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 (2020) 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 2020

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

Prospect flagsHigh retiree %Low participationLow employer contribution

How to read this page

Total assets (EOY)

$66.5M

+9.5% from 2019

Total participants

1,349

+0.1% from 2019

Average account balance

No prior year

Annual return

11.02%

-2.42 pp from 2019

Benchmarks

See 249 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort249 peers

Snapshot2020

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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
CAPFINANCIAL PARTNERS LLC6+ years Filed as: CAPTRUST Service code 27 · EIN 26-0058143	Advisory (Plan)	$115,786
NEBA6+ years Service code 13 · EIN 65-0498809	Contract Administrator	$107,003
SUGARMAN & SUSSKIND PA6+ years Filed as: SUGARMAN AND SUSSKIND Service code 29 · EIN 59-2539792	Legal	$84,040
HORIZON ACTUARIAL SERVICES, LLC6+ years Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$67,069
SAWGRASS ASSET MANAGEMENT6+ years Service code 28 · EIN 59-3488505	Investment Management	$35,935
COMERICA BANK6+ years Filed as: COMERICA Service code 19 · EIN 42-1741646	Securities Custodian	$21,701
LEGACY PROFESSIONALS LLP6+ years Service code 10 · EIN 32-0043599	Accounting	$20,300
MORGAN STANLEY SMITH BARNEY1 year Filed as: J.P. MORGAN ASSET MANAGEMENT Service code 28 · EIN 13-4994650	Investment Management	$17,707
IBEW-NECA SERVICE CENTER6+ years Filed as: IBEW LOCAL 728 UNION Service code 49 · EIN 59-1953076	Other Services	$16,878
PROFUND SOLUTIONS6+ years Filed as: PROFUND SOLUTIONS LLC 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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$567K

$1049 / participant

Investment mgmt$200K35.3%
Contract admin$104K18.4%
Other / not subdivided$263K46.3%

% of EOY assets

0.853%

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

$1,055,769-100.0%

$165,322-100.0%

$2,822,362-100.0%

Participation rate

0.0%

0.0%0pp

32.5%-32.5pp

0.6%-0.6pp

Annual return

11.02%

6.41%+4.6pp

8.01%+3.0pp

11.45%-0.4pp

Employer contribution / active EE

$3,108

$11,592-73.2%

$29,475-89.5%

$17,219-81.9%

Participant deferral / active EE

$735-100.0%

$357-100.0%

Admin fee / account holder

$13,084-100.0%

$637-100.0%

$15,480-100.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC6+ years

Filed as: CAPTRUST

Service code 27 · EIN 26-0058143

Advisory (Plan)

$115,786

NEBA6+ years

Service code 13 · EIN 65-0498809

Contract Administrator

$107,003

SUGARMAN & SUSSKIND PA6+ years

Filed as: SUGARMAN AND SUSSKIND

Service code 29 · EIN 59-2539792

Legal

$84,040

HORIZON ACTUARIAL SERVICES, LLC6+ years

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$67,069

SAWGRASS ASSET MANAGEMENT6+ years

Service code 28 · EIN 59-3488505

Investment Management

$35,935

COMERICA BANK6+ years

Filed as: COMERICA

Service code 19 · EIN 42-1741646

Securities Custodian

$21,701

LEGACY PROFESSIONALS LLP6+ years

Service code 10 · EIN 32-0043599

Accounting

$20,300

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J.P. MORGAN ASSET MANAGEMENT

Service code 28 · EIN 13-4994650

Investment Management

$17,707

IBEW-NECA SERVICE CENTER6+ years

Filed as: IBEW LOCAL 728 UNION

Service code 49 · EIN 59-1953076

Other Services

$16,878

PROFUND SOLUTIONS6+ years

Filed as: PROFUND SOLUTIONS LLC

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