Retirement plan

ELECTRICAL WORKERS DEFINED CONTRIBUTION PLAN FOR N. NV.

Name: BOARD OF TRUSTEES FOR ELECTRICAL WORKERS DC PLAN FOR N. NV. - ELECTRICAL WORKERS DEFINED CONTRIBUTION PLAN FOR N. NV. (2023) Form 5500
Creator: BOARD OF TRUSTEES FOR ELECTRICAL WORKERS DC PLAN FOR N. NV.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELECTRICAL WORKERS DEFINED CONTRIBUTION PLAN FOR N. NV., BOARD OF TRUSTEES FOR ELECTRICAL WORKERS DC PLAN FOR N. NV.

BOARD OF TRUSTEES FOR ELECTRICAL WORKERS DC PLAN FOR N. NV.EIN 88-0138556Plan #002PY 2023

445 APPLE ST STE 109 - RENO, NV 895023528775-826-7200

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$114.7M

+23.1% from 2022

Total participants

2,096

+6.1% from 2022

Average account balance

$54,723

+16.0% from 2022

Annual return

15.87%

+31.67 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$128.81M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

2,140

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.

59.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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 5 by compensation

Provider	Service type	Compensation
BENEFIT PLAN ADMINISTRATORS1 year Filed as: BENEFIT PLAN ADMINISTRATORS, INC. Service code 10 · EIN 88-0277518	Accounting	$69,123
ANDCO CONSULTING8 years Service code 17 · EIN 59-3676225	Pension Consulting	$50,000
NEYHART, ANDERSON, FLYNN & GROSBOLL9+ years Service code 29 · EIN 94-2576729	Legal	$38,783
BERRY & CO., CPA'S LTD1 year Filed as: BERRY & CO, CPA'S LTD Service code 10 · EIN 88-0400174	Accounting	$34,000
AMALGAMATED BANK2 years Service code 19 · EIN 13-4920330	Securities Custodian	$7,875

Plan features & details

Pension benefit codes2A2F2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

$315K

$155 / participant

Trustee / custodial$10K3.1%
Investment mgmt$50K15.9%
Legal$39K12.3%
Other trustee fees$8K2.6%
Contract admin$69K21.9%
Other / not subdivided$139K44.3%

% of EOY assets

0.275%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERRY & CO., CPA'S LTD
Auditor EIN: 880400174
Audit fees: $34,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,723

$112,686-51.4%

$170,043-67.8%

$80,157-31.7%

Participation rate

100.0%

87.4%+12.6pp

87.0%+13.0pp

72.9%+27.1pp

Annual return

15.87%

67.04%-51.2pp

53.40%-37.5pp

40.39%-24.5pp

Employer contribution / active EE

$5,421

$4,481+21.0%

$6,790-20.2%

$2,977+82.1%

Participant deferral / active EE

$7,876-100.0%

$10,410-100.0%

$5,015-100.0%

Admin fee / account holder

$150

$99+51.7%

$12,824-98.8%

$145+3.7%

Provider

Service type

Compensation

BENEFIT PLAN ADMINISTRATORS1 year

Filed as: BENEFIT PLAN ADMINISTRATORS, INC.

Service code 10 · EIN 88-0277518

Accounting

$69,123

ANDCO CONSULTING8 years

Service code 17 · EIN 59-3676225

Pension Consulting

$50,000

NEYHART, ANDERSON, FLYNN & GROSBOLL9+ years

Service code 29 · EIN 94-2576729

Legal

$38,783

BERRY & CO., CPA'S LTD1 year

Filed as: BERRY & CO, CPA'S LTD

Service code 10 · EIN 88-0400174

Accounting

$34,000

AMALGAMATED BANK2 years

Service code 19 · EIN 13-4920330

Securities Custodian

$7,875

ELECTRICAL WORKERS DEFINED CONTRIBUTION PLAN FOR N. NV.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELECTRICAL WORKERS DEFINED CONTRIBUTION PLAN FOR N. NV.

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