Retirement plan

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 1141 RETIREMENT AND 401(K) PLAN

Name: IBEW LU-1141 PENSION TRUST - THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 1141 RETIREMENT AND 401(K) PLAN (2020) 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 1141 RETIREMENT AND 401(K) PLAN, IBEW LU-1141 PENSION TRUST

IBEW LU-1141 PENSION TRUSTEIN 73-6109391Plan #002PY 2020

1310 S. KELLY AVE, 405 310-7028 - EDMOND, OK 73003405-310-7028LinkedIn1001-5000 employeesconstruction

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$126.5M

+9.1% from 2019

Total participants

1,983

+12.4% from 2019

Average account balance

$68,986

-4.8% from 2019

Annual return

4.61%

+3.14 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 SERVICES3 years Filed as: HERITAGE INSTITUTIONAL SERVICES Service code 27 · EIN 27-2388726	Advisory (Plan)	$79,296
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,740
CAPSTONE RETIREMENT SERVICES1 year Service code 14 · EIN 26-0674136	Plan Administrator	$8,775
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT3 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PGIM INVESTMENTS3 years Service code 52 · EIN 13-3352347	Indirect Investment Fees	$0
PIMCO FUNDS2 years Service code 52 · EIN 95-2632339	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

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.
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

$180K

$94 / participant

Investment mgmt$79K44.0%
Contract admin$12K6.5%
Other / not subdivided$89K49.5%

% of EOY assets

0.143%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,986

$81,719-15.6%

$101,275-31.9%

$90,274-23.6%

Participation rate

92.2%

80.7%+11.5pp

75.8%+16.4pp

73.4%+18.8pp

Annual return

4.61%

337.64%-333.0pp

46.48%-41.9pp

53.97%-49.4pp

Employer contribution / active EE

$4,247

$3,622+17.2%

$3,660+16.0%

$2,523+68.3%

Participant deferral / active EE

$1,088

$3,310-67.1%

$4,371-75.1%

$4,231-74.3%

Admin fee / account holder

$98

$162-39.2%

$5,948-98.3%

$114-13.7%

Provider

Service type

Compensation

ARGENT INSTITUTIONAL SERVICES3 years

Filed as: HERITAGE INSTITUTIONAL SERVICES

Service code 27 · EIN 27-2388726

Advisory (Plan)

$79,296

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,740

CAPSTONE RETIREMENT SERVICES1 year

Service code 14 · EIN 26-0674136

Plan Administrator

$8,775

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT3 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PGIM INVESTMENTS3 years

Service code 52 · EIN 13-3352347

Indirect Investment Fees

PIMCO FUNDS2 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 1141 RETIREMENT AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SUPPLEMENTAL PENSION 401(K) PLAN TO IBEW LU 1141 RETIREMENT AND 401(K) 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