Retirement plan

IBEW LOCAL UNION NO. 527 ANNUITY PLAN

Name: BOARD OF TRUSTEES OF IBEW LOCAL UNION NO. 527 ANNUITY PLAN - IBEW LOCAL UNION NO. 527 ANNUITY PLAN (2015) Form 5500
Creator: BOARD OF TRUSTEES OF IBEW LOCAL UNION NO. 527 ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL UNION NO. 527 ANNUITY PLAN, BOARD OF TRUSTEES OF IBEW LOCAL UNION NO. 527 ANNUITY PLAN

BOARD OF TRUSTEES OF IBEW LOCAL UNION NO. 527 ANNUITY PLANEIN 74-2091530Plan #001PY 2015

2509 FM 2004 - TEXAS CITY, TX 77591409-933-9800LinkedIn1001-5000 employeesconstruction

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$11.4M

No prior year

Total participants

458

No prior year

Average account balance

$28,499

No prior year

Annual return

-1.15%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.68M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

373

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$451K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$539

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 7 by compensation

Provider	Service type	Compensation
MARY DELANEY CERETTO1+ years Filed as: MARY BUSTAMONTE Service code 14 2509 FM 2004 · TEXAS CITY, TX 77591	Plan Administrator	$24,586
ERISA SERVICES, INC.1+ years Filed as: ERISA ADMINISTRATORS Service code 15 PO BOX 8690007 · PLANO, TX 75086	Recordkeeping	$15,000
EDWARDS AND LEATHERS, P.C.1+ years Service code 10 · EIN 20-8739519 606 ROLLINGBROOK · BAYTOWN, TX 77520	Accounting	$13,892
ROBEIN, URANN, SPENCER, PICARD & CA1+ years Filed as: ROBEIN, URANN, SPENCER, PICARD Service code 29 2540 SEVERN AVE SUITE 400 · MERTAIRIE, LA 70002	Legal	$12,341
COMPUSYS OF UTAH, INC.1+ years Filed as: COMPUSYS ERISA GROUP Service code 15 13706 RESEARCH BLVD · AUSTIN, TX 78750	Recordkeeping	$11,898
THE SEGAL COMPANY1+ years Filed as: THE SEGAL CO Service code 17 · EIN 94-1503999 7900 NORTH SAM HOUSTON PARKWAY WEST · HOUSTON, TX 77064	Pension Consulting	$8,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2H2C2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$152K

$370 / participant

Investment mgmt$34K22.7%
Other / not subdivided$117K77.3%

% of EOY assets

1.327%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,499

$50,498-43.6%

$75,784-62.4%

$55,191-48.4%

Participation rate

86.1%

69.4%+16.7pp

75.8%+10.3pp

69.2%+16.9pp

Annual return

-1.15%

1.80%-2.9pp

9.68%-10.8pp

10.78%-11.9pp

Employer contribution / active EE

$920

$2,291-59.8%

$3,323-72.3%

$1,899-51.5%

Participant deferral / active EE

$201

$2,589-92.2%

$3,652-94.5%

$3,046-93.4%

Admin fee / account holder

$378

$123+207.3%

$5,300-92.9%

$91+316.5%

Provider

Service type

Compensation

MARY DELANEY CERETTO1+ years

Filed as: MARY BUSTAMONTE

Service code 14

2509 FM 2004 · TEXAS CITY, TX 77591

Plan Administrator

$24,586

ERISA SERVICES, INC.1+ years

Filed as: ERISA ADMINISTRATORS

Service code 15

PO BOX 8690007 · PLANO, TX 75086

Recordkeeping

$15,000

EDWARDS AND LEATHERS, P.C.1+ years

Service code 10 · EIN 20-8739519

606 ROLLINGBROOK · BAYTOWN, TX 77520

Accounting

$13,892

ROBEIN, URANN, SPENCER, PICARD & CA1+ years

Filed as: ROBEIN, URANN, SPENCER, PICARD

Service code 29

2540 SEVERN AVE SUITE 400 · MERTAIRIE, LA 70002

Legal

$12,341

COMPUSYS OF UTAH, INC.1+ years

Filed as: COMPUSYS ERISA GROUP

Service code 15

13706 RESEARCH BLVD · AUSTIN, TX 78750

Recordkeeping

$11,898

THE SEGAL COMPANY1+ years

Filed as: THE SEGAL CO

Service code 17 · EIN 94-1503999

7900 NORTH SAM HOUSTON PARKWAY WEST · HOUSTON, TX 77064

Pension Consulting

$8,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL

Service code 28

Investment Management

IBEW LOCAL UNION NO. 527 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL UNION NO. 527 ANNUITY 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