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 (2018) 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 2018

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

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$16M

-7.9% from 2017

Total participants

873

-0.5% from 2017

Average account balance

$18,297

-7.5% from 2017

Annual return

-5.73%

-19.30 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
NECA IBEW LOCAL 5844+ years Service code 49 · EIN 73-1407442	Other Services	$64,764
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Filed as: PRUDENTIAL RETIREMENT INSURANCE Service code 13 · EIN 06-1050034	Contract Administrator	$42,613
CONNER & WINTERS3 years Filed as: CONNER AND WINTERS Service code 22 · EIN 73-1388566	Insurance Broker	$22,092
CUNEO, LAWSON, SHAY & STALEY4+ years Filed as: CUNEO, LAWSON, SHAY AND STALEY Service code 10 · EIN 44-0642126	Accounting	$16,291
AMERIBEN3 years Filed as: AMERIBEN IEC GROUP Service code 12 · EIN 82-0497661	Claims processing	$10,494
PRUDENTIAL RETIREMENT INSURANCE AND4+ 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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$109K

$131 / participant

Investment mgmt$43K39.2%
Contract admin$10K9.2%
Other / not subdivided$56K51.6%

% of EOY assets

0.680%

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 & STALEY
Auditor EIN: 440642126
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,297

$56,443-67.6%

$83,831-78.2%

$55,725-67.2%

Participation rate

100.0%

72.0%+28.0pp

76.1%+23.9pp

70.9%+29.1pp

Annual return

-5.73%

393.67%-399.4pp

850.99%-856.7pp

244.93%-250.7pp

Employer contribution / active EE

$1,338

$2,682-50.1%

$3,631-63.1%

$2,078-35.6%

Participant deferral / active EE

$820

$2,965-72.3%

$4,082-79.9%

$3,356-75.6%

Admin fee / account holder

$124

$156-20.3%

$5,479-97.7%

$115+8.1%

Provider

Service type

Compensation

NECA IBEW LOCAL 5844+ years

Service code 49 · EIN 73-1407442

Other Services

$64,764

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: PRUDENTIAL RETIREMENT INSURANCE

Service code 13 · EIN 06-1050034

Contract Administrator

$42,613

CONNER & WINTERS3 years

Filed as: CONNER AND WINTERS

Service code 22 · EIN 73-1388566

Insurance Broker

$22,092

CUNEO, LAWSON, SHAY & STALEY4+ years

Filed as: CUNEO, LAWSON, SHAY AND STALEY

Service code 10 · EIN 44-0642126

Accounting

$16,291

AMERIBEN3 years

Filed as: AMERIBEN IEC GROUP

Service code 12 · EIN 82-0497661

Claims processing

$10,494

PRUDENTIAL RETIREMENT INSURANCE AND4+ 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