Retirement plan

SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND

Name: TRUSTEES OF SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND - SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND (2015) Form 5500
Creator: TRUSTEES OF SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND, TRUSTEES OF SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND

TRUSTEES OF SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUNDEIN 41-6162383Plan #001PY 2015

1681 EAST COPE AVENUE, SUITE B - MAPLEWOOD, MN 551092631651-770-0991

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$301.9M

-9.6% from 2016

Total participants

4,515

-2.7% from 2016

Average account balance

$66,431

-7.7% from 2016

Annual return

-1.65%

-9.95 pp from 2016

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$572.55M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

4,801

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

$22.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 6 by compensation

Provider	Service type	Compensation
SHEET METAL CONTROL BOARD1+ years Service code 13 · EIN 41-1562581	Contract Administrator	$188,796
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$107,525
DISABATO ADVISERS, LLC1+ years Service code 28 · EIN 35-2323525	Investment Management	$85,000
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: SIERRA INVESTMENT PARTNERS Service code 19 · EIN 68-0370668	Securities Custodian	$59,844
MCGRANN SHEA CARNIVAL STRAUGHN & LA1+ years Service code 29 · EIN 41-1654544	Legal	$49,881
LEGACY PROFESSIONALS LLP1+ years Service code 10 · EIN 32-0043599	Accounting	$14,200

Plan features & details

Pension benefit codes2A2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$547K

$136 / participant

Investment mgmt$252K46.1%
Contract admin$189K34.5%
Other / not subdivided$106K19.4%

% of EOY assets

0.181%

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

$66,431

$75,760-12.3%

$123,105-46.0%

$59,188+12.2%

Participation rate

100.0%

86.0%+14.0pp

86.8%+13.2pp

69.4%+30.6pp

Annual return

-1.65%

2.93%-4.6pp

13.22%-14.9pp

5.51%-7.2pp

Employer contribution / active EE

$4,321

$3,415+26.5%

$5,151-16.1%

$2,098+105.9%

Participant deferral / active EE

$5,000-100.0%

$6,229-100.0%

$3,265-100.0%

Admin fee / account holder

$120

$61+98.3%

$9,014-98.7%

$92+30.6%

Provider

Service type

Compensation

SHEET METAL CONTROL BOARD1+ years

Service code 13 · EIN 41-1562581

Contract Administrator

$188,796

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$107,525

DISABATO ADVISERS, LLC1+ years

Service code 28 · EIN 35-2323525

Investment Management

$85,000

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: SIERRA INVESTMENT PARTNERS

Service code 19 · EIN 68-0370668

Securities Custodian

$59,844

MCGRANN SHEA CARNIVAL STRAUGHN & LA1+ years

Service code 29 · EIN 41-1654544

Legal

$49,881

LEGACY PROFESSIONALS LLP1+ years

Service code 10 · EIN 32-0043599

Accounting

$14,200

SHEET METAL LOCAL 10 SUPPLEMENTAL RETIREMENT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL LOCAL 10 SUPPLEMENTAL 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