Retirement plan

IBEW LOCAL 13 RETIREMENT PLAN

Name: IBEW LOCAL NO. 13 & SOUTHEAST IOWA DIV.OF NECA JOINT BOARD OF TRUSTEE - IBEW LOCAL 13 RETIREMENT PLAN (2016) Form 5500
Creator: IBEW LOCAL NO. 13 & SOUTHEAST IOWA DIV.OF NECA JOINT BOARD OF TRUSTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 13 RETIREMENT PLAN, IBEW LOCAL NO. 13 & SOUTHEAST IOWA DIV.OF NECA JOINT BOARD OF TRUSTEE

IBEW LOCAL NO. 13 & SOUTHEAST IOWA DIV.OF NECA JOINT BOARD OF TRUSTEEEIN 42-1123177Plan #001PY 2016

4200 UNIVERSITY AVE., STE 320 - WEST DES MOINES, IA 502665945515-224-4308LinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.6M

No prior year

Total participants

281

No prior year

Average account balance

$92,647

No prior year

Annual return

-1.91%

No prior year

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.52M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

396

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

$4.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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 6 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO1+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 64 · EIN 46-5378846	Recordkeeping Fees	$47,706
BMO HARRIS BANK NA1+ years Filed as: BMO RETIREMENT SERVICES Service code 64 · EIN 36-2085229 11270 W PARK PLACE ST 400 · MILWAUKEE, WI 53224	Recordkeeping Fees	$26,851
DEBOER & ASSOCIATES, PC1+ years Service code 10 · EIN 47-0836395 17330 WRIGHT ST STE 100 · OMAHA, NE 68130	Accounting	$20,320
BLAKE & UHLIG, P.A.1+ years Filed as: BLAKE & UHLIG Service code 29 · EIN 48-0918231 753 STATE AVE · KANSAS CITY, KS 66101	Legal	$19,939
WILSON-MCSHANE CORPORATION1+ years Filed as: WILSON-MCSHANE CORP Service code 13 · EIN 41-0956552 4200 UNIVERSITY AVESTE320 · WEST DES MOINES, IA 50266	Contract Administrator	$11,183
INVESTMENT CONSULTING GROUP1+ years Filed as: INVESTMENT CONSULTING GROUP, INC. Service code 27 · EIN 42-1358707 5117 JERSEY RIDGE RD ST 1 · DAVENPORT, IA 52807	Advisory (Plan)	$10,000

Plan features & details

Pension benefit codes2C2G2F

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$130K

$488 / participant

Investment mgmt$10K7.7%
Contract admin$11K8.6%
Other / not subdivided$109K83.7%

% of EOY assets

0.526%

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

$92,647

$57,921+60.0%

$84,753+9.3%

$57,658+60.7%

Participation rate

94.4%

72.9%+21.4pp

76.6%+17.8pp

70.2%+24.1pp

Annual return

-1.91%

10.24%-12.1pp

22.78%-24.7pp

5.13%-7.0pp

Employer contribution / active EE

$8,586

$2,598+230.4%

$3,574+140.2%

$1,974+335.0%

Participant deferral / active EE

$2,742-100.0%

$3,712-100.0%

$3,061-100.0%

Admin fee / account holder

$488

$130+276.1%

$5,333-90.9%

$95+415.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 64 · EIN 46-5378846

Recordkeeping Fees

$47,706

BMO HARRIS BANK NA1+ years

Filed as: BMO RETIREMENT SERVICES

Service code 64 · EIN 36-2085229

11270 W PARK PLACE ST 400 · MILWAUKEE, WI 53224

Recordkeeping Fees

$26,851

DEBOER & ASSOCIATES, PC1+ years

Service code 10 · EIN 47-0836395

17330 WRIGHT ST STE 100 · OMAHA, NE 68130

Accounting

$20,320

BLAKE & UHLIG, P.A.1+ years

Filed as: BLAKE & UHLIG

Service code 29 · EIN 48-0918231

753 STATE AVE · KANSAS CITY, KS 66101

Legal

$19,939

WILSON-MCSHANE CORPORATION1+ years

Filed as: WILSON-MCSHANE CORP

Service code 13 · EIN 41-0956552

4200 UNIVERSITY AVESTE320 · WEST DES MOINES, IA 50266

Contract Administrator

$11,183

INVESTMENT CONSULTING GROUP1+ years

Filed as: INVESTMENT CONSULTING GROUP, INC.

Service code 27 · EIN 42-1358707

5117 JERSEY RIDGE RD ST 1 · DAVENPORT, IA 52807

Advisory (Plan)

$10,000

IBEW LOCAL 13 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 13 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