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 (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement-$143.6M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$88.4M

-9.0% from 2017

Total participants

1,234

-4.1% from 2017

Average account balance

$71,611

-5.2% from 2017

Annual return

7.96%

-11.84 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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-DEALER3+ years Filed as: ADP Service code 15 · EIN 22-1467904	Recordkeeping	$79,760
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$60,027
CONLIN'S FURNITURE3+ years Filed as: CONLIN, MCKENNEY & PHILBRICK Service code 29 · EIN 38-2772489	Legal	$46,937
ANN ARBOR BENEFIT ADMINISTRATORS3+ years Service code 13 · EIN 38-2866123	Contract Administrator	$37,267
POLK AND ASSOCIATES, P.L.C.2 years Service code 10 · EIN 38-3388760	Accounting	$23,225
ADP BROKER-DEALER3+ years Service code 60 · EIN 22-3319984	Sub-TA Fees	$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

1 tripped

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

$256K

$219 / participant

Investment mgmt$140K54.5%
Contract admin$37K14.5%
Other / not subdivided$79K30.9%

% of EOY assets

0.290%

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

$71,611

$60,396+18.6%

$83,831-14.6%

$75,289-4.9%

Participation rate

100.0%

80.7%+19.3pp

76.1%+23.9pp

72.4%+27.6pp

Annual return

7.96%

3.84%+4.1pp

850.99%-843.0pp

-0.04%+8.0pp

Employer contribution / active EE

$3,874

$3,343+15.9%

$3,631+6.7%

$2,405+61.1%

Participant deferral / active EE

$1,419

$2,922-51.4%

$4,082-65.2%

$3,739-62.0%

Admin fee / account holder

$208

$141+47.1%

$5,479-96.2%

$102+103.0%

Provider

Service type

Compensation

ADP BROKER-DEALER3+ years

Filed as: ADP

Service code 15 · EIN 22-1467904

Recordkeeping

$79,760

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$60,027

CONLIN'S FURNITURE3+ years

Filed as: CONLIN, MCKENNEY & PHILBRICK

Service code 29 · EIN 38-2772489

Legal

$46,937

ANN ARBOR BENEFIT ADMINISTRATORS3+ years

Service code 13 · EIN 38-2866123

Contract Administrator

$37,267

POLK AND ASSOCIATES, P.L.C.2 years

Service code 10 · EIN 38-3388760

Accounting

$23,225

ADP BROKER-DEALER3+ years

Service code 60 · EIN 22-3319984

Sub-TA Fees

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