Retirement plan

NEW ORLEANS ELECTRICAL ANNUITY PLAN

Name: BOARD OF TRUSTEES OF THE NOE ANNUITY PLAN - NEW ORLEANS ELECTRICAL ANNUITY PLAN (2022) Form 5500
Creator: BOARD OF TRUSTEES OF THE NOE ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ORLEANS ELECTRICAL ANNUITY PLAN, BOARD OF TRUSTEES OF THE NOE ANNUITY PLAN

BOARD OF TRUSTEES OF THE NOE ANNUITY PLANEIN 72-1417592Plan #002PY 2022

P.O. BOX 1449 - GOODLETTSVILLE, TN 37070615-859-0131

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$65.7M

-13.8% from 2021

Total participants

1,524

+1.9% from 2021

Average account balance

$43,140

-15.4% from 2021

Annual return

-16.31%

-27.01 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$88.35M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

1,917

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

$6.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: PRUDENTIAL INSURANCE COMPANY Service code 19 · EIN 58-6132179	Securities Custodian	$136,743
SOUTHERN BENEFIT ADMINISTRATORS8+ years Service code 13 · EIN 62-1116095	Contract Administrator	$68,533
SYNOVUS TRUST COMPANY8+ years Service code 27 · EIN 58-6132179	Advisory (Plan)	$42,263
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$19,801
DENNIS G. JENKINS, CPA,LLC1 year Filed as: DENNIS G. JENKINS Service code 10 · EIN 20-5886120	Accounting	$6,700

Plan features & details

Pension benefit codes2A2E

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$254K

$172 / participant

Investment mgmt$106K41.7%
Contract admin$26K10.3%
Other / not subdivided$122K48.1%

% of EOY assets

0.386%

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: PBMARES LLC
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,140

$76,774-43.8%

$112,263-61.6%

$77,906-44.6%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-16.31%

-10.25%-6.1pp

27.49%-43.8pp

12.16%-28.5pp

Employer contribution / active EE

$3,045

$3,977-23.4%

$3,636-16.3%

$2,846+7.0%

Participant deferral / active EE

$3,778-100.0%

$4,729-100.0%

$4,805-100.0%

Admin fee / account holder

$166

$239-30.4%

$6,410-97.4%

$133+25.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 19 · EIN 58-6132179

Securities Custodian

$136,743

SOUTHERN BENEFIT ADMINISTRATORS8+ years

Service code 13 · EIN 62-1116095

Contract Administrator

$68,533

SYNOVUS TRUST COMPANY8+ years

Service code 27 · EIN 58-6132179

Advisory (Plan)

$42,263

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$19,801

DENNIS G. JENKINS, CPA,LLC1 year

Filed as: DENNIS G. JENKINS

Service code 10 · EIN 20-5886120

Accounting

$6,700

NEW ORLEANS ELECTRICAL ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW ORLEANS ELECTRICAL ANNUITY 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