Retirement plan

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

Name: BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW - RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST (2018) Form 5500
Creator: BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST, BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEW

BOARD OF TRUSTEES, RETIREMENT PLAN OF THE IBEWEIN 91-6243526Plan #001PY 2018

1322 N. POST - SPOKANE, WA 992012520509-534-0600

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$140.6M

-6.5% from 2017

Total participants

2,345

+5.1% from 2017

Average account balance

$59,950

-11.0% from 2017

Annual return

-5.57%

-21.01 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$253.88M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

2,582

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 6 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$166,032
REHN & ASSOCIATES3 years Service code 13 · EIN 91-1008626	Contract Administrator	$137,547
LINDQUIST LLP4+ years Service code 10 · EIN 52-2385296	Accounting	$67,249
TURNER, STOEVE & GAGLIARDI, P.S.4+ years Filed as: TURNER, STOEVE & GAGLIARDI, PS Service code 29 · EIN 91-1282506	Legal	$62,632
VERUS2 years Filed as: VERUS ADVISORY INC. Service code 17 · EIN 91-1320111	Pension Consulting	$54,166
RAEL & LETSON2 years Service code 16 · EIN 94-1701048	Consulting	$21,903

Plan features & details

Pension benefit codes2G2J2S

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$571K

$250 / participant

Investment mgmt$214K37.4%
Contract admin$135K23.6%
Other / not subdivided$222K39.0%

% of EOY assets

0.406%

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: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,950

$60,396-0.7%

$83,850-28.5%

$75,289-20.4%

Participation rate

100.0%

80.7%+19.3pp

76.1%+23.9pp

72.4%+27.6pp

Annual return

-5.57%

3.84%-9.4pp

850.92%-856.5pp

-0.04%-5.5pp

Employer contribution / active EE

$1,300

$3,343-61.1%

$3,631-64.2%

$2,405-46.0%

Participant deferral / active EE

$645

$2,922-77.9%

$4,082-84.2%

$3,739-82.8%

Admin fee / account holder

$243

$141+72.4%

$5,478-95.6%

$102+138.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$166,032

REHN & ASSOCIATES3 years

Service code 13 · EIN 91-1008626

Contract Administrator

$137,547

LINDQUIST LLP4+ years

Service code 10 · EIN 52-2385296

Accounting

$67,249

TURNER, STOEVE & GAGLIARDI, P.S.4+ years

Filed as: TURNER, STOEVE & GAGLIARDI, PS

Service code 29 · EIN 91-1282506

Legal

$62,632

VERUS2 years

Filed as: VERUS ADVISORY INC.

Service code 17 · EIN 91-1320111

Pension Consulting

$54,166

RAEL & LETSON2 years

Service code 16 · EIN 94-1701048

Consulting

$21,903

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN OF THE IBEW LOCAL 76 RETIREMENT TRUST

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