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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$159.0M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$95M

-9.0% from 2017

Total participants

1,240

-4.1% from 2017

Average account balance

$81,580

-5.2% from 2017

Annual return

7.77%

-11.84 pp from 2017

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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
CONLIN'S FURNITURE5+ years Filed as: CONLIN, MCKENNEY & PHILBRICK Service code 29 · EIN 38-2772489	Legal	$126,322
ADP BROKER-DEALER5+ years Filed as: ADP Service code 15 · EIN 22-1467904	Recordkeeping	$73,116
RBC WEALTH MANAGEMENT2 years Service code 27 38505 WOODWARD, STE 150 · BLOOMFIELD HILLS, MI 483049904	Advisory (Plan)	$64,944
ANN ARBOR BENEFIT ADMINISTRATORS5+ years Service code 13 · EIN 38-2866123	Contract Administrator	$35,578
POLK AND ASSOCIATES, P.L.C.4 years Service code 10 · EIN 38-3388760	Accounting	$27,940
ADP BROKER-DEALER5+ 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

$345K

$297 / participant

Investment mgmt$138K40.0%
Contract admin$36K10.3%
Other / not subdivided$172K49.7%

% of EOY assets

0.364%

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

$81,580

$81,719-0.2%

$101,275-19.4%

$90,274-9.6%

Participation rate

93.5%

80.7%+12.7pp

75.8%+17.7pp

73.4%+20.1pp

Annual return

7.77%

337.64%-329.9pp

46.46%-38.7pp

53.97%-46.2pp

Employer contribution / active EE

$3,871

$3,622+6.9%

$3,660+5.8%

$2,523+53.4%

Participant deferral / active EE

$1,553

$3,310-53.1%

$4,370-64.5%

$4,231-63.3%

Admin fee / account holder

$297

$162+83.2%

$5,948-95.0%

$114+160.1%

Provider

Service type

Compensation

CONLIN'S FURNITURE5+ years

Filed as: CONLIN, MCKENNEY & PHILBRICK

Service code 29 · EIN 38-2772489

Legal

$126,322

ADP BROKER-DEALER5+ years

Filed as: ADP

Service code 15 · EIN 22-1467904

Recordkeeping

$73,116

RBC WEALTH MANAGEMENT2 years

Service code 27

38505 WOODWARD, STE 150 · BLOOMFIELD HILLS, MI 483049904

Advisory (Plan)

$64,944

ANN ARBOR BENEFIT ADMINISTRATORS5+ years

Service code 13 · EIN 38-2866123

Contract Administrator

$35,578

POLK AND ASSOCIATES, P.L.C.4 years

Service code 10 · EIN 38-3388760

Accounting

$27,940

ADP BROKER-DEALER5+ 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