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 (2018) 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 2018

2010 N.W. 150TH AVENUE, SUITE 100 - PEMBROKE PINES, FL 33028954-266-6322

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$54.1M

-4.3% from 2017

Total participants

1,330

+0.4% from 2017

Average account balance

No prior year

Annual return

-3.61%

-12.63 pp from 2017

Benchmarks

See 194 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort194 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$71.88M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

888

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

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.68%

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 12 by compensation

Provider	Service type	Compensation
NEBA4+ years Service code 13 · EIN 65-0498809	Contract Administrator	$106,281
SUGARMAN & SUSSKIND PA4+ years Filed as: SUGARMAN AND SUSSKIND Service code 29 · EIN 59-2539792	Legal	$84,000
CAPFINANCIAL PARTNERS LLC4+ years Filed as: CAPTRUST Service code 27 · EIN 26-0058143	Advisory (Plan)	$82,405
HORIZON ACTUARIAL SERVICES, LLC4+ years Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$46,527
SAWGRASS ASSET MANAGEMENT4+ years Service code 28 · EIN 59-3488505	Investment Management	$39,406
ASB CAPITAL MANAGEMENT4+ years Service code 28 · EIN 80-0618452	Investment Management	$35,324
COMERICA BANK4+ years Filed as: COMERICA Service code 19 · EIN 59-6510428	Securities Custodian	$19,519
LEGACY PROFESSIONALS LLP4+ years Service code 10 · EIN 32-0043599	Accounting	$19,400
RHUMBLINE ADVISORS4+ years Filed as: RHUMBLINE ADVISORS CORP Service code 28 · EIN 04-3118582	Investment Management	$18,436
IBEW-NECA SERVICE CENTER4+ years Filed as: IBEW LOCAL 728 UNION Service code 49 · EIN 59-1953076	Other Services	$16,878

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

$563K

$1023 / participant

Investment mgmt$195K34.7%
Contract admin$104K18.5%
Other / not subdivided$264K46.9%

% of EOY assets

1.040%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,831-100.0%

$245,396-100.0%

$18,026,966-100.0%

Participation rate

0.0%

0.0%0pp

43.0%-43.0pp

1.8%-1.8pp

Annual return

-3.61%

4.25%-7.9pp

-752.26%+748.6pp

0.19%-3.8pp

Employer contribution / active EE

$3,469

$11,906-70.9%

$31,802-89.1%

$13,763-74.8%

Participant deferral / active EE

$1,467-100.0%

$47-100.0%

$804-100.0%

Admin fee / account holder

$593-100.0%

$1,223-100.0%

$426-100.0%

Provider

Service type

Compensation

NEBA4+ years

Service code 13 · EIN 65-0498809

Contract Administrator

$106,281

SUGARMAN & SUSSKIND PA4+ years

Filed as: SUGARMAN AND SUSSKIND

Service code 29 · EIN 59-2539792

Legal

$84,000

CAPFINANCIAL PARTNERS LLC4+ years

Filed as: CAPTRUST

Service code 27 · EIN 26-0058143

Advisory (Plan)

$82,405

HORIZON ACTUARIAL SERVICES, LLC4+ years

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$46,527

SAWGRASS ASSET MANAGEMENT4+ years

Service code 28 · EIN 59-3488505

Investment Management

$39,406

ASB CAPITAL MANAGEMENT4+ years

Service code 28 · EIN 80-0618452

Investment Management

$35,324

COMERICA BANK4+ years

Filed as: COMERICA

Service code 19 · EIN 59-6510428

Securities Custodian

$19,519

LEGACY PROFESSIONALS LLP4+ years

Service code 10 · EIN 32-0043599

Accounting

$19,400

RHUMBLINE ADVISORS4+ years

Filed as: RHUMBLINE ADVISORS CORP

Service code 28 · EIN 04-3118582

Investment Management

$18,436

IBEW-NECA SERVICE CENTER4+ years

Filed as: IBEW LOCAL 728 UNION

Service code 49 · EIN 59-1953076

Other Services

$16,878

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