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    National Electrical Benefit Fund

    National Electrical Benefit Fund (NEBF) manages pension benefits for more than 450,000 current or former union electrical workers and has more than $10 billion under management. Members represent more than 750 different different sponsoring organizations, including unions and trust funds. About 45% of its participants are active workers, with retirees making some 20%. NEBF, which was established in 1946, is affiliated with the National Electrical Annuity Plan, or NEAP.

    Determining the Health of Your Pension

    For the National Electrical Benefit Fund, we included the following factors:

    A
    		 % Change - Is your plan growing or shrinking?
    B
    		 % Active - How many members in your pension plan are active contributors?
    C
    		 Assets divided by Liability - Perhaps the single best indicator of your plan's health.
    D
    		 Has your plan been given a funding waiver?  Could be a Warning Sign.
    E
    		 How much of the value of your plan is coming in via contributions?
    F
    		 Expenses to Income ratio helps show how efficiently your plan is being managed.
    G
    		 The presence of related party transactions has been a warning sign in the past.
    H
    		 Potential red flag - minimum funding waiver used in the past
    I
    		 Potential red flag - Was the minimum fund contribution made?
    J
    		 Potential red flag - Has there been a change in the actuarial cost method?

    Pension Form 5500

    Data comes from the most recent National Electrical Benefit Fund Form 5500 (Year: 2005) found at www.freeERISA.com. If you have questions or concerns, the best person to ask is your Plan Administrator or your financial advisor.

     # of Participants 
    A
    B
    Beg.of Yr.
    End of Yr.
    % Change
    % Actives
    455,431
    471,193
    3.5%
    57.2

    Actuarial Value of Assets
    Current Liability
    C
      D
    Assets/ Liability
    		 Funding Waiver?
    Yes
    No
    $ 10 B
    13.9 B
    72%
    		  
    X

     Total Contribution
    E
     Total Income 
    Total Expenses
    F
    Contribution to Value %
    Expense to Income Ratio
    $373 M
    3.7%
     $  1 B
      $ 701 M 
    65.1%

    G
    H
    Related Party Trx?
    Min. Funding Waiver?
    Yes
    No
    Yes
    No
     
    X
    		  
    X

    I
    J
    > Min.Contribution?
    Change in Cost Method?
    Yes
    No
    Yes
    No
    X
    		    
    X

    Note: $16.5M of loans/leases were in default or considered uncollectible at year end. Only a $5M fidelity bond is in place.

    Please let us know if you have any questions, if you find this guide useful, or if you have any suggestions to help improve it.

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