Retirement plan

IBEW LOCAL 1245 MONEY PURCHASE PENSION PLAN

Name: BOARD OF TRUSTEES OF IBEW 1245 MONEY PURCHASE PLAN - IBEW LOCAL 1245 MONEY PURCHASE PENSION PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES OF IBEW 1245 MONEY PURCHASE PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LOCAL 1245 MONEY PURCHASE PENSION PLAN, BOARD OF TRUSTEES OF IBEW 1245 MONEY PURCHASE PLAN

BOARD OF TRUSTEES OF IBEW 1245 MONEY PURCHASE PLANEIN 94-6583240Plan #001PY 2020

P.O. BOX 154 - SAN RAMON, CA 945830154925-208-9999

Prospect flagsLow returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$44.9M

+10.3% from 2019

Total participants

4,900

-2.3% from 2019

Average account balance

$9,158

+12.9% from 2019

Annual return

11.29%

-6.46 pp from 2019

Benchmarks

See 66 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort66 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.84M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

3,852

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

$109K

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 8 by compensation

Provider	Service type	Compensation
BENESYS, INC.6+ years Filed as: BENESYS ADMINISTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$163,440
LINDQUIST LLP5 years Service code 10 · EIN 52-2385296	Accounting	$71,591
ALAN BILLER & ASSOCIATES6+ years Filed as: ALAN BILLER & ASSOCIATES, INC. Service code 27 · EIN 94-2854953	Advisory (Plan)	$58,641
EVART, YOUNG & HOBBS INV. MGMT6+ years Service code 28 · EIN 94-2683346	Investment Management	$57,305
ASB CAPITAL MANAGEMENT3 years Filed as: ASB ALLEGIANCE REAL ESTATE FUND Service code 28 · EIN 52-6257033	Investment Management	$24,046
NEYHART, ANDERSON, FLYNN & GROSBOLL6+ years Service code 29 · EIN 94-2576729	Legal	$16,740
ULLICO3 years Filed as: UNION BANK Service code 18 · EIN 94-0304288	Direct payment from the plan; Custodi...	$7,205
GRANDFLOW1 year Filed as: GRANDFLOW, INC Service code 36 · EIN 94-3211239	Copying and duplicating; Direct payme...	$6,060

Plan features & details

Pension benefit codes2C

Plan features

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

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$438K

$89 / participant

Investment mgmt$143K32.6%
Contract admin$158K36.1%
Other / not subdivided$137K31.3%

% of EOY assets

0.976%

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

$9,158

$187,277-95.1%

$112,977-91.9%

$90,274-89.9%

Participation rate

100.0%

91.6%+8.4pp

82.6%+17.4pp

73.4%+26.6pp

Annual return

11.29%

26.33%-15.0pp

24.24%-12.9pp

53.97%-42.7pp

Employer contribution / active EE

$130

$5,263-97.5%

$4,255-97.0%

$2,523-94.9%

Participant deferral / active EE

$8,833-100.0%

$5,836-100.0%

$4,231-100.0%

Admin fee / account holder

$89

$102-11.9%

$6,294-98.6%

$114-21.6%

Provider

Service type

Compensation

BENESYS, INC.6+ years

Filed as: BENESYS ADMINISTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$163,440

LINDQUIST LLP5 years

Service code 10 · EIN 52-2385296

Accounting

$71,591

ALAN BILLER & ASSOCIATES6+ years

Filed as: ALAN BILLER & ASSOCIATES, INC.

Service code 27 · EIN 94-2854953

Advisory (Plan)

$58,641

EVART, YOUNG & HOBBS INV. MGMT6+ years

Service code 28 · EIN 94-2683346

Investment Management

$57,305

ASB CAPITAL MANAGEMENT3 years

Filed as: ASB ALLEGIANCE REAL ESTATE FUND

Service code 28 · EIN 52-6257033

Investment Management

$24,046

NEYHART, ANDERSON, FLYNN & GROSBOLL6+ years

Service code 29 · EIN 94-2576729

Legal

$16,740

ULLICO3 years

Filed as: UNION BANK

Service code 18 · EIN 94-0304288

Direct payment from the plan; Custodi...

$7,205

GRANDFLOW1 year

Filed as: GRANDFLOW, INC

Service code 36 · EIN 94-3211239

Copying and duplicating; Direct payme...

$6,060

IBEW LOCAL 1245 MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LOCAL 1245 MONEY PURCHASE 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