Retirement plan

N. E. C. A. I.B.E.W. LOCAL UNION NO. 584 PROFIT SHARING PLAN

Name: BOARD OF TRUSTEES OF NECA-IBEW LU NUMBER 584 PROFIT SHARING PLAN - N. E. C. A. I.B.E.W. LOCAL UNION NO. 584 PROFIT SHARING PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES OF NECA-IBEW LU NUMBER 584 PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, N. E. C. A. I.B.E.W. LOCAL UNION NO. 584 PROFIT SHARING PLAN, BOARD OF TRUSTEES OF NECA-IBEW LU NUMBER 584 PROFIT SHARING PLAN

BOARD OF TRUSTEES OF NECA-IBEW LU NUMBER 584 PROFIT SHARING PLANEIN 73-1407442Plan #003PY 2016

520 E CENTRAL PKWY - PLANO, TX 75074972-943-9559

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$16.1M

+0.6% from 2015

Total participants

944

-5.7% from 2015

Average account balance

$17,095

+6.7% from 2015

Annual return

2.17%

+1.77 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.41M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

1,250

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 7 by compensation

Provider	Service type	Compensation
NECA IBEW LOCAL 5842+ years Service code 49 · EIN 73-1407442	Other Services	$58,580
CONNER & WINTERS1 year Filed as: CONNER AND WINTERS Service code 29 · EIN 73-1388566	Legal	$33,874
CUNEO, LAWSON, SHAY & STALEY1 year Filed as: CUNEO LAWSON SHAY AND STALEY Service code 15 · EIN 44-0642126	Recordkeeping	$23,115
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES& ASSOCIATES, INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$15,365
AMERIBEN1 year Filed as: AMERIBEN IEC GROUP Service code 15 · EIN 82-0497661	Recordkeeping	$12,579
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL RETIREMENT INSURANCE Service code 13 · EIN 06-1050034	Contract Administrator	$6,480
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL RETIREMENT INSRANCE Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2H2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$109K

$121 / participant

Investment mgmt$25K22.8%
Contract admin$10K9.2%
Other / not subdivided$74K68.1%

% of EOY assets

0.678%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CUNEO LAWSON SHAY AND STALEY
Auditor EIN: 440642126
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,095

$57,921-70.5%

$84,753-79.8%

$57,658-70.4%

Participation rate

100.0%

72.9%+27.1pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

2.17%

10.24%-8.1pp

22.78%-20.6pp

5.13%-3.0pp

Employer contribution / active EE

$1,004

$2,598-61.3%

$3,574-71.9%

$1,974-49.1%

Participant deferral / active EE

$600

$2,742-78.1%

$3,712-83.8%

$3,061-80.4%

Admin fee / account holder

$116

$130-10.6%

$5,333-97.8%

$95+22.6%

Provider

Service type

Compensation

NECA IBEW LOCAL 5842+ years

Service code 49 · EIN 73-1407442

Other Services

$58,580

CONNER & WINTERS1 year

Filed as: CONNER AND WINTERS

Service code 29 · EIN 73-1388566

Legal

$33,874

CUNEO, LAWSON, SHAY & STALEY1 year

Filed as: CUNEO LAWSON SHAY AND STALEY

Service code 15 · EIN 44-0642126

Recordkeeping

$23,115

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES& ASSOCIATES, INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$15,365

AMERIBEN1 year

Filed as: AMERIBEN IEC GROUP

Service code 15 · EIN 82-0497661

Recordkeeping

$12,579

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL RETIREMENT INSURANCE

Service code 13 · EIN 06-1050034

Contract Administrator

$6,480

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL RETIREMENT INSRANCE

Service code 15

Recordkeeping

N. E. C. A. I.B.E.W. LOCAL UNION NO. 584 PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

N. E. C. A. I.B.E.W. LOCAL UNION NO. 584 PROFIT SHARING 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