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 (2021) 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 2021

18670 GRAPHICS DRIVE - TINLEY PARK, IL 60477708-449-9004

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$376.9M

-18.5% from 2017

Total participants

2,359

+13.6% from 2017

Average account balance

$159,774

-32.0% from 2017

Annual return

29.08%

-14.14 pp from 2017

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 5 by compensation

Provider	Service type	Compensation
BENESYS, INC.2 years Filed as: BENESYS, INC Service code 13 N27 W23233 ROUNDY DR · PEWAUKEE, WI 53072	Contract Administrator	$136,944
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL Service code 19 · EIN 06-1050034	Securities Custodian	$126,860
CALIBRE CPA GROUP PLLC6+ years Service code 10 · EIN 47-0900880	Accounting	$63,065
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO CONSULTING Service code 17 · EIN 36-3555078	Pension Consulting	$20,000
US BANK4 years Service code 18 P.O. BOX 1800 · SAINT PAUL, MN 551010800	Custodial (other than securities)	$9,960

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$475K

$208 / participant

Investment mgmt$147K30.9%
Contract admin$137K28.8%
Other / not subdivided$191K40.3%

% of EOY assets

0.126%

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

$159,774

$88,770+80.0%

$109,191+46.3%

$93,010+71.8%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

29.08%

60.64%-31.6pp

25.76%+3.3pp

158.70%-129.6pp

Employer contribution / active EE

$9,034

$3,780+139.0%

$3,723+142.7%

$2,705+233.9%

Participant deferral / active EE

$3,630-100.0%

$4,653-100.0%

$4,561-100.0%

Admin fee / account holder

$201

$172+16.9%

$6,756-97.0%

$152+32.8%

Provider

Service type

Compensation

BENESYS, INC.2 years

Filed as: BENESYS, INC

Service code 13

N27 W23233 ROUNDY DR · PEWAUKEE, WI 53072

Contract Administrator

$136,944

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL

Service code 19 · EIN 06-1050034

Securities Custodian

$126,860

CALIBRE CPA GROUP PLLC6+ years

Service code 10 · EIN 47-0900880

Accounting

$63,065

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO CONSULTING

Service code 17 · EIN 36-3555078

Pension Consulting

$20,000

US BANK4 years

Service code 18

P.O. BOX 1800 · SAINT PAUL, MN 551010800

Custodial (other than securities)

$9,960

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