Retirement plan

WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN

Name: IBEW LOCAL UNION 14 - WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN (2024) Form 5500
Creator: IBEW LOCAL UNION 14
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN, IBEW LOCAL UNION 14

IBEW LOCAL UNION 14EIN 39-1761679Plan #001PY 2024

9480 HIGHWAY 53 - FALL CREEK, WI 54742715-835-8895ibew14.netLinkedIn501-1000 employeesconstruction

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$337.4M

-6.7% from 2016

Total participants

1,500

-5.5% from 2016

Average account balance

$243,463

-1.3% from 2016

Annual return

15.41%

-5.23 pp from 2016

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$337.44M

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

1,386

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.70M

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Filed as: PRINCIPAL Service code 15 · EIN 39-1761679	Recordkeeping	$390,516
REINHART BOERNER VAN DEUREN S.C.10+ years Filed as: REINHART, BOERNER, VAN DEUREN, ETC Service code 29 · EIN 39-1126909	Legal	$75,235
MARINER LLC1 year Filed as: MARINER CONSULTING Service code 27 · EIN 59-3676225	Advisory (Plan)	$16,375

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$505K

$357 / participant

Recordkeeping$391K77.4%
Investment mgmt$16K3.2%
Legal$75K14.9%
Other / not subdivided$22K4.4%

% of EOY assets

0.150%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$243,463

$241,850+0.7%

$102,437+137.7%

$200,096+21.7%

Participation rate

91.9%

78.3%+13.6pp

74.5%+17.4pp

72.0%+19.9pp

Annual return

15.41%

17.67%-2.3pp

24.95%-9.5pp

34.26%-18.8pp

Employer contribution / active EE

$10,730

$4,253+152.3%

$3,871+177.2%

$3,038+253.2%

Participant deferral / active EE

$376

$3,961-90.5%

$5,060-92.6%

$5,090-92.6%

Admin fee / account holder

$364

$288+26.4%

$8,388-95.7%

$269+35.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Filed as: PRINCIPAL

Service code 15 · EIN 39-1761679

Recordkeeping

$390,516

REINHART BOERNER VAN DEUREN S.C.10+ years

Filed as: REINHART, BOERNER, VAN DEUREN, ETC

Service code 29 · EIN 39-1126909

Legal

$75,235

MARINER LLC1 year

Filed as: MARINER CONSULTING

Service code 27 · EIN 59-3676225

Advisory (Plan)

$16,375

WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN WISCONSIN ELECTRICAL WORKERS 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