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 (2023) 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 2023

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

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$615.6M

-8.2% from 2017

Total participants

2,263

+7.2% from 2017

Average account balance

$272,028

No prior year

Annual return

-0.19%

-10.02 pp from 2017

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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 11 by compensation

Provider	Service type	Compensation
DEARBORN PARTNERS8+ years Filed as: DEARBORN PARTNERS, LLC Service code 28 · EIN 36-4145621	Investment Management	$202,745
ASB CAPITAL MANAGEMENT8+ years Service code 28 · EIN 80-0618452	Investment Management	$196,447
ARNOLD & KADJAN8+ years Service code 29 · EIN 36-2498571	Legal	$192,682
ZENITH AMERICAN SOLUTIONS8+ years Service code 13 · EIN 52-1590516	Contract Administrator	$190,200
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 45-3008106	Recordkeeping	$122,275
CALIBRE CPA GROUP PLLC8+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880	Accounting	$78,663
NATIONAL INVESTMENT SERVICES8+ years Filed as: NATIONAL INVESTMENT SERVICES, INC. Service code 28 · EIN 84-3937993	Investment Management	$71,454
MARQUETTE ASSOCIATES8+ years Filed as: MARQUETTE & ASSOCIATES Service code 27 · EIN 36-3485298	Advisory (Plan)	$62,000
GREENBERG TRAURIG6 years Filed as: GREENBERG TRAURIG LLP Service code 29 · EIN 13-3613083	Legal	$30,000
RICHARD J. WOLF & COMPANY7 years Filed as: RICHARD J WOLF & CO, INC Service code 10 · EIN 36-3182363	Accounting	$29,332

Plan features & details

Pension benefit codes2C2E2F2G2T

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).
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

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

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$559 / participant

Investment mgmt$662K52.3%
Contract admin$190K15.0%
Other / not subdivided$412K32.6%

% of EOY assets

0.205%

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

$272,028

$88,479+207.4%

$96,543+181.8%

$80,187+239.2%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

-0.19%

22.53%-22.7pp

35.75%-35.9pp

40.40%-40.6pp

Employer contribution / active EE

$10,971

$4,177+162.6%

$3,741+193.3%

$2,980+268.2%

Participant deferral / active EE

$3,961-100.0%

$4,880-100.0%

$5,016-100.0%

Admin fee / account holder

$559

$211+164.2%

$6,737-91.7%

$145+285.3%

Provider

Service type

Compensation

DEARBORN PARTNERS8+ years

Filed as: DEARBORN PARTNERS, LLC

Service code 28 · EIN 36-4145621

Investment Management

$202,745

ASB CAPITAL MANAGEMENT8+ years

Service code 28 · EIN 80-0618452

Investment Management

$196,447

ARNOLD & KADJAN8+ years

Service code 29 · EIN 36-2498571

Legal

$192,682

ZENITH AMERICAN SOLUTIONS8+ years

Service code 13 · EIN 52-1590516

Contract Administrator

$190,200

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 45-3008106

Recordkeeping

$122,275

CALIBRE CPA GROUP PLLC8+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

Accounting

$78,663

NATIONAL INVESTMENT SERVICES8+ years

Filed as: NATIONAL INVESTMENT SERVICES, INC.

Service code 28 · EIN 84-3937993

Investment Management

$71,454

MARQUETTE ASSOCIATES8+ years

Filed as: MARQUETTE & ASSOCIATES

Service code 27 · EIN 36-3485298

Advisory (Plan)

$62,000

GREENBERG TRAURIG6 years

Filed as: GREENBERG TRAURIG LLP

Service code 29 · EIN 13-3613083

Legal

$30,000

RICHARD J. WOLF & COMPANY7 years

Filed as: RICHARD J WOLF & CO, INC

Service code 10 · EIN 36-3182363

Accounting

$29,332

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