Retirement plan

WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN

Name: IBEW LOCAL UNION 14 - WESTERN WISCONSIN ELECTRICAL WORKERS RETIREMENT PLAN (2019) 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 2019

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$225.9M

-6.7% from 2016

Total participants

1,160

-5.5% from 2016

Average account balance

$194,762

-1.3% from 2016

Annual return

24.02%

-5.23 pp from 2016

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$134,340
REINHART BOERNER VAN DEUREN S.C.5+ years Filed as: REINHART, BOERNER, VAN DEUREN, ETC Service code 29 · EIN 39-1126909	Legal	$69,067
WHN INVESTOR SERVICES5+ years Service code 27 · EIN 39-1382973	Advisory (Plan)	$25,667
BAUMAN ASSOCIATES5+ years Service code 10 · EIN 39-1277627	Accounting	$14,830

Plan features & details

Pension benefit codes2E2G2T

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.
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

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

$357K

$333 / participant

Investment mgmt$26K7.2%
Other / not subdivided$331K92.8%

% of EOY assets

0.158%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAUMAN ASSOCIATES, LTD
Auditor EIN: 391277627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$194,762

$66,051+194.9%

$92,916+109.6%

$77,775+150.4%

Participation rate

100.0%

81.0%+19.0pp

76.0%+24.0pp

73.2%+26.8pp

Annual return

24.02%

20.69%+3.3pp

109.45%-85.4pp

32.58%-8.6pp

Employer contribution / active EE

$9,561

$3,426+179.1%

$3,654+161.7%

$2,504+281.8%

Participant deferral / active EE

$3,013-100.0%

$4,238-100.0%

$3,966-100.0%

Admin fee / account holder

$307

$148+108.0%

$5,796-94.7%

$100+207.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$134,340

REINHART BOERNER VAN DEUREN S.C.5+ years

Filed as: REINHART, BOERNER, VAN DEUREN, ETC

Service code 29 · EIN 39-1126909

Legal

$69,067

WHN INVESTOR SERVICES5+ years

Service code 27 · EIN 39-1382973

Advisory (Plan)

$25,667

BAUMAN ASSOCIATES5+ years

Service code 10 · EIN 39-1277627

Accounting

$14,830

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