Retirement plan

IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Name: BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN - IBEW LOCAL 405 DEFERRED SAVINGS PLAN (2025) Form 5500
Creator: BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 405 DEFERRED SAVINGS PLAN, BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN

BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLANEIN 42-1494475Plan #001PY 2025

424 FIRST AVENUE NE - CEDAR RAPIDS, IA 524011400319-398-3283

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$296.4M

+12.9% from 2024

Total participants

1,418

+34.3% from 2024

Average account balance

$209,046

-15.9% from 2024

Annual return

12.68%

+1.12 pp from 2024

Benchmarks

See 166 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort166 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$296.43M

Not enough data

1 years with asset history on file

Average account balance

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

$209K

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.

1,418

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

$18.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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
MILLIMAN, INC.7 years Service code 15 · EIN 91-0675641	Recordkeeping	$89,296
REINHART BOERNER VAN DEUREN S.C.11+ years Filed as: REINHART BOERNER VAN DEUREN Service code 29 · EIN 39-1126909	Legal	$69,251
EMPLOYEE GROUP SERVICES LTD DBA AUX11+ years Service code 13 · EIN 42-1426202	Contract Administrator	$39,686
FIDUCIENT ADVISORS LLC5 years Filed as: FIDUCIENT ADVISORS Service code 27 · EIN 36-4001764	Advisory (Plan)	$32,200
CLIFTONLARSONALLEN LLP8 years Service code 10 · EIN 41-0746749	Accounting	$27,302
MATRIX TRUST COMPANY7 years Filed as: BROADRIDGE FINANCIAL SOLUTIONS, INC Service code 21 5 DAKOTA DRIVE · LAKE SUCCESS, NY 11042	Bank Trustee	$24,693

Plan features & details

Pension benefit codes2E2H2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

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

$307K

$246 / participant

Investment mgmt$32K10.5%
Legal$69K22.5%
Contract admin$154K50.0%
Other / not subdivided$52K17.0%

% of EOY assets

0.104%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $31,135
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,046

$106,351+96.6%

$105,223+98.7%

$103,975+101.1%

Participation rate

100.0%

80.0%+20.0pp

75.0%+25.0pp

72.5%+27.5pp

Annual return

12.68%

11.69%+1.0pp

180.65%-168.0pp

19.41%-6.7pp

Employer contribution / active EE

$13,696

$5,336+156.7%

$3,689+271.3%

$3,722+267.9%

Participant deferral / active EE

$1,082

$3,221-66.4%

$5,072-78.7%

$5,343-79.7%

Admin fee / account holder

$217

$316-31.4%

$8,859-97.6%

$332-34.8%

Provider

Service type

Compensation

MILLIMAN, INC.7 years

Service code 15 · EIN 91-0675641

Recordkeeping

$89,296

REINHART BOERNER VAN DEUREN S.C.11+ years

Filed as: REINHART BOERNER VAN DEUREN

Service code 29 · EIN 39-1126909

Legal

$69,251

EMPLOYEE GROUP SERVICES LTD DBA AUX11+ years

Service code 13 · EIN 42-1426202

Contract Administrator

$39,686

FIDUCIENT ADVISORS LLC5 years

Filed as: FIDUCIENT ADVISORS

Service code 27 · EIN 36-4001764

Advisory (Plan)

$32,200

CLIFTONLARSONALLEN LLP8 years

Service code 10 · EIN 41-0746749

Accounting

$27,302

MATRIX TRUST COMPANY7 years

Filed as: BROADRIDGE FINANCIAL SOLUTIONS, INC

Service code 21

5 DAKOTA DRIVE · LAKE SUCCESS, NY 11042

Bank Trustee

$24,693

IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 405 DEFERRED SAVINGS 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