Retirement plan

WISCONSIN NECA-IBEW RETIREMENT PLAN

Name: TRUSTEES OF WISCONSIN NECA-IBEW - WISCONSIN NECA-IBEW RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$541.8M

-9.1% from 2016

Total participants

2,529

-2.0% from 2016

Average account balance

$214,226

No prior year

Annual return

-17.88%

-8.70 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Service code 13 · EIN 06-1050034	Contract Administrator	$197,268
REINHART BOERNER VAN DEUREN S.C.4 years Filed as: REINHART BOERNER VAN DEUREN S.C Service code 29 · EIN 39-1126909	Legal	$131,281
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749	Accounting	$29,942
ANDCO CONSULTING3 years Filed as: ANDCO Service code 28 · EIN 59-3676225	Investment Management	$29,000
WEEBF4 years Service code 13 · EIN 39-1651543	Contract Administrator	$7,210
WELLS PRINT AND DIGITAL SERVICES1 year Service code 36 · EIN 39-1080295	Other services; Copying and duplicating	$5,762

Plan features & details

Pension benefit codes2E2G2F2T2J

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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$458K

$207 / participant

Investment mgmt$29K6.3%
Contract admin$218K47.7%
Other / not subdivided$211K46.0%

% of EOY assets

0.085%

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

$214,226

$76,774+179.0%

$112,270+90.8%

$77,906+175.0%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-17.88%

-10.25%-7.6pp

27.49%-45.4pp

12.16%-30.0pp

Employer contribution / active EE

$10,483

$3,977+163.6%

$3,635+188.4%

$2,846+268.3%

Participant deferral / active EE

$305

$3,778-91.9%

$4,729-93.5%

$4,805-93.6%

Admin fee / account holder

$181

$239-24.2%

$6,411-97.2%

$133+36.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Service code 13 · EIN 06-1050034

Contract Administrator

$197,268

REINHART BOERNER VAN DEUREN S.C.4 years

Filed as: REINHART BOERNER VAN DEUREN S.C

Service code 29 · EIN 39-1126909

Legal

$131,281

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

Accounting

$29,942

ANDCO CONSULTING3 years

Filed as: ANDCO

Service code 28 · EIN 59-3676225

Investment Management

$29,000

WEEBF4 years

Service code 13 · EIN 39-1651543

Contract Administrator

$7,210

WELLS PRINT AND DIGITAL SERVICES1 year

Service code 36 · EIN 39-1080295

Other services; Copying and duplicating

$5,762

WISCONSIN NECA-IBEW RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN NECA-IBEW RETIREMENT 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