Retirement plan

NEW ORLEANS ELECTRICAL ANNUITY PLAN

Name: BOARD OF TRUSTEES OF THE NOE ANNUITY PLAN - NEW ORLEANS ELECTRICAL ANNUITY PLAN (2023) 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 2023

P.O. BOX 1449 - GOODLETTSVILLE, TN 370701449615-859-0131

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$77.3M

+17.6% from 2022

Total participants

1,439

-5.6% from 2022

Average account balance

$53,717

+24.5% from 2022

Annual return

15.78%

+32.09 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: PRUDENTIAL INSURANCE COMPANY Service code 15 · EIN 58-6132179	Recordkeeping	$101,728
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN, LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$74,297
SYNOVUS TRUST COMPANY9+ years Service code 27 · EIN 58-6132179	Advisory (Plan)	$47,553
SOUTHERN BENEFIT ADMINISTRATORS9+ years Service code 14 · EIN 62-1116095 P.O. BOX 1449 · GOODLETTSVILLE, TN 37070	Plan Administrator	$27,834
PBMARES, LLP1 year Service code 10 · EIN 54-0737372 3957 WESTERRE PKWY · RICHMOND, VA 23233	Accounting	$11,206
MUTUAL FUNDS1 year Service code 28	Investment Management	$0

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

$318K

$228 / participant

Investment mgmt$149K46.9%
Legal$74K23.3%
Salaries / allowances$24K7.5%
Other trustee fees$4080.1%
Contract admin$27K8.4%
Other / not subdivided$44K13.7%

% of EOY assets

0.412%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DANIELS, IRWIN & AYLOR, CPAS
Auditor EIN: 621802605
Audit fees: $11,206
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,717

$88,479-39.3%

$96,538-44.4%

$80,169-33.0%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

15.78%

22.53%-6.8pp

35.74%-20.0pp

40.39%-24.6pp

Employer contribution / active EE

$3,744

$4,177-10.4%

$3,740+0.1%

$2,978+25.7%

Participant deferral / active EE

$3,961-100.0%

$4,880-100.0%

$5,016-100.0%

Admin fee / account holder

$221

$211+4.6%

$6,737-96.7%

$145+52.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 15 · EIN 58-6132179

Recordkeeping

$101,728

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN, LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$74,297

SYNOVUS TRUST COMPANY9+ years

Service code 27 · EIN 58-6132179

Advisory (Plan)

$47,553

SOUTHERN BENEFIT ADMINISTRATORS9+ years

Service code 14 · EIN 62-1116095

P.O. BOX 1449 · GOODLETTSVILLE, TN 37070

Plan Administrator

$27,834

PBMARES, LLP1 year

Service code 10 · EIN 54-0737372

3957 WESTERRE PKWY · RICHMOND, VA 23233

Accounting

$11,206

MUTUAL FUNDS1 year

Service code 28

Investment Management

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