Retirement plan

I.B.E.W. LOCAL NO. 728 PENSION FUND

Name: TRUSTEES OF I.B.E.W. LOCAL NO. 728 PENSION FUND - I.B.E.W. LOCAL NO. 728 PENSION FUND (2025) Form 5500
Creator: TRUSTEES OF I.B.E.W. LOCAL NO. 728 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL NO. 728 PENSION FUND, TRUSTEES OF I.B.E.W. LOCAL NO. 728 PENSION FUND

TRUSTEES OF I.B.E.W. LOCAL NO. 728 PENSION FUNDEIN 59-6510428Plan #001PY 2025

2010 N.W. 150TH AVENUE, SUITE 200 - PEMBROKE PINES, FL 330281123954-266-6322

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$78.4M

+9.1% from 2024

Total participants

1,466

+2.7% from 2024

Average account balance

No prior year

Annual return

9.84%

+2.16 pp from 2024

Benchmarks

See 145 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort145 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$78.44M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

874

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC11+ years Filed as: CAPTRUST Service code 27 · EIN 26-0058143	Advisory (Plan)	$142,135
NATIONAL EMPLOYEE BENEFIT ADMIN1 year Filed as: NATIONAL EMPLOYEE BENEFITS ADMIN Service code 13 · EIN 65-0498809	Contract Administrator	$129,583
SUGARMAN & SUSSKIND PA1 year Filed as: SUGARMAN & SUSSKIND Service code 29 · EIN 59-2539792	Legal	$93,325
BOYD WATTERSON ASSET MANAGEMENT4 years Filed as: BOYD WATTERSON ASSET MANAGEMENT LLC Service code 28 · EIN 34-1922005	Investment Management	$92,409
HORIZON ACTUARIAL SERVICES, LLC11+ years Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$54,420
LEGACY PROFESSIONALS LLP11+ years Service code 10 · EIN 32-0043599	Accounting	$33,067
IBEW-NECA SERVICE CENTER11+ years Filed as: IBEW LOCAL 728 UNION Service code 49 · EIN 59-0304061	Other Services	$16,878
MORGAN STANLEY SMITH BARNEY6 years Filed as: J.P. MORGAN ASSET MANAGEMENT Service code 28 · EIN 13-4994650	Investment Management	$14,688
RHUMBLINE ADVISORS4 years Filed as: RHUMBLINE ADVISERS CORP Service code 28 · EIN 04-3118582	Investment Management	$10,866
PROFUND SOLUTIONS1 year Service code 16 9404 WEST 145TH TERRACE · OVERLAND PARK, KS 66221	Consulting	$10,800

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$713K

$1204 / participant

Recordkeeping$11K1.6%
Trustee / custodial$15K2.2%
Investment mgmt$260K36.5%
Legal$93K13.1%
Actuarial$53K7.5%
Other trustee fees$42K5.9%
Contract admin$118K16.6%
Other / not subdivided$119K16.7%

% of EOY assets

0.909%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: $21,800
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,317-100.0%

Participation rate

0.0%

0.0%0pp

20.5%-20.5pp

0.0%0pp

Annual return

9.84%

9.12%+0.7pp

9.57%+0.3pp

10.77%-0.9pp

Employer contribution / active EE

$4,816

$14,150-66.0%

$26,706-82.0%

$15,292-68.5%

Participant deferral / active EE

$1,813-100.0%

$213-100.0%

$1,813-100.0%

Admin fee / account holder

$1,620-100.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC11+ years

Filed as: CAPTRUST

Service code 27 · EIN 26-0058143

Advisory (Plan)

$142,135

NATIONAL EMPLOYEE BENEFIT ADMIN1 year

Filed as: NATIONAL EMPLOYEE BENEFITS ADMIN

Service code 13 · EIN 65-0498809

Contract Administrator

$129,583

SUGARMAN & SUSSKIND PA1 year

Filed as: SUGARMAN & SUSSKIND

Service code 29 · EIN 59-2539792

Legal

$93,325

BOYD WATTERSON ASSET MANAGEMENT4 years

Filed as: BOYD WATTERSON ASSET MANAGEMENT LLC

Service code 28 · EIN 34-1922005

Investment Management

$92,409

HORIZON ACTUARIAL SERVICES, LLC11+ years

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$54,420

LEGACY PROFESSIONALS LLP11+ years

Service code 10 · EIN 32-0043599

Accounting

$33,067

IBEW-NECA SERVICE CENTER11+ years

Filed as: IBEW LOCAL 728 UNION

Service code 49 · EIN 59-0304061

Other Services

$16,878

MORGAN STANLEY SMITH BARNEY6 years

Filed as: J.P. MORGAN ASSET MANAGEMENT

Service code 28 · EIN 13-4994650

Investment Management

$14,688

RHUMBLINE ADVISORS4 years

Filed as: RHUMBLINE ADVISERS CORP

Service code 28 · EIN 04-3118582

Investment Management

$10,866

PROFUND SOLUTIONS1 year

Service code 16

9404 WEST 145TH TERRACE · OVERLAND PARK, KS 66221

Consulting

$10,800

I.B.E.W. LOCAL NO. 728 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL NO. 728 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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