Retirement plan

IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Name: BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN - IBEW LOCAL 405 DEFERRED SAVINGS PLAN (2015) 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 2015

424 FIRST AVENUE NE, SUITE 200 - CEDAR RAPIDS, IA 524011400319-398-3283

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$126.2M

No prior year

Total participants

1,085

No prior year

Average account balance

$140,966

No prior year

Annual return

-0.33%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$262.58M

Not enough data

1 years with asset history on file

Average account balance

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

$249K

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.

1,056

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

$13.55M

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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
REINHART BOERNER VAN DEUREN S.C.1+ years Filed as: REINHART BOERNER VAN DEUREN Service code 29 · EIN 39-1126909	Legal	$98,280
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$29,580
DIMEO SCHNEIDER & ASSOCIATES LLC1+ years Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC Service code 27 · EIN 36-4001764	Advisory (Plan)	$28,840
EMPLOYEE GROUP SERVICES LTD DBA AUX1+ years Service code 13 · EIN 42-1426202	Contract Administrator	$22,125
CLIFTONLARSONALLEN LLP1+ years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 41-0746749	Accounting	$13,305
EMPLOYEE FRINGES AUDIT COMPANY1+ years Filed as: EMPLOYEE FRINGES AUDIT CO Service code 10 · EIN 42-1122328	Accounting	$11,400

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

$221K

$223 / participant

Investment mgmt$58K26.4%
Contract admin$22K10.0%
Other / not subdivided$141K63.6%

% of EOY assets

0.175%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,966

$50,498+179.2%

$75,784+86.0%

$55,191+155.4%

Participation rate

80.8%

69.4%+11.4pp

75.8%+5.0pp

69.2%+11.7pp

Annual return

-0.33%

1.80%-2.1pp

9.68%-10.0pp

10.78%-11.1pp

Employer contribution / active EE

$6,771

$2,291+195.6%

$3,323+103.7%

$1,899+256.6%

Participant deferral / active EE

$800

$2,589-69.1%

$3,652-78.1%

$3,046-73.8%

Admin fee / account holder

$247

$123+100.8%

$5,300-95.3%

$91+172.2%

Provider

Service type

Compensation

REINHART BOERNER VAN DEUREN S.C.1+ years

Filed as: REINHART BOERNER VAN DEUREN

Service code 29 · EIN 39-1126909

Legal

$98,280

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$29,580

DIMEO SCHNEIDER & ASSOCIATES LLC1+ years

Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC

Service code 27 · EIN 36-4001764

Advisory (Plan)

$28,840

EMPLOYEE GROUP SERVICES LTD DBA AUX1+ years

Service code 13 · EIN 42-1426202

Contract Administrator

$22,125

CLIFTONLARSONALLEN LLP1+ years

Filed as: CLIFTONLARSONALLEN, LLP

Service code 10 · EIN 41-0746749

Accounting

$13,305

EMPLOYEE FRINGES AUDIT COMPANY1+ years

Filed as: EMPLOYEE FRINGES AUDIT CO

Service code 10 · EIN 42-1122328

Accounting

$11,400

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