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 (2024) 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 2024

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$346.5M

-8.1% from 2017

Total participants

2,467

+0.1% from 2017

Average account balance

$140,443

-8.2% from 2017

Annual return

13.34%

-5.76 pp from 2017

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

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

Service providers

Top 10 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$149,611
BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years Filed as: BAUM SIGMAN ETAL Service code 29 · EIN 36-2744057	Legal	$51,069
DENISE BINGHAM3 years Service code 30 · EIN 36-3911499	Employee (plan)	$47,564
KATIE EBY3 years Service code 30 · EIN 36-3911499	Employee (plan)	$41,596
THE SEGAL COMPANY9+ years Service code 17 · EIN 13-1975125	Pension Consulting	$39,595
CALIBRE CPA GROUP PLLC9+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880	Accounting	$37,671
EMILY LAFFERTY2 years Filed as: EMILY BANDERA Service code 30 · EIN 36-3911499	Employee (plan)	$32,965
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 49 · EIN 52-1796473	Other Services	$14,092
BOND BROTHERS7 years Service code 36 · EIN 36-2433269	Copying and duplicating	$9,399
MORGAN STANLEY SMITH BARNEY1 year Service code 27 · EIN 11-3658445	Advisory (Plan)	$5,000

Plan features & details

Pension benefit codes2C2E2F2G2J2T

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.
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.

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

$541K

$219 / participant

Recordkeeping$20K3.7%
Investment mgmt$5K0.9%
Legal$51K9.4%
Salaries / allowances$177K32.8%
Contract admin$150K27.8%
Other / not subdivided$137K25.3%

% of EOY assets

0.156%

all-in expense ratio

Categories reported

5 / 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: $17,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,443

$241,850-41.9%

$102,437+37.1%

$200,096-29.8%

Participation rate

100.0%

78.3%+21.7pp

74.5%+25.5pp

72.0%+28.0pp

Annual return

13.34%

17.67%-4.3pp

24.95%-11.6pp

34.26%-20.9pp

Employer contribution / active EE

$8,677

$4,253+104.0%

$3,871+124.2%

$3,038+185.6%

Participant deferral / active EE

$294

$3,961-92.6%

$5,060-94.2%

$5,090-94.2%

Admin fee / account holder

$219

$288-23.9%

$8,388-97.4%

$269-18.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$149,611

BAUM SIGMAN AUERBACH & NEUMAN, LTD9+ years

Filed as: BAUM SIGMAN ETAL

Service code 29 · EIN 36-2744057

Legal

$51,069

DENISE BINGHAM3 years

Service code 30 · EIN 36-3911499

Employee (plan)

$47,564

KATIE EBY3 years

Service code 30 · EIN 36-3911499

Employee (plan)

$41,596

THE SEGAL COMPANY9+ years

Service code 17 · EIN 13-1975125

Pension Consulting

$39,595

CALIBRE CPA GROUP PLLC9+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

Accounting

$37,671

EMILY LAFFERTY2 years

Filed as: EMILY BANDERA

Service code 30 · EIN 36-3911499

Employee (plan)

$32,965

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 49 · EIN 52-1796473

Other Services

$14,092

BOND BROTHERS7 years

Service code 36 · EIN 36-2433269

Copying and duplicating

$9,399

MORGAN STANLEY SMITH BARNEY1 year

Service code 27 · EIN 11-3658445

Advisory (Plan)

$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