Retirement plan

SMART LOCAL 265 SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES-SMART LOCAL 265 SUPP RET SVGS PLAN - SMART LOCAL 265 SUPPLEMENTAL RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: BOARD OF TRUSTEES-SMART LOCAL 265 SUPP RET SVGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMART LOCAL 265 SUPPLEMENTAL RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES-SMART LOCAL 265 SUPP RET SVGS PLAN

BOARD OF TRUSTEES-SMART LOCAL 265 SUPP RET SVGS PLANEIN 36-3911499Plan #002PY 2022

205 ALEXANDRA WAY - CAROL STREAM, IL 601882080630-668-7260

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$290.9M

-8.1% from 2017

Total participants

2,526

+0.1% from 2017

Average account balance

$115,163

-8.2% from 2017

Annual return

-4.11%

-5.76 pp from 2017

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$378.01M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

2,490

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

$22.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+7.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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 9 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$144,527
BAUM SIGMAN AUERBACH & NEUMAN, LTD7+ years Filed as: BAUM SIGMAN ETAL Service code 29 · EIN 36-2744057 200 W. ADAMS ST., SUITE 2200 · CHICAGO, IL 60606	Legal	$63,883
DENISE BINGHAM1 year Service code 30 · EIN 36-3911499	Employee (plan)	$40,437
KATIE EBY1 year Service code 30 · EIN 36-3911499	Employee (plan)	$37,785
CALIBRE CPA GROUP PLLC7+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880 230 WEST MONROE STREET, STE 310 · CHICAGO, IL 60606	Accounting	$36,094
THE SEGAL COMPANY7+ years Service code 17 · EIN 13-1975125 101 N WACKER DR., STE 100 · CHICAGO, IL 60606	Pension Consulting	$8,120
THE SEGAL COMPANY6 years Filed as: SEGAL SELECT INS. SERVICES Service code 53 · EIN 46-0619194 333 WEST 34TH STREET · NEW YORK, NY 100012402	Insurance Commissions	$5,983
BOND BROTHERS5 years Service code 36 · EIN 36-2433269 7826 47TH ST · LYONS, IL 60534	Copying and duplicating	$5,720
MORGAN STANLEY SMITH BARNEY7+ years Filed as: GRAYSTONE CONSULTING/SMITH BARNEY Service code 19 · EIN 36-3145972 800 E. 96TH STREET, SUITE 400 · INDIANAPOLIS, IN 46240	Securities Custodian	$5,000

Plan features & details

Pension benefit codes2C2E2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$448K

$178 / participant

Investment mgmt$5K1.1%
Contract admin$145K32.2%
Other / not subdivided$299K66.7%

% of EOY assets

0.154%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,163

$76,774+50.0%

$112,270+2.6%

$77,906+47.8%

Participation rate

100.0%

80.2%+19.8pp

75.1%+24.9pp

73.7%+26.3pp

Annual return

-4.11%

-10.25%+6.1pp

27.49%-31.6pp

12.16%-16.3pp

Employer contribution / active EE

$7,411

$3,977+86.4%

$3,635+103.9%

$2,846+160.4%

Participant deferral / active EE

$63

$3,778-98.3%

$4,729-98.7%

$4,805-98.7%

Admin fee / account holder

$178

$239-25.7%

$6,411-97.2%

$133+33.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

$144,527

BAUM SIGMAN AUERBACH & NEUMAN, LTD7+ years

Filed as: BAUM SIGMAN ETAL

Service code 29 · EIN 36-2744057

200 W. ADAMS ST., SUITE 2200 · CHICAGO, IL 60606

Legal

$63,883

DENISE BINGHAM1 year

Service code 30 · EIN 36-3911499

Employee (plan)

$40,437

KATIE EBY1 year

Service code 30 · EIN 36-3911499

Employee (plan)

$37,785

CALIBRE CPA GROUP PLLC7+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

230 WEST MONROE STREET, STE 310 · CHICAGO, IL 60606

Accounting

$36,094

THE SEGAL COMPANY7+ years

Service code 17 · EIN 13-1975125

101 N WACKER DR., STE 100 · CHICAGO, IL 60606

Pension Consulting

$8,120

THE SEGAL COMPANY6 years

Filed as: SEGAL SELECT INS. SERVICES

Service code 53 · EIN 46-0619194

333 WEST 34TH STREET · NEW YORK, NY 100012402

Insurance Commissions

$5,983

BOND BROTHERS5 years

Service code 36 · EIN 36-2433269

7826 47TH ST · LYONS, IL 60534

Copying and duplicating

$5,720

MORGAN STANLEY SMITH BARNEY7+ years

Filed as: GRAYSTONE CONSULTING/SMITH BARNEY

Service code 19 · EIN 36-3145972

800 E. 96TH STREET, SUITE 400 · INDIANAPOLIS, IN 46240

Securities Custodian

$5,000

SMART LOCAL 265 SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMART LOCAL 265 SUPPLEMENTAL RETIREMENT 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