Retirement plan

ORANGE COUNTY IBEW-NECA ELECTRICAL WORKERS DEFINED CONTRIBUTION PENSION PLAN

Name: ORANGE COUNTY IBEW-NECA BOARD OF TRUSTEES - ORANGE COUNTY IBEW-NECA ELECTRICAL WORKERS DEFINED CONTRIBUTION PENSION PLAN (2016) Form 5500
Creator: ORANGE COUNTY IBEW-NECA BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORANGE COUNTY IBEW-NECA ELECTRICAL WORKERS DEFINED CONTRIBUTION PENSION PLAN, ORANGE COUNTY IBEW-NECA BOARD OF TRUSTEES

ORANGE COUNTY IBEW-NECA BOARD OF TRUSTEESEIN 76-0759816Plan #001PY 2016

6800 SANTA TERESA BLVD, SUITE 100 - SAN JOSE, CA 95119408-288-4400

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$122.5M

-16.2% from 2017

Total participants

4,435

-3.1% from 2017

Average account balance

$38,944

-12.2% from 2017

Annual return

-1.12%

-15.78 pp from 2017

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$335.45M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

4,741

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

$13.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 9 by compensation

Provider	Service type	Compensation
UNITED ADMINISTRATIVE SERVICES1+ years Filed as: UNITED ADMINSTRATIVE SERVICES Service code 13 · EIN 94-1749354 6800 SANTA TERESA BLVD · SAN JOSE, CA 95119	Contract Administrator	$45,900
STRATEGIC CAPITAL INVESTMENT ADVISO1+ years Filed as: STRATEGIC CAPITAL INVESTMENTS Service code 27 · EIN 36-4268991 720 E, BUTTERFIELD ROAD · LOMBARD, IL 60148	Advisory (Plan)	$42,874
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO. Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$21,957
INEICH & COMPANY, LLP1+ years Service code 10 · EIN 56-2552172 950 TOWER LANE · FOSTER CITY, CA 94404	Accounting	$15,000
NEYHART, ANDERSON, FLYNN & GROSBOLL1+ years Filed as: NEYHART, ANDERSON, FREITAS Service code 29 · EIN 94-2576729 369 PINE STREET · SAN FRANCISCO, CA 94104	Legal	$12,939
SMITH & HOWARD, PC1+ years Filed as: SMITH, LINDEN, & BASSCO, LLP Service code 10 5120 BIRCH STREET · NEWPORT BEACH, CA 92660	Accounting	$9,227
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTAL LIFE INS. CO. Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$377K

$86 / participant

Investment mgmt$43K11.4%
Contract admin$46K12.2%
Other / not subdivided$288K76.4%

% of EOY assets

0.307%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: INEICH & COMPANY, LLP
Auditor EIN: 562552172
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,944

$54,392-28.4%

$84,753-54.0%

$63,975-39.1%

Participation rate

70.7%

76.9%-6.2pp

76.6%-5.9pp

71.1%-0.5pp

Annual return

-1.12%

611.38%-612.5pp

22.78%-23.9pp

48.65%-49.8pp

Employer contribution / active EE

$1,840

$2,943-37.5%

$3,574-48.5%

$2,182-15.7%

Participant deferral / active EE

$2,593-100.0%

$3,712-100.0%

$3,356-100.0%

Admin fee / account holder

$120

$136-11.8%

$5,333-97.8%

$70+70.0%

Provider

Service type

Compensation

UNITED ADMINISTRATIVE SERVICES1+ years

Filed as: UNITED ADMINSTRATIVE SERVICES

Service code 13 · EIN 94-1749354

6800 SANTA TERESA BLVD · SAN JOSE, CA 95119

Contract Administrator

$45,900

STRATEGIC CAPITAL INVESTMENT ADVISO1+ years

Filed as: STRATEGIC CAPITAL INVESTMENTS

Service code 27 · EIN 36-4268991

720 E, BUTTERFIELD ROAD · LOMBARD, IL 60148

Advisory (Plan)

$42,874

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO.

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$21,957

INEICH & COMPANY, LLP1+ years

Service code 10 · EIN 56-2552172

950 TOWER LANE · FOSTER CITY, CA 94404

Accounting

$15,000

NEYHART, ANDERSON, FLYNN & GROSBOLL1+ years

Filed as: NEYHART, ANDERSON, FREITAS

Service code 29 · EIN 94-2576729

369 PINE STREET · SAN FRANCISCO, CA 94104

Legal

$12,939

SMITH & HOWARD, PC1+ years

Filed as: SMITH, LINDEN, & BASSCO, LLP

Service code 10

5120 BIRCH STREET · NEWPORT BEACH, CA 92660

Accounting

$9,227

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTAL LIFE INS. CO.

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 60

Sub-TA Fees

ORANGE COUNTY IBEW-NECA ELECTRICAL WORKERS DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORANGE COUNTY IBEW-NECA ELECTRICAL WORKERS DEFINED CONTRIBUTION PENSION 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