Retirement plan

SHEET METAL WORKERS' LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT FUND

Name: SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDS - SHEET METAL WORKERS' LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT FUND (2018) Form 5500
Creator: SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS' LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT FUND, SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDS

SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDSEIN 36-6503783Plan #001PY 2018

4530 ROOSEVELT ROAD - HILLSIDE, IL 60162708-449-7373

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+5.3% from 2017

Total participants

+25.0% from 2017

Average account balance

$170,386

-15.7% from 2017

Annual return

8.47%

-3.52 pp from 2017

Benchmarks

See 38,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,940 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.12M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6996

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$254K

$16960 / participant

Other / not subdivided$254K100.0%

% of EOY assets

7.466%

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

$170,386

$97,732+74.3%

$83,831+103.2%

$135,380+25.9%

Participation rate

100.0%

80.0%+20.0pp

76.1%+23.9pp

82.6%+17.4pp

Annual return

8.47%

1287.56%-1279.1pp

850.99%-842.5pp

519.81%-511.3pp

Employer contribution / active EE

$8,218

$4,222+94.6%

$3,631+126.3%

$4,779+72.0%

Participant deferral / active EE

$1,639

$4,683-65.0%

$4,082-59.8%

$5,609-70.8%

Admin fee / account holder

$12,720

$6,675+90.6%

$5,479+132.2%

$10,828+17.5%

SHEET METAL WORKERS' LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS' LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT 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