Retirement plan

IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACT 401(K) RETIREMENT FUND

Name: TRUSTEES OF IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACTORS 401( - IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACT 401(K) RETIREMENT FUND (2017) Form 5500
Creator: TRUSTEES OF IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACTORS 401(
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACT 401(K) RETIREMENT FUND, TRUSTEES OF IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACTORS 401(

TRUSTEES OF IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACTORS 401(EIN 36-6519755Plan #002PY 2017

6525 CENTURION DRIVE - LANSING, MI 48917517-321-7502LinkedIn1001-5000 employeesconstruction

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$81.3M

+13.6% from 2016

Total participants

1,745

-2.4% from 2016

Average account balance

$46,574

No prior year

Annual return

11.54%

+14.55 pp from 2016

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

$142.94M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

2,003

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

$10.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 7 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$151,091
JPMORGAN INVEST HOLDINGS LLC2+ years Filed as: CHEVY CHASE TRUST COMPANY Service code 28 · EIN 52-2037618	Investment Management	$49,697
MEKETA INVESTMENT GROUP2+ years Service code 27 · EIN 04-2659023	Advisory (Plan)	$42,000
LEGACY PROFESSIONALS LLP2+ years Service code 10 · EIN 32-0043599	Accounting	$30,480
TIC INTERNATIONAL CORPORATION2+ years Service code 14 · EIN 13-2600875	Plan Administrator	$29,908
ASHER, GITTLER & D'ALBA, LTD.2+ years Service code 29 · EIN 36-2786883	Legal	$21,485
BAYVIEW DBA UNION SERVICES AGENCY2+ years Service code 22 · EIN 38-3297465	Insurance Broker	$8,312

Plan features & details

Pension benefit codes2C2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

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

$462K

$335 / participant

Investment mgmt$358K77.5%
Contract admin$21K4.6%
Other / not subdivided$83K17.9%

% of EOY assets

0.568%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,574

$221,442-79.0%

$92,240-49.5%

$77,958-40.3%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

11.54%

15.65%-4.1pp

176.29%-164.8pp

20.87%-9.3pp

Employer contribution / active EE

$5,061

$3,226+56.9%

$3,680+37.5%

$2,310+119.0%

Participant deferral / active EE

$295

$2,779-89.4%

$3,897-92.4%

$3,537-91.7%

Admin fee / account holder

$265

$210+26.1%

$5,194-94.9%

$97+171.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$151,091

JPMORGAN INVEST HOLDINGS LLC2+ years

Filed as: CHEVY CHASE TRUST COMPANY

Service code 28 · EIN 52-2037618

Investment Management

$49,697

MEKETA INVESTMENT GROUP2+ years

Service code 27 · EIN 04-2659023

Advisory (Plan)

$42,000

LEGACY PROFESSIONALS LLP2+ years

Service code 10 · EIN 32-0043599

Accounting

$30,480

TIC INTERNATIONAL CORPORATION2+ years

Service code 14 · EIN 13-2600875

Plan Administrator

$29,908

ASHER, GITTLER & D'ALBA, LTD.2+ years

Service code 29 · EIN 36-2786883

Legal

$21,485

BAYVIEW DBA UNION SERVICES AGENCY2+ years

Service code 22 · EIN 38-3297465

Insurance Broker

$8,312

IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACT 401(K) RETIREMENT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION NO. 9 AND LINE CLEARANCE CONTRACT 401(K) RETIREMENT 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