Retirement plan

IBEW LOCAL UNION NO 252 DEF CONTRIB PLAN 401K PLAN

Name: JT BOARD TRUSTEES IBEW LOCAL 252 - IBEW LOCAL UNION NO 252 DEF CONTRIB PLAN 401K PLAN (2017) Form 5500
Creator: JT BOARD TRUSTEES IBEW LOCAL 252
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION NO 252 DEF CONTRIB PLAN 401K PLAN, JT BOARD TRUSTEES IBEW LOCAL 252

JT BOARD TRUSTEES IBEW LOCAL 252EIN 38-6323896Plan #002PY 2017

3135 S. STATE ST., SUITE 105 - ANN ARBOR, MI 481081653734-663-2178

Other plans on this EIN

1 filing

#001Retirement-$131.0M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$81.5M

-9.0% from 2017

Total participants

1,201

-4.1% from 2017

Average account balance

$67,849

-5.2% from 2017

Annual return

10.20%

-11.84 pp from 2017

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

$143.06M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

1,068

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.

78.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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 6 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2+ years Filed as: ADP Service code 15 · EIN 22-1467904	Recordkeeping	$76,503
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$56,363
CONLIN'S FURNITURE2+ years Filed as: CONLIN, MCKENNEY & PHILBRICK Service code 29 · EIN 38-2772489	Legal	$49,078
ANN ARBOR BENEFIT ADMINISTRATORS2+ years Service code 13 · EIN 38-2866123	Contract Administrator	$35,103
POLK AND ASSOCIATES, P.L.C.1 year Service code 10 · EIN 38-3388760	Accounting	$25,965
ADP BROKER-DEALER2+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2G2J

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$248K

$217 / participant

Investment mgmt$133K53.5%
Contract admin$35K14.1%
Other / not subdivided$80K32.3%

% of EOY assets

0.304%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: POLK AND ASSOCIATES, P.L.C.
Auditor EIN: 383388760
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,849

$221,442-69.4%

$92,240-26.4%

$77,958-13.0%

Participation rate

100.0%

79.6%+20.4pp

76.5%+23.5pp

71.6%+28.4pp

Annual return

10.20%

15.65%-5.5pp

176.29%-166.1pp

20.87%-10.7pp

Employer contribution / active EE

$3,808

$3,226+18.0%

$3,680+3.5%

$2,310+64.8%

Participant deferral / active EE

$1,379

$2,779-50.4%

$3,897-64.6%

$3,537-61.0%

Admin fee / account holder

$207

$210-1.5%

$5,194-96.0%

$97+112.1%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Filed as: ADP

Service code 15 · EIN 22-1467904

Recordkeeping

$76,503

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$56,363

CONLIN'S FURNITURE2+ years

Filed as: CONLIN, MCKENNEY & PHILBRICK

Service code 29 · EIN 38-2772489

Legal

$49,078

ANN ARBOR BENEFIT ADMINISTRATORS2+ years

Service code 13 · EIN 38-2866123

Contract Administrator

$35,103

POLK AND ASSOCIATES, P.L.C.1 year

Service code 10 · EIN 38-3388760

Accounting

$25,965

ADP BROKER-DEALER2+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

IBEW LOCAL UNION NO 252 DEF CONTRIB PLAN 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION NO 252 DEF CONTRIB PLAN 401K PLAN

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