Retirement plan

I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B

Name: I.B.E.W. BOARD OF TRUSTEES FOR LOCAL NO 357 PENSION TRUST - I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B (2022) Form 5500
Creator: I.B.E.W. BOARD OF TRUSTEES FOR LOCAL NO 357 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B, I.B.E.W. BOARD OF TRUSTEES FOR LOCAL NO 357 PENSION TRUST

I.B.E.W. BOARD OF TRUSTEES FOR LOCAL NO 357 PENSION TRUSTEIN 88-6023284Plan #002PY 2022

8311 W SUNSET RD STE 250 - LAS VEGAS, NV 891132209702-415-2188

Other plans on this EIN

1 filing

#001Retirement-$470.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$401.3M

-6.2% from 2016

Total participants

6,618

+125.6% from 2016

Average account balance

$60,642

-5.6% from 2016

Annual return

-16.33%

-6.04 pp from 2016

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

Participant deferral / active EE

median $3,148

Employer contribution / active EE

$6,709

median $2,659

Participation rate

100.0%

median 94.1%

Avg account balance

$60,642

median $57,757

Admin fee / account holder

$59

median $136

Annual return

-16.33%

median -14.46%

Overall peer rank

61of 100

61st percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$544.77M

Average account balance

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

$75K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

7,275

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Contributions (total)

Employer and participant dollars contributed each year

$30.68M

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.27%

Admin fee / account holder

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

$58

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
BENESYS, INC.4 years Filed as: BENESYS, INC Service code 10 · EIN 38-2383171	Accounting	$132,299
BROWNSTEIN HYATT FARBER SCHRECK LLP6 years Service code 29 · EIN 26-1367865	Legal	$75,382
BERRY & CO., CPA'S LTD5 years Service code 10 · EIN 88-0400174	Accounting	$53,547
BMO HARRIS BANK NA8+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$28,617
MILLIMAN, INC.4 years Filed as: MILLIMAN, INC Service code 16 · EIN 91-0675641	Consulting	$14,448
JOHN HANCOCK LIFE INSURANCE COMPANY8+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$12,652
NEPC, LLC3 years Service code 17 · EIN 26-1429809	Pension Consulting	$8,100

Plan features & details

Pension benefit codes2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$389K

$94 / participant

Investment mgmt$37K9.4%
Contract admin$132K34.0%
Other / not subdivided$220K56.6%

% of EOY assets

0.097%

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: BERRY & CO, CPA'S LTD
Auditor EIN: 880400174
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,642

$76,774-21.0%

$112,270-46.0%

$77,906-22.2%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-16.33%

-10.25%-6.1pp

27.49%-43.8pp

12.16%-28.5pp

Employer contribution / active EE

$6,709

$3,977+68.7%

$3,635+84.6%

$2,846+135.7%

Participant deferral / active EE

$3,778-100.0%

$4,729-100.0%

$4,805-100.0%

Admin fee / account holder

$59

$239-75.4%

$6,411-99.1%

$133-55.6%

Provider

Service type

Compensation

BENESYS, INC.4 years

Filed as: BENESYS, INC

Service code 10 · EIN 38-2383171

Accounting

$132,299

BROWNSTEIN HYATT FARBER SCHRECK LLP6 years

Service code 29 · EIN 26-1367865

Legal

$75,382

BERRY & CO., CPA'S LTD5 years

Service code 10 · EIN 88-0400174

Accounting

$53,547

BMO HARRIS BANK NA8+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

$28,617

MILLIMAN, INC.4 years

Filed as: MILLIMAN, INC

Service code 16 · EIN 91-0675641

Consulting

$14,448

JOHN HANCOCK LIFE INSURANCE COMPANY8+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$12,652

NEPC, LLC3 years

Service code 17 · EIN 26-1429809

Pension Consulting

$8,100

I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.B.E.W. LOCAL UNION NO 357 PENSION TRUST FUND, PLAN B

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