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 (2021) 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 2021

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$145.9M

+15.4% from 2020

Total participants

2,105

+6.2% from 2020

Average account balance

$76,704

+11.2% from 2020

Annual return

21.30%

+16.69 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 15 by compensation

Provider	Service type	Compensation
ARGENT INSTITUTIONAL SERVICES4 years Filed as: HERITAGE INSTITUTIONAL SERVICES Service code 27 · EIN 27-2388726	Advisory (Plan)	$81,374
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$29,472
CAPSTONE RETIREMENT SERVICES2 years Service code 14 · EIN 26-0674136	Plan Administrator	$22,550
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY4 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT4 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PGIM INVESTMENTS4 years Service code 52 · EIN 13-3352347	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

$79K

$40 / participant

Investment mgmt$49K62.7%
Contract admin$29K37.3%

% of EOY assets

0.054%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,704

$88,770-13.6%

$109,163-29.7%

$93,010-17.5%

Participation rate

89.6%

81.5%+8.1pp

75.9%+13.7pp

73.9%+15.7pp

Annual return

21.30%

60.64%-39.3pp

25.75%-4.5pp

158.70%-137.4pp

Employer contribution / active EE

$3,847

$3,780+1.8%

$3,723+3.3%

$2,705+42.2%

Participant deferral / active EE

$981

$3,630-73.0%

$4,654-78.9%

$4,561-78.5%

Admin fee / account holder

$41

$172-76.0%

$6,754-99.4%

$152-72.7%

Provider

Service type

Compensation

ARGENT INSTITUTIONAL SERVICES4 years

Filed as: HERITAGE INSTITUTIONAL SERVICES

Service code 27 · EIN 27-2388726

Advisory (Plan)

$81,374

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$29,472

CAPSTONE RETIREMENT SERVICES2 years

Service code 14 · EIN 26-0674136

Plan Administrator

$22,550

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY4 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT4 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PGIM INVESTMENTS4 years

Service code 52 · EIN 13-3352347

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