Retirement plan

LOCAL UNION NO. 4, IBEW PENSION PLAN

Name: LOCAL UNION NO. 4, IBEW - LOCAL UNION NO. 4, IBEW PENSION PLAN (2017) Form 5500
Creator: LOCAL UNION NO. 4, IBEW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL UNION NO. 4, IBEW PENSION PLAN, LOCAL UNION NO. 4, IBEW

LOCAL UNION NO. 4, IBEWEIN 43-6031009Plan #002PY 2017

4940 WASHINGTON BLVD - SAINT LOUIS, MO 631081621314-367-6555LinkedIn201-500 employeestelecommunications

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$38.4M

+18.7% from 2016

Total participants

379

-14.6% from 2016

Average account balance

$101,201

+39.1% from 2016

Annual return

17.81%

+8.95 pp from 2016

Benchmarks

See 512 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort512 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.53M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

759

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

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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
EKON ADVISORS2 years Service code 27 · EIN 47-4491266 4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108	Advisory (Plan)	$60,821
EKON BENEFITS3+ years Service code 15 · EIN 43-1317863 4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108	Recordkeeping	$31,201
INVESCO3+ years Filed as: INVESCO NATIONAL TRUST COMPANY Service code 51 P.O. BOX 79269 · ATLANTA, GA 30357	Investment Mgmt Fees	$8,720
MICHAEL CUMMINS, CPA, P.C.2 years Service code 10 THREE THE PINES COURT · ST. LOUIS, MO 63141	Accounting	$5,500
SCHUCHAT, COOK & WERNER3+ years Service code 29 1221 LOCUST STREET · ST. LOUIS, MO 63103	Legal	$3,147

Plan features & details

Pension benefit codes2D2F2G2J2T

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$30K

$100 / participant

Contract admin$12K40.6%
Other / not subdivided$18K59.4%

% of EOY assets

0.078%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MICHAEL CUMMINS, CPA, PC
Auditor EIN: 431555780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,201

$65,592+54.3%

$90,161+12.2%

$69,631+45.3%

Participation rate

100.0%

77.6%+22.4pp

76.9%+23.1pp

70.7%+29.3pp

Annual return

17.81%

57.10%-39.3pp

34.89%-17.1pp

27571.02%-27553.2pp

Employer contribution / active EE

$3,595

$2,193+63.9%

$3,318+8.3%

$2,032+76.9%

Participant deferral / active EE

$381

$5,257-92.8%

$5,287-92.8%

$3,224-88.2%

Admin fee / account holder

$79

$86-7.7%

$5,943-98.7%

$110-28.4%

Provider

Service type

Compensation

EKON ADVISORS2 years

Service code 27 · EIN 47-4491266

4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108

Advisory (Plan)

$60,821

EKON BENEFITS3+ years

Service code 15 · EIN 43-1317863

4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108

Recordkeeping

$31,201

INVESCO3+ years

Filed as: INVESCO NATIONAL TRUST COMPANY

Service code 51

P.O. BOX 79269 · ATLANTA, GA 30357

Investment Mgmt Fees

$8,720

MICHAEL CUMMINS, CPA, P.C.2 years

Service code 10

THREE THE PINES COURT · ST. LOUIS, MO 63141

Accounting

$5,500

SCHUCHAT, COOK & WERNER3+ years

Service code 29

1221 LOCUST STREET · ST. LOUIS, MO 63103

Legal

$3,147

LOCAL UNION NO. 4, IBEW PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL UNION NO. 4, IBEW PENSION 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