Retirement plan

IBEW LOCAL 701 RETIREMENT SAVINGS FUND

Name: BOARD OF TRUSTEES-LOCAL 701 RETIREMENT SAVINGS FUND - IBEW LOCAL 701 RETIREMENT SAVINGS FUND (2022) Form 5500
Creator: BOARD OF TRUSTEES-LOCAL 701 RETIREMENT SAVINGS FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 701 RETIREMENT SAVINGS FUND, BOARD OF TRUSTEES-LOCAL 701 RETIREMENT SAVINGS FUND

BOARD OF TRUSTEES-LOCAL 701 RETIREMENT SAVINGS FUNDEIN 36-6455509Plan #002PY 2022

28600 BELLA VISTA PKWAY - STE 1110 - WARRENVILLE, IL 605551608630-393-1701

Other plans on this EIN

1 filing

#001Retirement-$425.6M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$337.2M

-8.2% from 2017

Total participants

2,054

+6.7% from 2017

Average account balance

$164,172

No prior year

Annual return

-3.18%

-7.58 pp from 2017

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$418.65M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

2,023

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

$17.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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
PRUDENTIAL RETIREMENT INSURANCE AND4 years Filed as: PRUDENTIAL RETIREMENT INS & ANNUITY Service code 19 · EIN 06-1050034	Securities Custodian	$115,629
CALIBRE CPA GROUP PLLC7+ years Service code 10 · EIN 47-0900880 230 W. MONROE ST. SUITE 310 · CHICAGO, IL 60606	Accounting	$15,750
MARQUETTE ASSOCIATES7+ years Filed as: MARQUETTE ASSOCIATES, INC. Service code 70 · EIN 36-3485298 180 NORTH LASALLE ST, STE 3500 · CHICAGO, IL 60601	Consulting Fees	$14,040
HUNT INSURANCE AGENCY, INC.4 years Filed as: HUNT INSURANCE AGENCY, INC Service code 53	Insurance Commissions	$9,280
ARNOLD & KADJAN7+ years Service code 29 · EIN 36-2498571 35 EAST WACKER DRIVE, SUITE 600 · CHICAGO, IL 60601	Legal	$9,205

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$261K

$146 / participant

Investment mgmt$131K50.2%
Other / not subdivided$130K49.8%

% of EOY assets

0.077%

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

$164,172

$76,774+113.8%

$112,270+46.2%

$77,906+110.7%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-3.18%

-10.25%+7.1pp

27.49%-30.7pp

12.16%-15.3pp

Employer contribution / active EE

$8,487

$3,977+113.4%

$3,635+133.4%

$2,846+198.2%

Participant deferral / active EE

$48

$3,778-98.7%

$4,729-99.0%

$4,805-99.0%

Admin fee / account holder

$127

$239-46.9%

$6,411-98.0%

$133-4.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4 years

Filed as: PRUDENTIAL RETIREMENT INS & ANNUITY

Service code 19 · EIN 06-1050034

Securities Custodian

$115,629

CALIBRE CPA GROUP PLLC7+ years

Service code 10 · EIN 47-0900880

230 W. MONROE ST. SUITE 310 · CHICAGO, IL 60606

Accounting

$15,750

MARQUETTE ASSOCIATES7+ years

Filed as: MARQUETTE ASSOCIATES, INC.

Service code 70 · EIN 36-3485298

180 NORTH LASALLE ST, STE 3500 · CHICAGO, IL 60601

Consulting Fees

$14,040

HUNT INSURANCE AGENCY, INC.4 years

Filed as: HUNT INSURANCE AGENCY, INC

Service code 53

Insurance Commissions

$9,280

ARNOLD & KADJAN7+ years

Service code 29 · EIN 36-2498571

35 EAST WACKER DRIVE, SUITE 600 · CHICAGO, IL 60601

Legal

$9,205

IBEW LOCAL 701 RETIREMENT SAVINGS FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 701 RETIREMENT SAVINGS 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