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FORM 5500 DATA

International Brotherhood of Electrical Workers Local Union #915 Pension Fund

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan06/18/1973
  • Net Assets as of 12/31/2017 $69,028,975
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants1,664
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal1,664
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,664
  • Total number of participants as of 01/01/20171,652
  • Number of participants with account balances0
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressP.O. Box 1449
  • CityGoodlettsville
  • StateTN
  • Zip37070-3589
  • Telephone(615) 859-0131
  • EIN59-6518568
  • Industry Code525100

Audit Information

  • Audit StatusAudited
  • AuditorSteven D Eisenberg CPA, P.A.
  • Auditor EIN65-0140643
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $5,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $12,606,940
Contributions $3,693,431
Cash Contributions $3,693,431
Cash from Employers $3,693,431
Cash from Participants $0
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $8,913,509
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $2,158,050
Preferred Stock $0
Common Stock $356,467
Rents $0
Net gain (loss) on sale of assets $1,048,195
Aggregate Proceeds $9,630,952
Aggregate Carrying Amount $8,582,757
Total Unrealized Appreciation (depreciation) of assets $1,458,885
Real Estate $0
Other $1,458,885
Net investment gain (loss) from common/collective trusts $1,325,974
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $2,922,405
Other Income $0
Expenses $2,696,991
Total Benefit Payments $2,486,576
Directly to participants or beneficiaries, including direct rollovers $2,486,576
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $210,415
Professional Fees $30,912
Contract Administrator Fees $21,192
Investment Advisory and management fees $114,278
Other Administrative Fees $44,033
Net Income $9,909,949
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $69,062,572 $59,151,726 16.75%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $571,589 $589,318 -3.01%
Employer Contributions $532,279 $549,792 -3.19%
Participant Contributions $0 $0 0.0%
Other Contributions $39,310 $39,526 -0.55%
General Investments $613,622 $339,792 80.59%
Interest-bearing cash $613,622 $339,792 80.59%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $15,269,290 $14,583,585 4.70%
Preferred $0 $0 0.0%
Common $15,269,290 $14,583,585 4.70%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $11,219,726 $10,511,941 6.73%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $41,129,908 $32,920,740 24.94%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $258,437 $206,350 25.24%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $33,597 $32,700 2.74%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $33,597 $32,700 2.74%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $69,028,975 $59,119,026 16.76%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Pimco
  • Vanguard Group, Inc.
  • Dodge & Cox Funds
  • Afl-Cio Building Investment
  • Lsv Value Equity Fund
  • Ameriserve Trust Company
  • New Tower Trust Company

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Oakbrook Investments Investment management, Investment management fees paid directly by plan, Securities brokerage commissions and fees Investment Manager $41,461 $0 $41,461
Sawgrass Asset Management Investment management, Insurance brokerage commissions and fees, Investment management fees paid directly by plan Investment Manager $34,775 $0 $34,775
Ziegler Capital Management Investment management, Investment management fees paid directly by plan, Securities brokerage commissions and fees Investment Manager $30,163 $0 $30,163
Standard Valuations Investment advisory (plan), Direct payment from the plan Investment Advisory $24,000 $0 $24,000
Southern Benefit Administrators Inc Contract Administrator, Direct payment from the plan Third Party Administrator $23,592 $0 $23,592
Venable Law Firm Legal, Direct payment from the plan Attorney $18,216 $0 $18,216
Steven D Eisenberg Cpa,Pa Accounting (including auditing), Direct payment from the plan Auditor $12,696 $0 $12,696
Union Bank & Trust Custodial (securities) Custodial $7,879 $0 $7,879
Total $192,782 $0 $192,782

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Ibew-Neca Equity Index Fund Chevy Chase Trust Company DFE: Common/Collective Trust $5,216,922
Multi Employer Property Trust New Tower Trust Company DFE: Common/Collective Trust $3,004,342
Afl-Cio Building Investment Trust Afl-Cio DFE: Common/Collective Trust $2,986,105
Build Fund of America Ameriserve DFE: Common/Collective Trust $12,357
Total $11,219,726

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.