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IBEW LOCAL 405 DEFERRED SAVINGS PLAN 401k Plan overview

Plan NameIBEW LOCAL 405 DEFERRED SAVINGS PLAN
Plan identification number 001

IBEW LOCAL 405 DEFERRED SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN has sponsored the creation of one or more 401k plans.

Company Name:BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN
Employer identification number (EIN):421131225
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01WILLIAM HANES RAY BROWN2015-07-30

Plan Statistics for IBEW LOCAL 405 DEFERRED SAVINGS PLAN

401k plan membership statisitcs for IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Measure Date Value
2014: IBEW LOCAL 405 DEFERRED SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011,032
Total number of active participants reported on line 7a of the Form 55002014-01-01941
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0197
Total of all active and inactive participants2014-01-011,039
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-011,041
Number of participants with account balances2014-01-01851
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
Number of employers contributing to the scheme2014-01-0140

Financial Data on IBEW LOCAL 405 DEFERRED SAVINGS PLAN

Measure Date Value
2014 : IBEW LOCAL 405 DEFERRED SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$126,084
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$15,746
Total income from all sources (including contributions)2014-12-31$15,970,893
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$6,188,198
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$5,978,069
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$7,075,723
Value of total assets at end of year2014-12-31$125,828,903
Value of total assets at beginning of year2014-12-31$115,935,870
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$210,129
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,914,103
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,914,103
Administrative expenses professional fees incurred2014-12-31$58,905
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$779,101
Participant contributions at end of year2014-12-31$54,719
Participant contributions at beginning of year2014-12-31$46,165
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$12,095
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$673,343
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$3,956
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$120,115
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$11
Administrative expenses (other) incurred2014-12-31$23,324
Liabilities. Value of operating payables at end of year2014-12-31$5,969
Liabilities. Value of operating payables at beginning of year2014-12-31$15,746
Total non interest bearing cash at end of year2014-12-31$309,626
Total non interest bearing cash at beginning of year2014-12-31$856,456
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$9,782,695
Value of net assets at end of year (total assets less liabilities)2014-12-31$125,702,819
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$115,920,124
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$63,069
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$98,641,975
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$90,477,190
Value of interest in common/collective trusts at end of year2014-12-31$25,575,589
Value of interest in common/collective trusts at beginning of year2014-12-31$24,153,307
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$5,716,452
Net investment gain or loss from common/collective trusts2014-12-31$1,264,604
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$6,284,527
Employer contributions (assets) at end of year2014-12-31$573,651
Employer contributions (assets) at beginning of year2014-12-31$398,796
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$5,978,069
Contract administrator fees2014-12-31$64,831
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2014-12-31410746749

Form 5500 Responses for IBEW LOCAL 405 DEFERRED SAVINGS PLAN

2014: IBEW LOCAL 405 DEFERRED SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entityMulti-employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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