Retirement plan

SMACNA EMPLOYEES' 401(K) PENSION PLAN

Name: SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOCIATION - SMACNA EMPLOYEES' 401(K) PENSION PLAN (2017) Form 5500
Creator: SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMACNA EMPLOYEES' 401(K) PENSION PLAN, SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOCIATION

SHEET METAL AND AIR CONDITIONING CONTRACTORS NATIONAL ASSOCIATIONEIN 36-2099048Plan #003PY 2017

4201 LAFAYETTE CENTER DRIVE - CHANTILLY, VA 201511209703-803-2982

Other plans on this EIN

1 filing

#002Retirement-$8.9M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$5.8M

+19.3% from 2016

Total participants

+2.9% from 2016

Average account balance

$187,866

+19.3% from 2016

Annual return

18.11%

+11.89 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.65M

Not enough data

1 years with asset history on file

Average account balance

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

$257K

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.

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.

122.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+241.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16943

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

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

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 codes2E2F2G2J2T3D

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.
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

2 tripped

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

$250K

$7354 / participant

Other / not subdivided$250K100.0%

% of EOY assets

4.293%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,866

$53,128+253.6%

$86,582+117.0%

$70,126+167.9%

Participation rate

85.3%

65.3%+20.0pp

73.5%+11.7pp

69.5%+15.8pp

Annual return

18.11%

27.66%-9.6pp

965.08%-947.0pp

73.15%-55.0pp

Employer contribution / active EE

$2,068-100.0%

$2,839-100.0%

$2,343-100.0%

Participant deferral / active EE

$9,117

$2,695+238.3%

$3,609+152.7%

$3,332+173.6%

Admin fee / account holder

$8,065

$3,584+125.1%

$4,904+64.5%

$4,645+73.6%

SMACNA EMPLOYEES' 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMACNA EMPLOYEES' 401(K) 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