Retirement plan

INLAND EMPIRE IBEW-NECA DEFINED CONTRIBUTION PLAN

Name: BOARD OF TRUSTEES, INLAND EMPIRE IBEW-NECA DEFINED - INLAND EMPIRE IBEW-NECA DEFINED CONTRIBUTION PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES, INLAND EMPIRE IBEW-NECA DEFINED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INLAND EMPIRE IBEW-NECA DEFINED CONTRIBUTION PLAN, BOARD OF TRUSTEES, INLAND EMPIRE IBEW-NECA DEFINED

BOARD OF TRUSTEES, INLAND EMPIRE IBEW-NECA DEFINEDEIN 47-1147023Plan #001PY 2016

1688 PLUM LN - REDLANDS, CA 92374909-792-0387

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$87.3M

No prior year

Total participants

3,087

No prior year

Average account balance

$44,945

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$254.27M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

3,026

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.

44.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.03M

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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
GEM GROUP1+ years Service code 12 401 LIBERTY AVE STE 1200 · PITTSBURGH, PA 15222	Direct payment from the plan; Claims ...	$257,400
CORNWELL & BALDWIN1+ years Filed as: CORNWELL BRADY & BALDWIN Service code 29 · EIN 32-0453228	Legal	$82,000
ALAN BILLER & ASSOCIATES1+ years Filed as: ALAN BILLER Service code 27 · EIN 94-2854988	Advisory (Plan)	$69,019
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$30,015
SOUTHERN SIERRA CHAPTER, NECA1+ years Service code 49 PO BOX 12149 · SAN BERNARDINO, CA 92423	Other Services	$8,000
SO CA IBEW-NECA ADMIN. CORP.1+ years Filed as: SC IBEW-NECA ADMIN CORP Service code 49 · EIN 03-0512258	Other Services	$5,508

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$339 / participant

Investment mgmt$69K6.7%
Contract admin$257K24.9%
Other / not subdivided$709K68.5%

% of EOY assets

1.186%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,945

$54,392-17.4%

$84,753-47.0%

$63,975-29.7%

Participation rate

62.6%

76.9%-14.3pp

76.6%-14.0pp

71.1%-8.6pp

Annual return

0.00%

611.38%-611.4pp

22.78%-22.8pp

48.65%-48.7pp

Employer contribution / active EE

$3,376

$2,943+14.7%

$3,574-5.5%

$2,182+54.8%

Participant deferral / active EE

$2,593-100.0%

$3,712-100.0%

$3,356-100.0%

Admin fee / account holder

$533

$136+292.4%

$5,333-90.0%

$70+656.6%

Provider

Service type

Compensation

GEM GROUP1+ years

Service code 12

401 LIBERTY AVE STE 1200 · PITTSBURGH, PA 15222

Direct payment from the plan; Claims ...

$257,400

CORNWELL & BALDWIN1+ years

Filed as: CORNWELL BRADY & BALDWIN

Service code 29 · EIN 32-0453228

Legal

$82,000

ALAN BILLER & ASSOCIATES1+ years

Filed as: ALAN BILLER

Service code 27 · EIN 94-2854988

Advisory (Plan)

$69,019

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$30,015

SOUTHERN SIERRA CHAPTER, NECA1+ years

Service code 49

PO BOX 12149 · SAN BERNARDINO, CA 92423

Other Services

$8,000

SO CA IBEW-NECA ADMIN. CORP.1+ years

Filed as: SC IBEW-NECA ADMIN CORP

Service code 49 · EIN 03-0512258

Other Services

$5,508

INLAND EMPIRE IBEW-NECA DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INLAND EMPIRE IBEW-NECA DEFINED CONTRIBUTION 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