Retirement plan

SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FUND

Name: BOARD OF TRUSTEES - SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS F - SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES - SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS F
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FUND, BOARD OF TRUSTEES - SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS F

BOARD OF TRUSTEES - SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FEIN 36-4343290Plan #001PY 2017

3316 PUBLISHERS DRIVE - ROCKFORD, IL 611096318815-874-6641smwlocal219.comLinkedIn501-1000 employees

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$123.8M

+17.0% from 2016

Total participants

676

+6.5% from 2016

Average account balance

$272,658

+8.0% from 2016

Annual return

16.33%

+9.76 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$209.67M

Not enough data

1 years with asset history on file

Average account balance

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

$332K

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.

631

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.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$407

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
MEKETA INVESTMENT GROUP2 years Filed as: MEKETA INVESTMENT GROUP, INC. Service code 27 · EIN 04-2659023	Advisory (Plan)	$56,000
SMART LOCAL UNION 2193+ years Filed as: SHEET METAL WORKERS LOCAL UNION 219 Service code 14 · EIN 36-1764275	Plan Administrator	$24,000
LEGACY PROFESSIONALS LLP3+ years Service code 10 · EIN 32-0043599	Accounting	$19,977
AMERICAN REALTY ADVISORS2 years Service code 28 · EIN 33-0123114	Investment Management	$17,668
INDEPENDENT FINANCIAL PARTNERS3+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668	Investment Management	$9,704
ERIC LIZER1 year Service code 20 · EIN 36-4343290	Trustee (individual)	$6,872
BENESYS, INC.1 year Filed as: INNOVATIVE SOFTWARE SOLUTIONS INC. Service code 49 · EIN 23-2182079	Other Services	$6,058
MIKE UYLAKI1 year Filed as: MIKE SNEED Service code 20 · EIN 36-4343290	Trustee (individual)	$5,901

Plan features & details

Pension benefit codes2C2F2G2T

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$150K

$233 / participant

Investment mgmt$69K45.8%
Contract admin$24K16.0%
Other / not subdivided$57K38.2%

% of EOY assets

0.121%

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: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$272,658

$60,545+350.3%

$92,239+195.6%

$69,631+291.6%

Participation rate

65.5%

72.2%-6.6pp

76.5%-11.0pp

70.7%-5.2pp

Annual return

16.33%

19.71%-3.4pp

176.29%-160.0pp

27571.02%-27554.7pp

Employer contribution / active EE

$8,300

$2,633+215.2%

$3,680+125.6%

$2,032+308.5%

Participant deferral / active EE

$2,828-100.0%

$3,897-100.0%

$3,224-100.0%

Admin fee / account holder

$330

$145+128.0%

$5,194-93.6%

$110+198.9%

Provider

Service type

Compensation

MEKETA INVESTMENT GROUP2 years

Filed as: MEKETA INVESTMENT GROUP, INC.

Service code 27 · EIN 04-2659023

Advisory (Plan)

$56,000

SMART LOCAL UNION 2193+ years

Filed as: SHEET METAL WORKERS LOCAL UNION 219

Service code 14 · EIN 36-1764275

Plan Administrator

$24,000

LEGACY PROFESSIONALS LLP3+ years

Service code 10 · EIN 32-0043599

Accounting

$19,977

AMERICAN REALTY ADVISORS2 years

Service code 28 · EIN 33-0123114

Investment Management

$17,668

INDEPENDENT FINANCIAL PARTNERS3+ years

Filed as: SIERRA INVESTMENT PARTNERS, INC.

Service code 28 · EIN 68-0370668

Investment Management

$9,704

ERIC LIZER1 year

Service code 20 · EIN 36-4343290

Trustee (individual)

$6,872

BENESYS, INC.1 year

Filed as: INNOVATIVE SOFTWARE SOLUTIONS INC.

Service code 49 · EIN 23-2182079

Other Services

$6,058

MIKE UYLAKI1 year

Filed as: MIKE SNEED

Service code 20 · EIN 36-4343290

Trustee (individual)

$5,901

SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL 219 RETIREMENT SAVINGS FUND

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