Retirement plan

SHEET METAL WORKERS LOCAL NO. 2 401(K) PLAN

Name: BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL 2 - SHEET METAL WORKERS LOCAL NO. 2 401(K) PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL 2
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL NO. 2 401(K) PLAN, BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL 2

BOARD OF TRUSTEES SHEET METAL WORKERS LOCAL 2EIN 31-1648261Plan #001PY 2017

P.O. BOX 300378 - KANSAS CITY, MO 64130816-254-8021

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$80.5M

+16.4% from 2016

Total participants

1,999

+2.6% from 2016

Average account balance

$42,274

+13.5% from 2016

Annual return

16.47%

+10.33 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$108.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$48K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,253

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$133

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC3+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$83,933
NOVAK BIRKS, P.C.3+ years Service code 10 · EIN 43-1122456	Accounting	$66,847
TIC INTERNATIONAL CORPORATION3+ years Service code 14 · EIN 13-2600875	Plan Administrator	$27,402
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,715
DOUTHIT FRETS ROUSE GENTILE RHODES2 years Filed as: DOUTHIT FRETS ROUSE GENTILE & RHODE Service code 29 · EIN 43-1706479	Legal	$13,569
BEACON PRESS1 year Service code 49 · EIN 43-1643501	Other Services	$6,975
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Filed as: COLUMBIA SMALL CAP VALUE FUND II Service code 52 · EIN 01-0656226	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
LEGG MASON1 year Service code 52 · EIN 52-1200960	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$8 / participant

Contract admin$15K100.0%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

1 / 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: NOVAK BIRKS, P.C.
Auditor EIN: 431122456
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,274

$221,442-80.9%

$92,240-54.2%

$77,958-45.8%

Participation rate

94.8%

79.6%+15.2pp

76.5%+18.3pp

71.6%+23.1pp

Annual return

16.47%

15.65%+0.8pp

176.29%-159.8pp

20.87%-4.4pp

Employer contribution / active EE

$3,226-100.0%

$3,680-100.0%

$2,310-100.0%

Participant deferral / active EE

$2,321

$2,779-16.5%

$3,897-40.4%

$3,537-34.4%

Admin fee / account holder

$210-96.3%

$5,194-99.9%

$97-92.1%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC3+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$83,933

NOVAK BIRKS, P.C.3+ years

Service code 10 · EIN 43-1122456

Accounting

$66,847

TIC INTERNATIONAL CORPORATION3+ years

Service code 14 · EIN 13-2600875

Plan Administrator

$27,402

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,715

DOUTHIT FRETS ROUSE GENTILE RHODES2 years

Filed as: DOUTHIT FRETS ROUSE GENTILE & RHODE

Service code 29 · EIN 43-1706479

Legal

$13,569

BEACON PRESS1 year

Service code 49 · EIN 43-1643501

Other Services

$6,975

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Filed as: COLUMBIA SMALL CAP VALUE FUND II

Service code 52 · EIN 01-0656226

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

LEGG MASON1 year

Service code 52 · EIN 52-1200960

Indirect Investment Fees

SHEET METAL WORKERS LOCAL NO. 2 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL NO. 2 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion