Retirement plan

SUPPLEMENTAL PENSION/401(K) PLAN TO IBEW LU1141 RETIREMENT AND 401(K) PLAN

Name: IBEW LU-1141 PENSION TRUST - SUPPLEMENTAL PENSION/401(K) PLAN TO IBEW LU1141 RETIREMENT AND 401(K) PLAN (2024) Form 5500
Creator: IBEW LU-1141 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPPLEMENTAL PENSION/401(K) PLAN TO IBEW LU1141 RETIREMENT AND 401(K) PLAN, IBEW LU-1141 PENSION TRUST

IBEW LU-1141 PENSION TRUSTEIN 73-6109391Plan #002PY 2024

1700 SE 15ND ST - OKLAHOMA CITY, OR 73129405-310-7028LinkedIn1001-5000 employeesconstruction

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$169.5M

+17.4% from 2023

Total participants

2,478

+16.0% from 2023

Average account balance

$78,792

+3.5% from 2023

Annual return

14.72%

+13.65 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Filed as: ARGENT RETIREMENT PLAN ADVISORS LLC Service code 27 621 N ROBINSON STE 100 · OKLAHOMA CITY, OK 73102	Advisory (Plan)	$85,699
CAPSTONE RETIREMENT SERVICES2 years Filed as: CAPSTONE RETIREMENT SERVICES LLC Service code 13 1310 S KELLY AVE · EDMOND, OK 73003	Contract Administrator	$15,800
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,979
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$500

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

$110K

$50 / participant

Recordkeeping$5000.5%
Investment mgmt$94K85.2%
Contract admin$16K14.4%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LBMC PC
Auditor EIN: 621199757
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,792

$241,850-67.4%

$102,383-23.0%

$199,921-60.6%

Participation rate

85.2%

78.3%+6.9pp

74.5%+10.7pp

72.0%+13.2pp

Annual return

14.72%

17.67%-3.0pp

24.94%-10.2pp

34.28%-19.6pp

Employer contribution / active EE

$4,483

$4,253+5.4%

$3,870+15.8%

$3,035+47.7%

Participant deferral / active EE

$1,230

$3,961-68.9%

$5,060-75.7%

$5,089-75.8%

Admin fee / account holder

$51

$288-82.3%

$8,391-99.4%

$269-81.0%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: ARGENT RETIREMENT PLAN ADVISORS LLC

Service code 27

621 N ROBINSON STE 100 · OKLAHOMA CITY, OK 73102

Advisory (Plan)

$85,699

CAPSTONE RETIREMENT SERVICES2 years

Filed as: CAPSTONE RETIREMENT SERVICES LLC

Service code 13

1310 S KELLY AVE · EDMOND, OK 73003

Contract Administrator

$15,800

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,979

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$500

SUPPLEMENTAL PENSION/401(K) PLAN TO IBEW LU1141 RETIREMENT AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPPLEMENTAL PENSION/401(K) PLAN TO IBEW LU1141 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