Retirement plan

SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY PLAN

Name: BOARD OF TRUSTEES SHEET METAL, AIR YOUNGSTOWN DISTRICT - SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES SHEET METAL, AIR YOUNGSTOWN DISTRICT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY PLAN, BOARD OF TRUSTEES SHEET METAL, AIR YOUNGSTOWN DISTRICT

BOARD OF TRUSTEES SHEET METAL, AIR YOUNGSTOWN DISTRICTEIN 34-6596079Plan #111PY 2016

33 FITCH BLVD - YOUNGSTOWN, OH 44515330-270-0453

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$25.8M

+4.1% from 2015

Total participants

-84.0% from 2015

Average account balance

$48,640

+4.5% from 2015

Annual return

8.57%

+11.63 pp from 2015

Benchmarks

See 170 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort170 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.46M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

451

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.

83.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$297

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 8 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.1 year Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 15 · EIN 22-1146430 1900 E 9TH STREET · CLEVELAND, OH 44114	Recordkeeping	$22,550
THE BOGDAHN GROUP2+ years Service code 16 4901 VINELAND RD ST 600 · ORLANDO, FL 32811	Consulting	$18,500
GREEN HAINES SGAMBATI CO, LPA1 year Filed as: GREEN HAINES SGAMBATI CO LPA Service code 29 P.O. BOX 849 · YOUNGSTOWN, OH 44501	Legal	$10,877
AMERICAN REALTY ADVISORS2+ years Service code 19 801 NORTH BRAND BLVD S800 · GLENDALE, CA 91203	Securities Custodian	$10,783
SHEET METAL COLLECTION AGENCY2+ years Service code 15 · EIN 34-1296006 33 FITCH BLVD · YOUNGSTOWN, OH 44515	Recordkeeping	$10,698
BENESYS, INC.1 year Filed as: BENESYS, INC Service code 13 · EIN 38-2383171 33 FITCH BLVD · YOUNGSTOWN, OH 44515	Contract Administrator	$10,202
YURCHYK & DAVIS CPA'S, INC.1 year Filed as: YURCHYK & DAVIS CPA, INC Service code 10 · EIN 34-1638235 3701 BOARDMAN-CANFIELD RD, SUITE 2 · CANFIELD, OH 44406	Accounting	$7,247
INTERNATIONAL FOUNDATION OF EMPLOYE1 year Service code 99 18700 WEST BLUEMOUND ROAD · BROOKFIELD, WI 53045	Other Fees	$6,152

Plan features & details

Pension benefit codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$108K

Investment mgmt$33K30.9%
Contract admin$10K9.5%
Other / not subdivided$64K59.6%

% of EOY assets

0.418%

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: HILL, BARTH & KING LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,640

$178,584-72.8%

$84,753-42.6%

Participation rate

0.0%

64.5%-64.5pp

76.6%-76.6pp

Annual return

8.57%

76.22%-67.7pp

22.78%-14.2pp

Employer contribution / active EE

$1,402-100.0%

$3,574-100.0%

Participant deferral / active EE

$2,836-100.0%

$3,712-100.0%

Admin fee / account holder

$203

$9,656-97.9%

$5,333-96.2%

Provider

Service type

Compensation

PNC BANK, N.A.1 year

Filed as: PNC BANK, NATIONAL ASSOCIATION

Service code 15 · EIN 22-1146430

1900 E 9TH STREET · CLEVELAND, OH 44114

Recordkeeping

$22,550

THE BOGDAHN GROUP2+ years

Service code 16

4901 VINELAND RD ST 600 · ORLANDO, FL 32811

Consulting

$18,500

GREEN HAINES SGAMBATI CO, LPA1 year

Filed as: GREEN HAINES SGAMBATI CO LPA

Service code 29

P.O. BOX 849 · YOUNGSTOWN, OH 44501

Legal

$10,877

AMERICAN REALTY ADVISORS2+ years

Service code 19

801 NORTH BRAND BLVD S800 · GLENDALE, CA 91203

Securities Custodian

$10,783

SHEET METAL COLLECTION AGENCY2+ years

Service code 15 · EIN 34-1296006

33 FITCH BLVD · YOUNGSTOWN, OH 44515

Recordkeeping

$10,698

BENESYS, INC.1 year

Filed as: BENESYS, INC

Service code 13 · EIN 38-2383171

33 FITCH BLVD · YOUNGSTOWN, OH 44515

Contract Administrator

$10,202

YURCHYK & DAVIS CPA'S, INC.1 year

Filed as: YURCHYK & DAVIS CPA, INC

Service code 10 · EIN 34-1638235

3701 BOARDMAN-CANFIELD RD, SUITE 2 · CANFIELD, OH 44406

Accounting

$7,247

INTERNATIONAL FOUNDATION OF EMPLOYE1 year

Service code 99

18700 WEST BLUEMOUND ROAD · BROOKFIELD, WI 53045

Other Fees

$6,152

SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL, AIR, RAIL, & TRANSPORTATION ASSOCIATION LOCAL UNION NO. 33 YOUNGSTOWN DISTRICT ANNUITY 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