Retirement plan

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 11

Name: IBEW LU-1141 PENSION TRUST - THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 11 (2018) Form 5500
Creator: IBEW LU-1141 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 11, IBEW LU-1141 PENSION TRUST

IBEW LU-1141 PENSION TRUSTEIN 73-6109391Plan #002PY 2018

13919 QUAIL POINTE DRIVE - OKLAHOMA CITY, OK 73134405-848-4646LinkedIn1001-5000 employeesconstruction

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$112.2M

+9.1% from 2017

Total participants

1,607

+2.0% from 2017

Average account balance

$74,950

+10.0% from 2017

Annual return

8.50%

+0.29 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$188.69M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

2,196

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 14 by compensation

Provider	Service type	Compensation
ARGENT INSTITUTIONAL SERVICES1 year Filed as: HERITAGE INSTITUTIONAL SERVICES Service code 27 · EIN 27-2388726	Advisory (Plan)	$51,029
ARGENT INSTITUTIONAL SERVICES1 year Filed as: HERITAGE INSTITUTIONAL SERVICES LLC Service code 16 · EIN 27-2388726	Consulting	$48,750
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$6,070
CAPSTONE WEALTH MANAGEMENT1 year Filed as: CAPSTONE RETIREMENT SVCS, LLC Service code 13 · EIN 26-0674136	Contract Administrator	$5,275
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 43-1729218	Indirect Investment Fees	$0
ARTISAN PARTNERS1 year Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4625304	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2T

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$192K

$123 / participant

Investment mgmt$186K96.8%
Contract admin$6K3.2%

% of EOY assets

0.171%

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: HSPG & ASSOCIATES P.C.
Auditor EIN: 205861398
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,950

$60,396+24.1%

$83,831-10.6%

$75,289-0.5%

Participation rate

92.9%

80.7%+12.2pp

76.1%+16.8pp

72.4%+20.5pp

Annual return

8.50%

3.84%+4.7pp

850.99%-842.5pp

-0.04%+8.5pp

Employer contribution / active EE

$3,772

$3,343+12.8%

$3,631+3.9%

$2,405+56.8%

Participant deferral / active EE

$851

$2,922-70.9%

$4,082-79.1%

$3,739-77.2%

Admin fee / account holder

$128

$141-9.1%

$5,479-97.7%

$102+25.5%

Provider

Service type

Compensation

ARGENT INSTITUTIONAL SERVICES1 year

Filed as: HERITAGE INSTITUTIONAL SERVICES

Service code 27 · EIN 27-2388726

Advisory (Plan)

$51,029

ARGENT INSTITUTIONAL SERVICES1 year

Filed as: HERITAGE INSTITUTIONAL SERVICES LLC

Service code 16 · EIN 27-2388726

Consulting

$48,750

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$6,070

CAPSTONE WEALTH MANAGEMENT1 year

Filed as: CAPSTONE RETIREMENT SVCS, LLC

Service code 13 · EIN 26-0674136

Contract Administrator

$5,275

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1729218

Indirect Investment Fees

ARTISAN PARTNERS1 year

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4625304

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 11

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 11

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