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 (2016) 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 2016

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$75.8M

+8.2% from 2015

Total participants

666

-30.8% from 2015

Average account balance

$113,759

+4.5% from 2015

Annual return

7.20%

+8.80 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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
MEKETA INVESTMENT GROUP1 year Service code 27 · EIN 04-2659023	Advisory (Plan)	$40,792
TIC INTERNATIONAL CORPORATION2+ years Service code 10 · EIN 13-2600875	Accounting	$25,576
REINHART BOERNER VAN DEUREN S.C.2+ years Filed as: REINHART, BOERNER, ET AL Service code 29 · EIN 39-1126909	Legal	$18,744
INDEPENDENT FINANCIAL PARTNERS1 year Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 27 101 YGNACIO VALLEY RD 300 · WALNUT CREEK, CA 94596	Advisory (Plan)	$11,575
BENDA, GRACE, STULZ & COMPANY, P.C.2+ years Service code 10 · EIN 38-2284921	Accounting	$10,700

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

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

$124K

$188 / participant

Investment mgmt$58K46.3%
Contract admin$19K15.1%
Other / not subdivided$48K38.6%

% of EOY assets

0.164%

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

$113,759

$57,921+96.4%

$84,753+34.2%

$57,658+97.3%

Participation rate

100.0%

72.9%+27.1pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

7.20%

10.24%-3.0pp

22.78%-15.6pp

5.13%+2.1pp

Employer contribution / active EE

$4,559

$2,598+75.5%

$3,574+27.5%

$1,974+131.0%

Participant deferral / active EE

$121

$2,742-95.6%

$3,712-96.7%

$3,061-96.0%

Admin fee / account holder

$187

$130+44.1%

$5,333-96.5%

$95+97.7%

Provider

Service type

Compensation

MEKETA INVESTMENT GROUP1 year

Service code 27 · EIN 04-2659023

Advisory (Plan)

$40,792

TIC INTERNATIONAL CORPORATION2+ years

Service code 10 · EIN 13-2600875

Accounting

$25,576

REINHART BOERNER VAN DEUREN S.C.2+ years

Filed as: REINHART, BOERNER, ET AL

Service code 29 · EIN 39-1126909

Legal

$18,744

INDEPENDENT FINANCIAL PARTNERS1 year

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 27

101 YGNACIO VALLEY RD 300 · WALNUT CREEK, CA 94596

Advisory (Plan)

$11,575

BENDA, GRACE, STULZ & COMPANY, P.C.2+ years

Service code 10 · EIN 38-2284921

Accounting

$10,700

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