Retirement plan

I.B.E.W. LOCAL UNION NO. 124 401(K) PLAN

Name: IBEW LOCAL UNION NO. 124 ANNUITY PLAN - I.B.E.W. LOCAL UNION NO. 124 401(K) 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. 124 401(K) PLAN, IBEW LOCAL UNION NO. 124 ANNUITY PLAN

IBEW LOCAL UNION NO. 124 ANNUITY PLANEIN 43-1269910Plan #005PY 2017

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

Other plans on this EIN

1 filing

#001Retirement-$253.7M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$94.5M

-5.0% from 2016

Total participants

2,727

+0.6% from 2016

Average account balance

$54,073

-3.1% from 2016

Annual return

16.07%

-9.58 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

$156.51M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

2,765

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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	$82,956
LOCAL UNION 124 BENEFIT OFFICE3+ years Service code 13 · EIN 43-1662293	Contract Administrator	$48,034
ARNOLD & KADJAN3+ years Filed as: ARNOLD, NEWBOLD, WINTER, JACKSON Service code 29 · EIN 43-1174269	Legal	$34,641
MARCO CONSULTING GROUP3+ years Service code 16 · EIN 36-3555078	Consulting	$16,352
RUBINBROWN LLP3+ years Service code 10 · EIN 43-0765316	Accounting	$14,600

Plan features & details

Pension benefit codes2F2G2J2T

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$201K

$75 / participant

Investment mgmt$16K8.1%
Contract admin$131K65.1%
Other / not subdivided$54K26.7%

% of EOY assets

0.213%

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

$54,073

$221,442-75.6%

$92,240-41.4%

$77,958-30.6%

Participation rate

63.3%

79.6%-16.3pp

76.5%-13.2pp

71.6%-8.4pp

Annual return

16.07%

15.65%+0.4pp

176.29%-160.2pp

20.87%-4.8pp

Employer contribution / active EE

$3,226-100.0%

$3,680-100.0%

$2,310-100.0%

Participant deferral / active EE

$1,812

$2,779-34.8%

$3,897-53.5%

$3,537-48.8%

Admin fee / account holder

$115

$210-45.1%

$5,194-97.8%

$97+18.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$82,956

LOCAL UNION 124 BENEFIT OFFICE3+ years

Service code 13 · EIN 43-1662293

Contract Administrator

$48,034

ARNOLD & KADJAN3+ years

Filed as: ARNOLD, NEWBOLD, WINTER, JACKSON

Service code 29 · EIN 43-1174269

Legal

$34,641

MARCO CONSULTING GROUP3+ years

Service code 16 · EIN 36-3555078

Consulting

$16,352

RUBINBROWN LLP3+ years

Service code 10 · EIN 43-0765316

Accounting

$14,600

I.B.E.W. LOCAL UNION NO. 124 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL UNION NO. 124 401(K) 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