Retirement plan

WISCONSIN NECA-IBEW RETIREMENT PLAN

Name: TRUSTEES OF WISCONSIN NECA-IBEW - WISCONSIN NECA-IBEW RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$635.9M

-9.1% from 2016

Total participants

2,755

-2.0% from 2016

Average account balance

$244,094

No prior year

Annual return

16.97%

-8.70 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4 years Service code 13 · EIN 06-1050034	Contract Administrator	$152,175
REINHART BOERNER VAN DEUREN S.C.5 years Filed as: REINHART BOERNER VAN DEUREN S.C Service code 29 · EIN 39-1126909	Legal	$127,165
WEEBF5 years Service code 13 · EIN 39-1651543	Contract Administrator	$85,416
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034	Contract Administrator	$33,092
ANDCO CONSULTING4 years Filed as: ANDCO Service code 28 · EIN 59-3676225	Investment Management	$29,000
CLIFTONLARSONALLEN LLP4 years Service code 10 · EIN 41-0746749	Accounting	$26,012

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$437K

$179 / participant

Recordkeeping$147K33.6%
Investment mgmt$29K6.6%
Legal$127K29.1%
Contract admin$85K19.5%
Other / not subdivided$49K11.2%

% of EOY assets

0.069%

all-in expense ratio

Categories reported

4 / 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: $26,012
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,094

$88,479+175.9%

$96,543+152.8%

$80,187+204.4%

Participation rate

93.9%

79.9%+14.0pp

74.3%+19.5pp

72.9%+20.9pp

Annual return

16.97%

22.53%-5.6pp

35.75%-18.8pp

40.40%-23.4pp

Employer contribution / active EE

$10,935

$4,177+161.8%

$3,741+192.3%

$2,980+267.0%

Participant deferral / active EE

$407

$3,961-89.7%

$4,880-91.7%

$5,016-91.9%

Admin fee / account holder

$168

$211-20.6%

$6,737-97.5%

$145+15.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4 years

Service code 13 · EIN 06-1050034

Contract Administrator

$152,175

REINHART BOERNER VAN DEUREN S.C.5 years

Filed as: REINHART BOERNER VAN DEUREN S.C

Service code 29 · EIN 39-1126909

Legal

$127,165

WEEBF5 years

Service code 13 · EIN 39-1651543

Contract Administrator

$85,416

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

Contract Administrator

$33,092

ANDCO CONSULTING4 years

Filed as: ANDCO

Service code 28 · EIN 59-3676225

Investment Management

$29,000

CLIFTONLARSONALLEN LLP4 years

Service code 10 · EIN 41-0746749

Accounting

$26,012

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