Retirement plan

ELECTRICAL WORKERS LOCAL NO. 292 DEFINED CONTRIBUTION AND 401K PLAN

Name: TRUSTEES ELECTRICAL WORKERS LOCAL NO 292 DEFINED CONTRIBUTION AND 401K - ELECTRICAL WORKERS LOCAL NO. 292 DEFINED CONTRIBUTION AND 401K PLAN (2018) Form 5500
Creator: TRUSTEES ELECTRICAL WORKERS LOCAL NO 292 DEFINED CONTRIBUTION AND 401K
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL WORKERS LOCAL NO. 292 DEFINED CONTRIBUTION AND 401K PLAN, TRUSTEES ELECTRICAL WORKERS LOCAL NO 292 DEFINED CONTRIBUTION AND 401K

TRUSTEES ELECTRICAL WORKERS LOCAL NO 292 DEFINED CONTRIBUTION AND 401KEIN 41-1760754Plan #002PY 2018

6900 WEDGWOOD ROAD NO., SUITE 425 - MAPLE GROVE, MN 553113552763-493-8830

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$758.2M

-10.6% from 2017

Total participants

8,243

-4.4% from 2017

Average account balance

$115,168

-6.3% from 2017

Annual return

9.06%

-11.57 pp from 2017

Benchmarks

See 51 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort51 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19B

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

6,319

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+8.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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 10 of 17 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK INVESTMENT MGMT SVCS Service code 15 · EIN 01-0233346	Recordkeeping	$450,266
I.B.E.W. 292 HEALTH CARE PLAN3+ years Service code 15 · EIN 41-1384754	Recordkeeping	$282,531
MARATHON ASSET MANAGEMENT3+ years Filed as: MARATHON ASSET MANAGEMENT LLP Service code 28 · EIN 22-3321401	Investment Management	$194,613
WEDGE CAPITAL MANAGEMENT3+ years Service code 28 · EIN 56-1557450	Investment Management	$135,012
SMITH ASSET MANAGEMENT GROUP3+ years Service code 28 · EIN 75-2620252	Investment Management	$109,968
WELLS FARGO BANK, N.A.3+ years Filed as: GALLIARD CAPITAL MANAGEMENT, INC. Service code 28 · EIN 41-1813702	Investment Management	$93,929
BMO HARRIS BANK NA3+ years Service code 19 · EIN 36-2085229	Securities Custodian	$75,574
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$74,690
INDEPENDENT FINANCIAL PARTNERS3+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668	Investment Management	$49,861
VICTORY3+ years Filed as: VICTORY CAPITAL MANAGEMENT, INC. Service code 28 · EIN 13-2700161	Investment Management	$45,068

Plan features & details

Pension benefit codes2E2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$1.8M

$231 / participant

Investment mgmt$1M73.1%
Other / not subdivided$483K26.9%

% of EOY assets

0.237%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,168

$57,255+101.1%

$83,831+37.4%

$68,904+67.1%

Participation rate

78.7%

86.2%-7.5pp

76.1%+2.5pp

74.1%+4.5pp

Annual return

9.06%

-0.34%+9.4pp

850.99%-841.9pp

1.07%+8.0pp

Employer contribution / active EE

$3,305

$3,341-1.0%

$3,631-9.0%

$2,540+30.1%

Participant deferral / active EE

$1,130

$3,207-64.8%

$4,082-72.3%

$4,015-71.9%

Admin fee / account holder

$273

$103+163.7%

$5,479-95.0%

$71+282.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK INVESTMENT MGMT SVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$450,266

I.B.E.W. 292 HEALTH CARE PLAN3+ years

Service code 15 · EIN 41-1384754

Recordkeeping

$282,531

MARATHON ASSET MANAGEMENT3+ years

Filed as: MARATHON ASSET MANAGEMENT LLP

Service code 28 · EIN 22-3321401

Investment Management

$194,613

WEDGE CAPITAL MANAGEMENT3+ years

Service code 28 · EIN 56-1557450

Investment Management

$135,012

SMITH ASSET MANAGEMENT GROUP3+ years

Service code 28 · EIN 75-2620252

Investment Management

$109,968

WELLS FARGO BANK, N.A.3+ years

Filed as: GALLIARD CAPITAL MANAGEMENT, INC.

Service code 28 · EIN 41-1813702

Investment Management

$93,929

BMO HARRIS BANK NA3+ years

Service code 19 · EIN 36-2085229

Securities Custodian

$75,574

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$74,690

INDEPENDENT FINANCIAL PARTNERS3+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 68-0370668

Investment Management

$49,861

VICTORY3+ years

Filed as: VICTORY CAPITAL MANAGEMENT, INC.

Service code 28 · EIN 13-2700161

Investment Management

$45,068

ELECTRICAL WORKERS LOCAL NO. 292 DEFINED CONTRIBUTION AND 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRICAL WORKERS LOCAL NO. 292 DEFINED CONTRIBUTION AND 401K 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