Retirement plan

WISCONSIN NECA-IBEW RETIREMENT PLAN

Name: TRUSTEES OF WISCONSIN NECA-IBEW - WISCONSIN NECA-IBEW RETIREMENT PLAN (2020) Form 5500
Creator: TRUSTEES OF WISCONSIN NECA-IBEW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN NECA-IBEW RETIREMENT PLAN, TRUSTEES OF WISCONSIN NECA-IBEW

TRUSTEES OF WISCONSIN NECA-IBEWEIN 39-1571911Plan #001PY 2020

2730 DAIRY DRIVE, SUITE 101 - MADISON, WI 537186882608-276-9111

Prospect flagsHigh feesLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$573M

-9.1% from 2016

Total participants

2,408

-2.0% from 2016

Average account balance

$237,955

No prior year

Annual return

15.53%

-8.70 pp from 2016

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$715.24M

Not enough data

1 years with asset history on file

Average account balance

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

$250K

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.

2,856

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$107

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 8 by compensation

Provider	Service type	Compensation
ASB CAPITAL MANAGEMENT2 years Filed as: ASB CAPITAL MANAGEMENT, LLC Service code 28 · EIN 80-0618452	Investment Management	$167,642
REINHART BOERNER VAN DEUREN S.C.2 years Filed as: REINHART BOERNER VAN DEUREN S.C Service code 29 · EIN 39-1761679	Legal	$95,467
WEEBF2 years Service code 13 · EIN 39-1651543	Contract Administrator	$72,188
JP MORGAN INVESTMENT MANAGEMENT INC6+ years Filed as: JENSEN INVESTMENT MANAGEMENT Service code 28 · EIN 93-0978027	Investment Management	$52,765
ANDCO CONSULTING1 year Filed as: ANDCO Service code 28 · EIN 59-3676225	Investment Management	$36,250
US BANK2 years Filed as: U.S. BANK NATIONAL ASSOCIATION Service code 19 · EIN 31-0841368	Securities Custodian	$20,606
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$20,108
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$868

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2G2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$785K

$373 / participant

Investment mgmt$277K35.3%
Contract admin$357K45.5%
Other / not subdivided$151K19.2%

% of EOY assets

0.137%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$237,955

$81,719+191.2%

$101,275+135.0%

$90,274+163.6%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

15.53%

337.64%-322.1pp

46.46%-30.9pp

53.97%-38.4pp

Employer contribution / active EE

$9,387

$3,622+159.1%

$3,660+156.5%

$2,523+272.0%

Participant deferral / active EE

$53

$3,310-98.4%

$4,370-98.8%

$4,231-98.8%

Admin fee / account holder

$326

$162+101.4%

$5,948-94.5%

$114+185.8%

Provider

Service type

Compensation

ASB CAPITAL MANAGEMENT2 years

Filed as: ASB CAPITAL MANAGEMENT, LLC

Service code 28 · EIN 80-0618452

Investment Management

$167,642

REINHART BOERNER VAN DEUREN S.C.2 years

Filed as: REINHART BOERNER VAN DEUREN S.C

Service code 29 · EIN 39-1761679

Legal

$95,467

WEEBF2 years

Service code 13 · EIN 39-1651543

Contract Administrator

$72,188

JP MORGAN INVESTMENT MANAGEMENT INC6+ years

Filed as: JENSEN INVESTMENT MANAGEMENT

Service code 28 · EIN 93-0978027

Investment Management

$52,765

ANDCO CONSULTING1 year

Filed as: ANDCO

Service code 28 · EIN 59-3676225

Investment Management

$36,250

US BANK2 years

Filed as: U.S. BANK NATIONAL ASSOCIATION

Service code 19 · EIN 31-0841368

Securities Custodian

$20,606

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$20,108

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$868

WISCONSIN NECA-IBEW RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN NECA-IBEW RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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