PlanOptica
Retirement plan

SOUND RETIREMENT TRUST

BOARD OF TRUSTEES, SOUND RETIREMENT TRUSTEIN 91-6069306Plan #001PY 2018
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11724 NE 195TH STREET, SUITE 300 - BOTHELL, WA 980113145206-282-4100
Prospect flagsLow employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
FAYE GUENTHER
Signed 07/12/2019
(206) 282-4100
Plan administrator signer
SCOTT KLITZKE POWERS
Signed 07/12/2019
How to read this page

Summary metrics

Total assets (EOY)
$2839.6M
-3.9% from 2017
Total participants
165,733
-4.9% from 2017
Average account balance
$0
No prior year
Annual return
14.59%
-11.79 pp from 2017

Benchmarks

See 223 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
Participant deferral / active EE
$0
median $34
Employer contribution / active EE
$791
median $5,100
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
14.59%
median -3.72%
Overall peer rank
53rd percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$2.60B
Average account balance
Total assets / participants with a balance (line 6g)
$22K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
41,113
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
$78.99M
Contributions per participant
Average employer and participant contribution per enrolled participant
$1K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.41%
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 50 by compensation
ProviderService typeCompensation
ZENITH AMERICAN SOLUTIONS, INC1 year
Service code 10 · EIN 52-1590516
Accounting
$2,024,611
HAMILTON LANE ADVISORS, LLC3+ years
Service code 28 · EIN 23-2962336
Investment Management
$1,694,589
LOOMIS SAYLES & COMPANY, LP3+ years
Service code 28 · EIN 04-3200030
Investment Management
$1,182,900
J.P. MORGAN INVESTMENT MGMT. INC.3+ years
Service code 27 · EIN 13-3200244
Advisory (Plan)
$649,766
PANAGORA ASSET MANAGEMENT3+ years
Service code 28 · EIN 04-3063840
Investment Management
$606,930
VERUS ADVISORY, INC.3+ years
Service code 17 · EIN 91-1320111
Pension Consulting
$558,000
PACIFIC INVESTMENT MANAGEMENT CO.3+ years
Service code 28 · EIN 33-0629048
Investment Management
$517,886
GOLDMAN SACHS ASSET MANAGEMENT, LP1 year
Service code 28 · EIN 13-3575636
Investment Management
$416,187
INDUSTRY FUNDS MANAGEMENT PTY LTD3+ years
Service code 52 · EIN 98-0569684
Indirect Investment Fees
$398,145
CHEIRON, INC.3+ years
Service code 11 · EIN 13-4215617
Actuarial
$362,102

Enrolled actuary

1 attachment
MB

PAUL L. GRAF, FIONA E. LISTON

RAEL & LETSON / CHEIRON, INC.
Enrollment #1705627
999 THIRD AVENUE, SUITE 1530
SEATTLE, WA 98104
(206) 445-1852
Signed 2019-07-12

Reportable transactions (Schedule G)

3 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
ICG FDG LLC—
161 INVERNESS DRIVE WEST
ENGLEWOOD, CO 80112
—
Part 1
Loan in default
LEHMAN BROTHERS HOLDINGS—
745 7TH AVENUE
NEW YORK, NY 10019
—
Part 1
Loan in default
LEHMAN BROTHERS HOLDINGS—
745 7TH AVENUE
NEW YORK, NY 10019
—

Plan features & details

Pension benefit codes1A
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).

Opportunity flags

1 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$22.5M
$217 / participant
  • Investment mgmt$15M68.1%
  • Contract admin$2M8.5%
  • Other / not subdivided$5M23.4%
% of EOY assets
0.794%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
LINDQUIST LLP
Auditor EIN
522385296
Audit fees
(not subdivided)
Opinion code
Unqualified