees	$170,395
GREAT LAKES ADVISORS, LLC5+ years Service code 51 · EIN 80-0292839	Investment Mgmt Fees	$71,802
RHUMBLINE ADVISORS5+ years Service code 28 · EIN 04-3118582	Investment Management	$66,722
MARQUETTE ASSOCIATES5+ years Filed as: MARQUETTE & ASSOCIATES Service code 16 · EIN 36-3485298	Consulting	$62,583
NATIONAL INVESTMENT SERVICES5+ years Filed as: NATIONAL INVESTMENT SERVICES, INC. Service code 51 · EIN 80-0169636	Investment Mgmt Fees	$62,322
CALIBRE CPA GROUP PLLC5+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880	Accounting	$58,175
BMO HARRIS BANK NA5+ years Filed as: BMO HARRIS BANK Service code 19 · EIN 36-2085229	Securities Custodian	$42,733

Plan features & details

Pension benefit codes2C2E2F2H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

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

$1.2M

$462 / participant

Investment mgmt$650K52.7%
Contract admin$190K15.4%
Other / not subdivided$394K31.9%

% of EOY assets

0.238%

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: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$193,715

$110,699+75.0%

$177,839+8.9%

$90,274+114.6%

Participation rate

100.0%

88.3%+11.7pp

87.7%+12.3pp

73.4%+26.6pp

Annual return

3.64%

22.79%-19.1pp

48.33%-44.7pp

53.97%-50.3pp

Employer contribution / active EE

$8,149

$4,118+97.9%

$5,919+37.7%

$2,523+222.9%

Participant deferral / active EE

$6,731-100.0%

$7,714-100.0%

$4,231-100.0%

Admin fee / account holder

$462

$90+412.7%

$12,432-96.3%

$114+304.6%

Provider

Service type

Compensation

ARNOLD & KADJAN5+ years

Service code 29 · EIN 36-2498571

Legal

$193,804

ZENITH AMERICAN SOLUTIONS5+ years

Service code 13 · EIN 52-1590516

Contract Administrator

$189,904

ASB CAPITAL MANAGEMENT5+ years

Service code 51 · EIN 80-0618452

Investment Mgmt Fees

$174,587

DEARBORN PARTNERS5+ years

Filed as: DEARBORN PARTNERS, LLC

Service code 51

200 W MADISON ST, STE 1950 · CHICAGO, IL 60606

Investment Mgmt Fees

$170,395

GREAT LAKES ADVISORS, LLC5+ years

Service code 51 · EIN 80-0292839

Investment Mgmt Fees

$71,802

RHUMBLINE ADVISORS5+ years

Service code 28 · EIN 04-3118582

Investment Management

$66,722

MARQUETTE ASSOCIATES5+ years

Filed as: MARQUETTE & ASSOCIATES

Service code 16 · EIN 36-3485298

Consulting

$62,583

NATIONAL INVESTMENT SERVICES5+ years

Filed as: NATIONAL INVESTMENT SERVICES, INC.

Service code 51 · EIN 80-0169636

Investment Mgmt Fees

$62,322

CALIBRE CPA GROUP PLLC5+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

Accounting

$58,175

BMO HARRIS BANK NA5+ years

Filed as: BMO HARRIS BANK

Service code 19 · EIN 36-2085229

Securities Custodian

$42,733

NECA-IBEW LOCAL 176 PENSION TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NECA-IBEW LOCAL 176 PENSION TRUST FUND

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