Dakotas Areawide IBEW-NECA Savings and Retirement Plan

Form 5500 Data

Dakotas Areawide IBEW-NECA Savings and Retirement Plan

69

Overview

Plan Rating

BrightScope Rating
69
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (68)
Highest in Peer Group (88)

Plan Description

Dakotas Areawide IBEW/NECA Savings and Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 15% of plans for Company Generosity, Participation Rate, and Total Plan Cost. Dakotas Areawide IBEW/NECA Savings and Retirement Plan currently has over 3,300 active participants and over $296.7M in plan assets.

Did you know?

For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (69) and the top rated plan (88) could equate to:
11
Additional years of work
57,433
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 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2901 First Avenue North
  • Location
    Fargo , ND
  • 58102-3001
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Randy Stainbrook
  • Sponsor
    Edward Christian
  • Net Plan Assets
    $297,000,000
  • Total Participants
    3,400
  • Avg Account Balance
    $88,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

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

Investment Menu Stats

# of Investment Options

21

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 51%
10%
Vanguard Institutional Index 9%
5%
IBEW-NECA Stable Value Fund 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
Lincoln Financial
Recordkeeper
Wells Fargo
Administration
Noridian Mutual Insurance Company
Legal Counsel
Anderson, Helgen, Davis & Nissen, LLC
Auditor
Legacy Professionals, LLP