Retirement plan

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

Name: SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDS - SHEET METAL WORKERS LOCAL NO. 73 PENSION & WELFARE FUNDS OFFICE STAFF RETIREMENT FUND RETIREMENT FUND (2024) 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 RETIREMENT FUND, SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDS

SHEET METAL WORKERS' LOCAL 73 PENSION & WELFARE FUNDSEIN 36-6503783Plan #001PY 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.7M

+14.7% from 2023

Total participants

+5.6% from 2023

Average account balance

$192,520

+8.6% from 2023

Annual return

10.57%

+1.44 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

$56K

$4025 / participant

Other / not subdivided$56K100.0%

% of EOY assets

1.540%

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

$192,520

$110,337+74.5%

$102,383+88.0%

$145,877+32.0%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

10.57%

24.83%-14.3pp

24.94%-14.4pp

551.28%-540.7pp

Employer contribution / active EE

$11,200

$4,216+165.7%

$3,870+189.4%

$4,663+140.2%

Participant deferral / active EE

$2,079

$5,621-63.0%

$5,060-58.9%

$6,691-68.9%

Admin fee / account holder

$2,965

$9,750-69.6%

$8,391-64.7%

$13,402-77.9%

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