IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees

Form 5500 Data

IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees

74
Form 5500 Data

Overview

Plan Rating

BrightScope Rating
74
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (37)
Average in Peer Group (70)
Highest in Peer Group (88)

Plan Description

IBEW Local 347 Retirement and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 74. This plan is in the top 15% of plans for Account Balances and Company Generosity. IBEW Local 347 Retirement and 401k Plan currently has over 1,800 active participants and over $199.6M in plan assets.

Did you know?

For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (74) and the top rated plan (88) could equate to:
8
Additional years of work
92,335
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 5/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2156 West 2200 South
  • Location
    Salt Lake City , UT
  • 84119
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Patrick Wells
  • Sponsor
    Angela Bowersox
  • Net Plan Assets
    $200,000,000
  • Total Participants
    1,900
  • Avg Account Balance
    $120,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Great

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Above Average
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

22

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Principal Financial Group LifeTime 32%
N/A
Principal Large Cap S&P 500 Index 13%
N/A
Principal MidCap S&P 400 Index 9%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Principal Financial Group
Administration
Compusys, Inc.
Legal Counsel
Blake & Uhlig
Investment Adviser
DiMeo Schneider & Associates, LLC
Administration
Principal Financial Group
Recordkeeper
Principal Financial Group
Auditor
Deboer & Associates

Articles and Questions

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