Retirement plan

SMACNA EMPLOYEES' PENSION PLAN

Name: SHEET METAL AND AIR CONDITIONING CONTRACTOR'S NATIONAL ASSOCIATION - SMACNA EMPLOYEES' PENSION PLAN (2023) Form 5500
Creator: SHEET METAL AND AIR CONDITIONING CONTRACTOR'S NATIONAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMACNA EMPLOYEES' PENSION PLAN, SHEET METAL AND AIR CONDITIONING CONTRACTOR'S NATIONAL ASSOCIATION

SHEET METAL AND AIR CONDITIONING CONTRACTOR'S NATIONAL ASSOCIATIONEIN 36-2099048Plan #002PY 2023

4201 LAFAYETTE CENTER DRIVE - CHANTILLY, VA 20151703-803-2982

Other plans on this EIN

1 filing

#003Retirement-$4.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.2M

+10.4% from 2022

Total participants

+2.3% from 2022

Average account balance

$230,242

-3.4% from 2022

Annual return

14.61%

+31.05 pp from 2022

Benchmarks

See 9,823 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,823 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

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

Not enough data

0 years with headcount on file

Eligible Participants and Participation

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

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$447K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-102.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C3D2G2F2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$817K

$24030 / participant

Other / not subdivided$817K100.0%

% of EOY assets

8.871%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$230,242

$57,281+302.0%

$86,612+165.8%

$75,163+206.3%

Participation rate

88.2%

63.2%+25.0pp

71.7%+16.5pp

67.2%+21.0pp

Annual return

14.61%

2670.75%-2656.1pp

591.07%-576.5pp

160.62%-146.0pp

Employer contribution / active EE

$13,001

$2,314+461.7%

$3,022+330.2%

$2,670+387.0%

Participant deferral / active EE

$3,318-100.0%

$4,438-100.0%

$4,125-100.0%

Admin fee / account holder

$20,426

$4,112+396.8%

$5,614+263.8%

$5,651+261.5%

SMACNA EMPLOYEES' PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMACNA EMPLOYEES' PENSION 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