Retirement plan

LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION FUND

Name: TRUSTEES OF IBEW LOCAL 9 IBEW AND OUTSIDE CONTRACTORS DC PENSION FUND - LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION FUND (2017) Form 5500
Creator: TRUSTEES OF IBEW LOCAL 9 IBEW AND OUTSIDE CONTRACTORS DC PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION FUND, TRUSTEES OF IBEW LOCAL 9 IBEW AND OUTSIDE CONTRACTORS DC PENSION FUND

TRUSTEES OF IBEW LOCAL 9 IBEW AND OUTSIDE CONTRACTORS DC PENSION FUNDEIN 36-4301166Plan #002PY 2017

ONE WESTBROOK CORPORATE CTR, SUITE 430 - WESTCHESTER, IL 601545710708-449-9004

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$216.8M

-18.5% from 2017

Total participants

1,118

+13.6% from 2017

Average account balance

$264,447

-32.0% from 2017

Annual return

17.70%

-14.14 pp from 2017

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$451.78M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

2,436

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

$22.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+26.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$225,561
CALIBRE CPA GROUP PLLC2+ years Service code 10 · EIN 47-0900880	Accounting	$51,974
R. THAMES-SIMMONS2+ years Service code 30 · EIN 36-2261990	Employee (plan)	$43,015
T. JESIONSKI2+ years Service code 30 · EIN 36-2261990	Employee (plan)	$40,154
MARCO CONSULTING GROUP2+ years Filed as: THE MARCO CONSULTING COMPANY Service code 17 · EIN 36-3555078	Pension Consulting	$17,000
THE SEGAL COMPANY2+ years Service code 16 · EIN 13-1975125	Consulting	$6,234

Plan features & details

Pension benefit codes2G

Plan features

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

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

$565K

$560 / participant

Investment mgmt$243K42.9%
Other / not subdivided$323K57.1%

% of EOY assets

0.261%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,447

$221,442+19.4%

$92,240+186.7%

$77,958+239.2%

Participation rate

70.5%

79.6%-9.1pp

76.5%-6.0pp

71.6%-1.2pp

Annual return

17.70%

15.65%+2.0pp

176.29%-158.6pp

20.87%-3.2pp

Employer contribution / active EE

$16,075

$3,226+398.3%

$3,680+336.9%

$2,310+595.7%

Participant deferral / active EE

$2,779-100.0%

$3,897-100.0%

$3,537-100.0%

Admin fee / account holder

$689

$210+228.7%

$5,194-86.7%

$97+607.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$225,561

CALIBRE CPA GROUP PLLC2+ years

Service code 10 · EIN 47-0900880

Accounting

$51,974

R. THAMES-SIMMONS2+ years

Service code 30 · EIN 36-2261990

Employee (plan)

$43,015

T. JESIONSKI2+ years

Service code 30 · EIN 36-2261990

Employee (plan)

$40,154

MARCO CONSULTING GROUP2+ years

Filed as: THE MARCO CONSULTING COMPANY

Service code 17 · EIN 36-3555078

Pension Consulting

$17,000

THE SEGAL COMPANY2+ years

Service code 16 · EIN 13-1975125

Consulting

$6,234

LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL UNION NO. 9 IBEW AND OUTSIDE CONTRACTORS DEFINED CONTRIBUTION PENSION 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