Retirement plan

LOCAL UNION NO. 4, IBEW PENSION PLAN

Name: LOCAL UNION NO. 4, IBEW - LOCAL UNION NO. 4, IBEW PENSION PLAN (2020) 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 2020

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)

$48.5M

+12.4% from 2019

Total participants

445

-18.0% from 2019

Average account balance

$109,051

+37.1% from 2019

Annual return

15.21%

-6.69 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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 ADVISORS5 years Service code 27 · EIN 47-4491266 4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108	Advisory (Plan)	$69,935
EKON BENEFITS6+ years Service code 15 · EIN 43-1317863 4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108	Recordkeeping	$47,656
INVESCO6+ years Filed as: INVESCO NATIONAL TRUST COMPANY Service code 51 P.O. BOX 79269 · ATLANTA, GA 30357	Investment Mgmt Fees	$9,599
SCHUCHAT, COOK & WERNER6+ years Service code 29 1221 LOCUST STREET · ST. LOUIS, MO 63103	Legal	$7,977
MICHAEL CUMMINS, CPA, P.C.5 years Service code 10 THREE THE PINES COURT · ST. LOUIS, MO 63141	Accounting	$6,300

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

$125K

$340 / participant

Investment mgmt$88K70.2%
Contract admin$14K10.9%
Other / not subdivided$24K18.9%

% of EOY assets

0.258%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,051

$78,781+38.4%

$100,528+8.5%

$73,412+48.5%

Participation rate

100.0%

80.0%+20.0pp

79.4%+20.6pp

72.2%+27.8pp

Annual return

15.21%

31.69%-16.5pp

30.90%-15.7pp

59.30%-44.1pp

Employer contribution / active EE

$2,390

$2,420-1.2%

$3,419-30.1%

$2,234+7.0%

Participant deferral / active EE

$242

$6,537-96.3%

$6,271-96.1%

$3,806-93.6%

Admin fee / account holder

$281

$145+93.6%

$8,084-96.5%

$158+78.2%

Provider

Service type

Compensation

EKON ADVISORS5 years

Service code 27 · EIN 47-4491266

4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108

Advisory (Plan)

$69,935

EKON BENEFITS6+ years

Service code 15 · EIN 43-1317863

4940 WASHINGTON BLVD. · ST. LOUIS, MO 63108

Recordkeeping

$47,656

INVESCO6+ years

Filed as: INVESCO NATIONAL TRUST COMPANY

Service code 51

P.O. BOX 79269 · ATLANTA, GA 30357

Investment Mgmt Fees

$9,599

SCHUCHAT, COOK & WERNER6+ years

Service code 29

1221 LOCUST STREET · ST. LOUIS, MO 63103

Legal

$7,977

MICHAEL CUMMINS, CPA, P.C.5 years

Service code 10

THREE THE PINES COURT · ST. LOUIS, MO 63141

Accounting

$6,300

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