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 (2024) 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 2024

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$677.8M

+10.1% from 2023

Total participants

2,204

-2.6% from 2023

Average account balance

$307,543

+13.1% from 2023

Annual return

12.59%

+12.78 pp from 2023

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

$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 by compensation

Provider	Service type	Compensation
KEELEY-TETON ADVISORS, LLC1 year Filed as: KEELEY-TETON ADVISORS Service code 28 · EIN 81-4164631	Investment Management	$230,483
ASB CAPITAL MANAGEMENT9+ years Service code 28 · EIN 80-0618452	Investment Management	$190,770
ZENITH AMERICAN SOLUTIONS9+ years Service code 13 · EIN 52-1590516	Contract Administrator	$190,200
ARNOLD & KADJAN9+ years Service code 29 · EIN 36-2498571	Legal	$173,956
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 45-3008106	Recordkeeping	$124,443
MARQUETTE ASSOCIATES9+ years Filed as: MARQUETTE & ASSOCIATES Service code 27 · EIN 36-3485298	Advisory (Plan)	$70,000
NATIONAL INVESTMENT SERVICES9+ years Filed as: NATIONAL INVESTMENT SERVICES, INC. Service code 28 · EIN 84-3937993	Investment Management	$68,244
CALIBRE CPA GROUP PLLC9+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880	Accounting	$61,988
RICHARD J. WOLF & COMPANY8 years Filed as: RICHARD J WOLF & CO, INC Service code 10 · EIN 36-3182363	Accounting	$54,035
GREENBERG TRAURIG7 years Filed as: GREENBERG TRAURIG LLP Service code 29 · EIN 13-3613083	Legal	$30,000

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

2 tripped

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

$1.3M

$579 / participant

Recordkeeping$178K14.0%
Investment mgmt$559K43.8%
Legal$204K16.0%
Other trustee fees$12K0.9%
Contract admin$190K14.9%
Other / not subdivided$132K10.3%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

5 / 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: $61,988
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$307,543

$241,850+27.2%

$102,383+200.4%

$199,921+53.8%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

12.59%

17.67%-5.1pp

24.94%-12.3pp

34.28%-21.7pp

Employer contribution / active EE

$11,584

$4,253+172.4%

$3,870+199.3%

$3,035+281.6%

Participant deferral / active EE

$3,961-100.0%

$5,060-100.0%

$5,089-100.0%

Admin fee / account holder

$579

$288+101.0%

$8,391-93.1%

$269+115.1%

Provider

Service type

Compensation

KEELEY-TETON ADVISORS, LLC1 year

Filed as: KEELEY-TETON ADVISORS

Service code 28 · EIN 81-4164631

Investment Management

$230,483

ASB CAPITAL MANAGEMENT9+ years

Service code 28 · EIN 80-0618452

Investment Management

$190,770

ZENITH AMERICAN SOLUTIONS9+ years

Service code 13 · EIN 52-1590516

Contract Administrator

$190,200

ARNOLD & KADJAN9+ years

Service code 29 · EIN 36-2498571

Legal

$173,956

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 45-3008106

Recordkeeping

$124,443

MARQUETTE ASSOCIATES9+ years

Filed as: MARQUETTE & ASSOCIATES

Service code 27 · EIN 36-3485298

Advisory (Plan)

$70,000

NATIONAL INVESTMENT SERVICES9+ years

Filed as: NATIONAL INVESTMENT SERVICES, INC.

Service code 28 · EIN 84-3937993

Investment Management

$68,244

CALIBRE CPA GROUP PLLC9+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

Accounting

$61,988

RICHARD J. WOLF & COMPANY8 years

Filed as: RICHARD J WOLF & CO, INC

Service code 10 · EIN 36-3182363

Accounting

$54,035

GREENBERG TRAURIG7 years

Filed as: GREENBERG TRAURIG LLP

Service code 29 · EIN 13-3613083

Legal

$30,000

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