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 (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$228.5M

-16.2% from 2017

Total participants

5,538

-3.1% from 2017

Average account balance

$54,168

-12.2% from 2017

Annual return

-15.29%

-15.78 pp from 2017

Benchmarks

See 68 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort68 peers

Snapshot2022

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 18 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$166,847
UNITED ADMINISTRATIVE SERVICES6 years Service code 13 · EIN 94-1749354 6800 SANTA TERESA BLVD · SAN JOSE, CA 95119	Contract Administrator	$51,660
STRATEGIC CAPITAL INVESTMENT ADVISO7+ years Filed as: STRATEGIC CAPITAL INVESTMENTS Service code 27 · EIN 36-4268991 700 E. BUTTERFIELD ROAD · LOMBARD, IL 60148	Advisory (Plan)	$46,500
INEICH & COMPANY, LLP7+ years Service code 10 · EIN 56-2552172 950 TOWER LANE · FOSTER CITY, CA 94404	Accounting	$20,000
NEYHART, ANDERSON, FLYNN & GROSBOLL1 year Service code 29 · EIN 94-2576729 369 PINE STREET · SAN FRANCISCO, CA 94104	Legal	$9,931
SMART SOURCE LLC4 years Filed as: SMART SOURCE CRITICAL COMMUNICATION Service code 36 · EIN 30-0830429 P.O. BOX 2284 · COLUMBUS, GA 319022284	Copying and duplicating	$9,806
ELITE BOOKKEEPING3 years Service code 10 · EIN 88-0784081 333 S. ANITA DRIVE · ORANGE, CA 92868	Accounting	$5,523
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3022712	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

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

$354K

$65 / participant

Investment mgmt$47K13.1%
Contract admin$52K14.6%
Other / not subdivided$256K72.3%

% of EOY assets

0.155%

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

$54,168

$70,048-22.7%

$112,270-51.8%

$78,104-30.6%

Participation rate

75.9%

84.1%-8.3pp

75.1%+0.8pp

74.5%+1.4pp

Annual return

-15.29%

-10.85%-4.4pp

27.49%-42.8pp

10.90%-26.2pp

Employer contribution / active EE

$2,446

$4,000-38.9%

$3,635-32.7%

$3,128-21.8%

Participant deferral / active EE

$3,679-100.0%

$4,729-100.0%

$5,089-100.0%

Admin fee / account holder

$84

$127-33.9%

$6,411-98.7%

$79+6.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$166,847

UNITED ADMINISTRATIVE SERVICES6 years

Service code 13 · EIN 94-1749354

6800 SANTA TERESA BLVD · SAN JOSE, CA 95119

Contract Administrator

$51,660

STRATEGIC CAPITAL INVESTMENT ADVISO7+ years

Filed as: STRATEGIC CAPITAL INVESTMENTS

Service code 27 · EIN 36-4268991

700 E. BUTTERFIELD ROAD · LOMBARD, IL 60148

Advisory (Plan)

$46,500

INEICH & COMPANY, LLP7+ years

Service code 10 · EIN 56-2552172

950 TOWER LANE · FOSTER CITY, CA 94404

Accounting

$20,000

NEYHART, ANDERSON, FLYNN & GROSBOLL1 year

Service code 29 · EIN 94-2576729

369 PINE STREET · SAN FRANCISCO, CA 94104

Legal

$9,931

SMART SOURCE LLC4 years

Filed as: SMART SOURCE CRITICAL COMMUNICATION

Service code 36 · EIN 30-0830429

P.O. BOX 2284 · COLUMBUS, GA 319022284

Copying and duplicating

$9,806

ELITE BOOKKEEPING3 years

Service code 10 · EIN 88-0784081

333 S. ANITA DRIVE · ORANGE, CA 92868

Accounting

$5,523

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3022712

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

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