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Retirement plan

SANDIA CORPORATION RETIREMENT INCOME PLAN

SANDIA CORPORATIONEIN 85-0097942Plan #006PY 2015
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P.O. BOX 5800, MAIL STOP 1382 - ALBUQUERQUE, NM 871851382505-845-8350LinkedIn10001+ employeesveterinary
Other plans on this EIN
1 filing
#008Retirement-$3.09B assets
Prospect flagsHigh retiree %Low returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
TIMOTHY C. KNEWITZ
Signed 10/12/2016
(505) 845-8350
Plan administrator signer
LEAH MITCHELL
Signed 10/12/2016
Plan administrator entity
EMPLOYEE BENEFITS COMMITTEE OF SANDIA CORPORATION
EIN 850097942
PO BOX 5800, MS 1382 · ALBUQUERQUE, NM 871851382
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Summary metrics

Total assets (EOY)
$5484.8M
-4.9% from 2016
Total participants
15,739
+7.0% from 2016
Average account balance
$0
No prior year
Annual return
-8.05%
-17.16 pp from 2016

Benchmarks

See 181 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort181 peers
Snapshot2015
Participant deferral / active EE
$0
median $77
Employer contribution / active EE
$25,441
median $7,040
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-8.05%
median -1.02%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.20B
Average account balance
Total assets / participants with a balance (line 6g)
$478K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,861
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$106.37M
Contributions per participant
Average employer and participant contribution per enrolled participant
$34K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+6.11%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 13 by compensation
ProviderService typeCompensation
NUMERIC INVESTORS LLC1+ years
Service code 28 · EIN 04-3068821
Investment Management
$1,954,465
SILCHESTER INTERNATIONAL INVESTORS1+ years
Service code 28 · EIN 45-3056700
Investment Management
$1,634,309
PACIFIC INVESTMENT MGMT COMPANY1+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,597,778
NISA INVESTMENT ADVISORS LLC1+ years
Service code 28 · EIN 48-1140940
Investment Management
$1,317,800
BLACKROCK1+ years
Service code 28 · EIN 94-3112180
Investment Management
$1,099,109
PYRAMIS GLOBAL ADVISORS TRUST CO1+ years
Service code 28 · EIN 20-2159373
Investment Management
$953,441
SANDIA CORPORATION1+ years
Service code 35 · EIN 85-0097942
Direct payment from the plan; Employe...
$721,107
NORTHERN TRUST COMPANY1+ years
Service code 19 · EIN 36-1561860
Securities Custodian
$721,012
ARONSON & JOHNSON & ORTIZ, LP1+ years
Service code 28 · EIN 23-2312104
Investment Management
$581,552
PRUDENTIAL INSURANCE COMPANY1+ years
Service code 13 · EIN 22-1211670
Contract Administrator
$403,250

Enrolled actuary

1 attachment
SB

BRIAN P. LEVINE

HEWITT ASSOCIATES LLC
Enrollment #1406424
2711 NORTH HASKELL AVENUE
SUITE 800
DALLAS, TX 75204
(214) 989-2661
Signed 2016-09-22

Top hat statement on fileNQDC

Filed April 27, 1

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$13.0M
$2212 / participant
  • Investment mgmt$10M77.9%
  • Contract admin$540K4.1%
  • Other / not subdivided$2M18.0%
% of EOY assets
0.238%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
MITCHELL & TITUS, LLP
Auditor EIN
132781641
Audit fees
(not subdivided)
Opinion code
Disclaimer