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 (2021) 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 TRUSTEESdba C/O UNITED ADMINISTRATIVE SERVICESEIN 76-0759816Plan #001PY 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$261.7M

-16.2% from 2017

Total participants

5,270

-3.1% from 2017

Average account balance

$65,561

-12.2% from 2017

Annual return

30.71%

-15.78 pp from 2017

Benchmarks

See 77 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort77 peers

Snapshot2021

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Recordkeeping	$223,608
UNITED ADMINISTRATIVE SERVICES5 years Service code 13 · EIN 94-1749354 6800 SANTA TERESA BLVD · SAN JOSE, CA 95119	Contract Administrator	$51,310
STRATEGIC CAPITAL INVESTMENT ADVISO6+ years Filed as: STRATEGIC CAPITAL INVESTMENTS Service code 27 · EIN 36-4268991 720 E. BUTTERFIELD ROAD · LOMBARD, IL 60148	Advisory (Plan)	$45,500
INEICH & COMPANY, LLP6+ years Service code 10 · EIN 56-2552172 950 TOWER LANE · FOSTER CITY, CA 94404	Accounting	$21,500
NEYHART, ANDERSON, FLYNN & GROSBOLL6+ years Filed as: NEYHART, ANDERSON, FREITAS Service code 29 · EIN 94-2576729 369 PINE STREET · SAN FRANCISCO, CA 94104	Legal	$11,553
ELITE BOOKKEEPING2 years Service code 10 · EIN 83-2651683 333 S. ANITA DRIVE · ORANGE, CA 92868	Accounting	$9,418
ALLEN BATES TECHNOLOGIES1 year Filed as: ALLEN BATES TECHNOLOGIES, INC Service code 16 · EIN 32-0102319 600 MCKNIGHT PARK DRIVE · PITTSBURGH, PA 15237	Consulting	$2,400
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
GOLDMAN SACHS3 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$466K

$90 / participant

Investment mgmt$46K9.8%
Contract admin$51K11.0%
Other / not subdivided$370K79.2%

% of EOY assets

0.178%

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: 562252172
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,561

$80,412-18.5%

$109,191-40.0%

$101,555-35.4%

Participation rate

75.4%

84.4%-9.0pp

75.9%-0.4pp

74.5%+0.9pp

Annual return

30.71%

16.17%+14.5pp

25.76%+5.0pp

21.00%+9.7pp

Employer contribution / active EE

$2,433

$3,731-34.8%

$3,723-34.7%

$2,972-18.1%

Participant deferral / active EE

$3,396-100.0%

$4,653-100.0%

$4,874-100.0%

Admin fee / account holder

$117

$135-13.4%

$6,756-98.3%

$139-16.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 15 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Recordkeeping

$223,608

UNITED ADMINISTRATIVE SERVICES5 years

Service code 13 · EIN 94-1749354

6800 SANTA TERESA BLVD · SAN JOSE, CA 95119

Contract Administrator

$51,310

STRATEGIC CAPITAL INVESTMENT ADVISO6+ years

Filed as: STRATEGIC CAPITAL INVESTMENTS

Service code 27 · EIN 36-4268991

720 E. BUTTERFIELD ROAD · LOMBARD, IL 60148

Advisory (Plan)

$45,500

INEICH & COMPANY, LLP6+ years

Service code 10 · EIN 56-2552172

950 TOWER LANE · FOSTER CITY, CA 94404

Accounting

$21,500

NEYHART, ANDERSON, FLYNN & GROSBOLL6+ years

Filed as: NEYHART, ANDERSON, FREITAS

Service code 29 · EIN 94-2576729

369 PINE STREET · SAN FRANCISCO, CA 94104

Legal

$11,553

ELITE BOOKKEEPING2 years

Service code 10 · EIN 83-2651683

333 S. ANITA DRIVE · ORANGE, CA 92868

Accounting

$9,418

ALLEN BATES TECHNOLOGIES1 year

Filed as: ALLEN BATES TECHNOLOGIES, INC

Service code 16 · EIN 32-0102319

600 MCKNIGHT PARK DRIVE · PITTSBURGH, PA 15237

Consulting

$2,400

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

GOLDMAN SACHS3 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment 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