Retirement plan

I.B.E.W. LOCAL UNION NO. 124 ANNUITY PLAN

Name: IBEW LOCAL UNION NO. 124 ANNUITY PLAN - I.B.E.W. LOCAL UNION NO. 124 ANNUITY PLAN (2017) Form 5500
Creator: IBEW LOCAL UNION NO. 124 ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL UNION NO. 124 ANNUITY PLAN, IBEW LOCAL UNION NO. 124 ANNUITY PLAN

IBEW LOCAL UNION NO. 124 ANNUITY PLANEIN 43-1269910Plan #001PY 2017

305 E. 103RD TERRACE - KANSAS CITY, MO 64114816-943-0277

Other plans on this EIN

1 filing

#005Retirement-$94.5M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$253.7M

-8.2% from 2016

Total participants

3,244

+0.4% from 2016

Average account balance

$81,210

-9.1% from 2016

Annual return

16.42%

-9.65 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$447.18M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

3,692

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.90M

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

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$128,989
IBEW-NECA SERVICE CENTER3+ years Filed as: IBEW 124 BENEFITS CENTER, INC. Service code 13 · EIN 43-1662293	Contract Administrator	$88,698
ARNOLD & KADJAN3+ years Filed as: ARNOLD NEWBOLD WINTER JACKSON Service code 29 · EIN 43-1174269	Legal	$38,864
MARCO CONSULTING GROUP3+ years Service code 27 · EIN 36-3555078	Advisory (Plan)	$16,352
RUBINBROWN LLP3+ years Service code 10 · EIN 43-0765316	Accounting	$14,600

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$294K

$92 / participant

Investment mgmt$16K5.6%
Contract admin$218K74.0%
Other / not subdivided$60K20.4%

% of EOY assets

0.116%

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: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,210

$221,442-63.3%

$92,240-12.0%

$77,958+4.2%

Participation rate

96.2%

79.6%+16.6pp

76.5%+19.8pp

71.6%+24.6pp

Annual return

16.42%

15.65%+0.8pp

176.29%-159.9pp

20.87%-4.4pp

Employer contribution / active EE

$4,111

$3,226+27.4%

$3,680+11.7%

$2,310+77.9%

Participant deferral / active EE

$2,779-100.0%

$3,897-100.0%

$3,537-100.0%

Admin fee / account holder

$94

$210-55.1%

$5,194-98.2%

$97-3.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$128,989

IBEW-NECA SERVICE CENTER3+ years

Filed as: IBEW 124 BENEFITS CENTER, INC.

Service code 13 · EIN 43-1662293

Contract Administrator

$88,698

ARNOLD & KADJAN3+ years

Filed as: ARNOLD NEWBOLD WINTER JACKSON

Service code 29 · EIN 43-1174269

Legal

$38,864

MARCO CONSULTING GROUP3+ years

Service code 27 · EIN 36-3555078

Advisory (Plan)

$16,352

RUBINBROWN LLP3+ years

Service code 10 · EIN 43-0765316

Accounting

$14,600

I.B.E.W. LOCAL UNION NO. 124 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL UNION NO. 124 ANNUITY 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