Retirement plan

NECA-IBEW LOCAL 364 DEFINED CONTRIBUTION PLAN

Name: TRUSTEES OF NECA-IBEW LOCAL 364 CONTRIBUTION PENSION TRUST FUND - NECA-IBEW LOCAL 364 DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: TRUSTEES OF NECA-IBEW LOCAL 364 CONTRIBUTION PENSION TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NECA-IBEW LOCAL 364 DEFINED CONTRIBUTION PLAN, TRUSTEES OF NECA-IBEW LOCAL 364 CONTRIBUTION PENSION TRUST FUND

TRUSTEES OF NECA-IBEW LOCAL 364 CONTRIBUTION PENSION TRUST FUNDEIN 36-3306560Plan #002PY 2024

6820 MILL ROAD - ROCKFORD, IL 61108815-398-6282LinkedIn1001-5000 employeesconstruction

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$467.8M

-10.6% from 2017

Total participants

1,160

-0.2% from 2017

Average account balance

$403,243

-11.2% from 2017

Annual return

12.79%

-14.44 pp from 2017

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$489.39M

Not enough data

1 years with asset history on file

Average account balance

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

$390K

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.

1,254

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

$22.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+6.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 64 · EIN 04-2647786 PO BOX 770002, SLG6C · CINCINNATI, OH 452770090	Recordkeeping Fees	$184,869
MEKETA INVESTMENT GROUP9+ years Service code 17 · EIN 04-2659023 100 LOWDER BROOK DRIVE · WESTWOOD, MA 02090	Pension Consulting	$105,000
DOLAN MCENIRY CAPITAL MANAGEMENT9+ years Filed as: DOLAN, MCENIRY CAPITAL MANAGEMENT Service code 28 · EIN 36-4169967 120 N. LASALLE ST.STE1510 · CHICAGO, IL 60602	Investment Management	$60,591
TIC INTERNATIONAL CORPORATION9+ years Filed as: TIC INTERNATIONAL Service code 13 · EIN 13-2600875 6525 CENTURION DRIVE · LANSING, MI 489179275	Contract Administrator	$54,776
WHITE OAK GLOBAL ADVISORS, LLC7 years Service code 28 · EIN 26-0340395 3 EMBARCADERO CENTER · SAN FRANCISCO, CA 94111	Investment Management	$42,658
ERIC J. FERNANDEZ & CO.9+ years Filed as: ERIC J. FERNANDEZ & CO. CPA'S Service code 10 · EIN 36-3141842 895 W. MAIN ST. STE 1000 · WEST DUNDEE, IL 60118	Accounting	$28,075
BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years Filed as: BAUM, SIGMAN AUERBACH & NEUMAN LTD. Service code 29 · EIN 36-2744057 200 W. ADAMS ST. STE 2200 · CHICAGO, IL 606065231	Legal	$25,009
TRICON XI B LP9+ years Service code 99 · EIN 46-3560265	Other Fees	$16,408

Plan features & details

Pension benefit codes2C2G2R

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

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

$563K

$596 / participant

Investment mgmt$410K72.9%
Legal$25K4.4%
Contract admin$55K9.7%
Other / not subdivided$73K12.9%

% of EOY assets

0.120%

all-in expense ratio

Categories reported

3 / 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.
Auditor EIN: 363141842
Audit fees: $28,075
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$403,243

$83,023+385.7%

$102,437+293.6%

$77,762+418.6%

Participation rate

100.0%

71.5%+28.5pp

74.5%+25.5pp

70.6%+29.4pp

Annual return

12.79%

19.12%-6.3pp

24.95%-12.2pp

31.27%-18.5pp

Employer contribution / active EE

$27,344

$3,552+669.7%

$3,871+606.5%

$2,728+902.3%

Participant deferral / active EE

$4,110-100.0%

$5,060-100.0%

$4,651-100.0%

Admin fee / account holder

$485

$639-24.1%

$8,388-94.2%

$433+12.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 64 · EIN 04-2647786

PO BOX 770002, SLG6C · CINCINNATI, OH 452770090

Recordkeeping Fees

$184,869

MEKETA INVESTMENT GROUP9+ years

Service code 17 · EIN 04-2659023

100 LOWDER BROOK DRIVE · WESTWOOD, MA 02090

Pension Consulting

$105,000

DOLAN MCENIRY CAPITAL MANAGEMENT9+ years

Filed as: DOLAN, MCENIRY CAPITAL MANAGEMENT

Service code 28 · EIN 36-4169967

120 N. LASALLE ST.STE1510 · CHICAGO, IL 60602

Investment Management

$60,591

TIC INTERNATIONAL CORPORATION9+ years

Filed as: TIC INTERNATIONAL

Service code 13 · EIN 13-2600875

6525 CENTURION DRIVE · LANSING, MI 489179275

Contract Administrator

$54,776

WHITE OAK GLOBAL ADVISORS, LLC7 years

Service code 28 · EIN 26-0340395

3 EMBARCADERO CENTER · SAN FRANCISCO, CA 94111

Investment Management

$42,658

ERIC J. FERNANDEZ & CO.9+ years

Filed as: ERIC J. FERNANDEZ & CO. CPA'S

Service code 10 · EIN 36-3141842

895 W. MAIN ST. STE 1000 · WEST DUNDEE, IL 60118

Accounting

$28,075

BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years

Filed as: BAUM, SIGMAN AUERBACH & NEUMAN LTD.

Service code 29 · EIN 36-2744057

200 W. ADAMS ST. STE 2200 · CHICAGO, IL 606065231

Legal

$25,009

TRICON XI B LP9+ years

Service code 99 · EIN 46-3560265

Other Fees

$16,408

NECA-IBEW LOCAL 364 DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NECA-IBEW LOCAL 364 DEFINED CONTRIBUTION 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