Retirement plan

LOCAL 231 IBEW RETIREMENT PLAN

Name: LOCAL 231 IBEW AND IOWA NECA SIOUX CITY DIVISION JOINT BOARD OF TRUST - LOCAL 231 IBEW RETIREMENT PLAN (2018) Form 5500
Creator: LOCAL 231 IBEW AND IOWA NECA SIOUX CITY DIVISION JOINT BOARD OF TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 231 IBEW RETIREMENT PLAN, LOCAL 231 IBEW AND IOWA NECA SIOUX CITY DIVISION JOINT BOARD OF TRUST

LOCAL 231 IBEW AND IOWA NECA SIOUX CITY DIVISION JOINT BOARD OF TRUSTEIN 42-1086362Plan #001PY 2018

8960 L STREET - OMAHA, NE 68127402-593-7565

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$40.2M

+12.4% from 2017

Total participants

445

+1.1% from 2017

Average account balance

$102,108

+9.5% from 2017

Annual return

13.34%

+4.65 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.41M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

441

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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
DEBOER & ASSOCIATES, PC3+ years Service code 10 · EIN 47-0836395	Accounting	$25,870
BENESYS, INC.1 year Filed as: BENESYS ADMINISTRATORS Service code 14 · EIN 38-2383171	Plan Administrator	$19,200
INVESTMENT CONSULTING GROUP3+ years Filed as: INVESTMENT CONSULTING GROUP, INC. Service code 27 · EIN 42-1358707	Advisory (Plan)	$17,333
BLAKE & UHLIG, P.A.3+ years Service code 29 · EIN 48-0918231	Legal	$16,320

Plan features & details

Pension benefit codes2J2G2E2F

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.

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

$97K

$220 / participant

Investment mgmt$19K19.3%
Contract admin$19K19.8%
Other / not subdivided$59K60.8%

% of EOY assets

0.240%

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: DEBOER & ASSOCIATES, PC
Auditor EIN: 470836395
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,108

$80,005+27.6%

$140,019-27.1%

$55,725+83.2%

Participation rate

88.4%

87.0%+1.4pp

87.5%+0.9pp

70.9%+17.5pp

Annual return

13.34%

0.46%+12.9pp

651.15%-637.8pp

244.93%-231.6pp

Employer contribution / active EE

$4,313

$3,403+26.7%

$5,605-23.1%

$2,078+107.5%

Participant deferral / active EE

$865

$5,264-83.6%

$6,927-87.5%

$3,356-74.2%

Admin fee / account holder

$246

$116+112.2%

$10,705-97.7%

$115+113.1%

Provider

Service type

Compensation

DEBOER & ASSOCIATES, PC3+ years

Service code 10 · EIN 47-0836395

Accounting

$25,870

BENESYS, INC.1 year

Filed as: BENESYS ADMINISTRATORS

Service code 14 · EIN 38-2383171

Plan Administrator

$19,200

INVESTMENT CONSULTING GROUP3+ years

Filed as: INVESTMENT CONSULTING GROUP, INC.

Service code 27 · EIN 42-1358707

Advisory (Plan)

$17,333

BLAKE & UHLIG, P.A.3+ years

Service code 29 · EIN 48-0918231

Legal

$16,320

LOCAL 231 IBEW RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 231 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