Retirement plan

PENSION PLAN FOR THE LOCAL UNION NO. 131 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WRKRS

Name: BOARD OF TRUSTEES OF THE PEN. PLAN FOR THE LOCAL UNION NO. 131 IBEW - PENSION PLAN FOR THE LOCAL UNION NO. 131 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WRKRS (2015) Form 5500
Creator: BOARD OF TRUSTEES OF THE PEN. PLAN FOR THE LOCAL UNION NO. 131 IBEW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN FOR THE LOCAL UNION NO. 131 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WRKRS, BOARD OF TRUSTEES OF THE PEN. PLAN FOR THE LOCAL UNION NO. 131 IBEW

BOARD OF TRUSTEES OF THE PEN. PLAN FOR THE LOCAL UNION NO. 131 IBEWEIN 38-6234993Plan #001PY 2015

6525 CENTURION DRIVE - LANSING, MI 489179275517-321-7502

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$70M

No prior year

Total participants

963

No prior year

Average account balance

$108,851

No prior year

Annual return

-1.60%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$111.60M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

1,017

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

$7.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
DISABATO ADVISERS, LLC1+ years Filed as: DISABATO ADVISERS LLC. Service code 27 · EIN 35-2323525	Advisory (Plan)	$44,500
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: SIERRA INVESTMENT PARTNERS Service code 27 P.O. BOX 5727 · VACAVILLE, CA 956965727	Advisory (Plan)	$27,764
REINHART BOERNER VAN DEUREN S.C.1+ years Filed as: REINHART, BOERNER, ET AL Service code 29 · EIN 39-1126909	Legal	$25,489
TIC INTERNATIONAL CORPORATION1+ years Service code 10 · EIN 13-2600875	Accounting	$24,334
BENDA, GRACE, STULZ & COMPANY, P.C.1+ years Service code 10 · EIN 38-2284921	Accounting	$10,500

Plan features & details

Pension benefit codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$167K

$174 / participant

Investment mgmt$73K43.8%
Contract admin$19K11.3%
Other / not subdivided$75K44.9%

% of EOY assets

0.239%

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: BENDA, GRACE, STULZ & COMPANY, P.C.
Auditor EIN: 382284921
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,851

$50,498+115.6%

$75,784+43.6%

$55,191+97.2%

Participation rate

66.7%

69.4%-2.8pp

75.8%-9.2pp

69.2%-2.5pp

Annual return

-1.60%

1.80%-3.4pp

9.68%-11.3pp

10.78%-12.4pp

Employer contribution / active EE

$2,807

$2,291+22.6%

$3,323-15.5%

$1,899+47.9%

Participant deferral / active EE

$78

$2,589-97.0%

$3,652-97.9%

$3,046-97.5%

Admin fee / account holder

$260

$123+111.3%

$5,300-95.1%

$91+186.4%

Provider

Service type

Compensation

DISABATO ADVISERS, LLC1+ years

Filed as: DISABATO ADVISERS LLC.

Service code 27 · EIN 35-2323525

Advisory (Plan)

$44,500

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: SIERRA INVESTMENT PARTNERS

Service code 27

P.O. BOX 5727 · VACAVILLE, CA 956965727

Advisory (Plan)

$27,764

REINHART BOERNER VAN DEUREN S.C.1+ years

Filed as: REINHART, BOERNER, ET AL

Service code 29 · EIN 39-1126909

Legal

$25,489

TIC INTERNATIONAL CORPORATION1+ years

Service code 10 · EIN 13-2600875

Accounting

$24,334

BENDA, GRACE, STULZ & COMPANY, P.C.1+ years

Service code 10 · EIN 38-2284921

Accounting

$10,500

PENSION PLAN FOR THE LOCAL UNION NO. 131 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WRKRS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN FOR THE LOCAL UNION NO. 131 INTERNATIONAL BROTHERHOOD OF ELECTRICAL WRKRS

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