Retirement plan

SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN

Name: BD TTEES SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN - SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN (2024) Form 5500
Creator: BD TTEES SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN, BD TTEES SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN

BD TTEES SMART NATIONAL SUPPLEMENTAL SAVINGS PLANEIN 31-1674110Plan #007PY 2024

3180 FAIRVIEW PARK DRIVE, SUITE 400 - FALLS CHURCH, VA 220424583703-739-7000

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$162.2M

+16.1% from 2023

Total participants

13,624

+11.8% from 2023

Average account balance

$11,904

+2.6% from 2023

Annual return

10.10%

-2.45 pp from 2023

Benchmarks

See 57 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort57 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$162.18M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

13,624

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK RETIREMENT Service code 28 690 CANTON STREET · WESTWOOD, MA 02090	Investment Management	$437,989
SHEET METAL CONTROL BOARD10+ years Filed as: SHEET METAL WORKERS NATIONAL PENSIO Service code 10 · EIN 52-6112463 3180 FAIRVIEW PARK DRIVE, SUITE 400 · FALLS CHURCH, VA 22042	Accounting	$333,955
MOONEY, GREEN, SAINDON, MURPHY & WE3 years Filed as: MOONEY, GREEN, SAINDON, MURPHY Service code 29 1920 L ST NW SUITE 400 · WASHINGTON, DC 20002	Legal	$64,085
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632 1585 BROADWAY · NEW YORK, NY 10019	Advisory (Plan)	$50,000
CALIBRE CPA GROUP PLLC10+ years Service code 10 · EIN 47-0900880 7501 WISCONSIN AVE, SUITE 1200 WEST · BETHESDA, MD 20814	Accounting	$34,300

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$951K

$71 / participant

Recordkeeping$438K46.1%
Investment mgmt$43K4.6%
Legal$64K6.7%
Salaries / allowances$334K35.1%
Other / not subdivided$72K7.5%

% of EOY assets

0.586%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $34,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,904

$63,356-81.2%

$102,437-88.4%

$106,553-88.8%

Participation rate

100.0%

84.3%+15.7pp

74.5%+25.5pp

69.8%+30.2pp

Annual return

10.10%

14.77%-4.7pp

24.95%-14.9pp

17.37%-7.3pp

Employer contribution / active EE

$796

$4,310-81.5%

$3,871-79.4%

$3,359-76.3%

Participant deferral / active EE

$536

$3,479-84.6%

$5,060-89.4%

$5,562-90.4%

Admin fee / account holder

$70

$110-36.6%

$8,388-99.2%

$80-12.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Filed as: JOHN HANCOCK RETIREMENT

Service code 28

690 CANTON STREET · WESTWOOD, MA 02090

Investment Management

$437,989

SHEET METAL CONTROL BOARD10+ years

Filed as: SHEET METAL WORKERS NATIONAL PENSIO

Service code 10 · EIN 52-6112463

3180 FAIRVIEW PARK DRIVE, SUITE 400 · FALLS CHURCH, VA 22042

Accounting

$333,955

MOONEY, GREEN, SAINDON, MURPHY & WE3 years

Filed as: MOONEY, GREEN, SAINDON, MURPHY

Service code 29

1920 L ST NW SUITE 400 · WASHINGTON, DC 20002

Legal

$64,085

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

1585 BROADWAY · NEW YORK, NY 10019

Advisory (Plan)

$50,000

CALIBRE CPA GROUP PLLC10+ years

Service code 10 · EIN 47-0900880

7501 WISCONSIN AVE, SUITE 1200 WEST · BETHESDA, MD 20814

Accounting

$34,300

SMART NATIONAL SUPPLEMENTAL SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMART NATIONAL SUPPLEMENTAL SAVINGS 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