Retirement plan

CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) PLAN

Name: CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) - CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) PLAN (2016) Form 5500
Creator: CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) PLAN, CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K)

CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K)dba PLAN JOINT BOARD OF TRUSTEESEIN 42-1401231Plan #001PY 2016

4534 NW 6TH DR - DES MOINES, IA 503132214515-262-7421

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$32.4M

+9.5% from 2015

Total participants

462

+6.0% from 2015

Average account balance

$72,066

+1.2% from 2015

Annual return

6.31%

+6.30 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.81M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

496

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.15M

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$31,036
DEBOER & ASSOCIATES, PC2+ years Service code 10 · EIN 47-0836395	Accounting	$14,308
SHEET METAL WORKERS INT'L UNION 452+ years Service code 14 · EIN 42-0519613	Plan Administrator	$5,474

Plan features & details

Pension benefit codes2E2G2J2T

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$152 / participant

Contract admin$31K47.6%
Other / not subdivided$34K52.4%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEBOER & ASSOCIATES, PC
Auditor EIN: 470836395
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,066

$71,802+0.4%

$133,975-46.2%

$57,658+25.0%

Participation rate

97.2%

85.5%+11.7pp

87.1%+10.1pp

70.2%+27.0pp

Annual return

6.31%

13.51%-7.2pp

29.29%-23.0pp

5.13%+1.2pp

Employer contribution / active EE

$4,634

$3,161+46.6%

$5,211-11.1%

$1,974+134.8%

Participant deferral / active EE

$213

$4,606-95.4%

$6,282-96.6%

$3,061-93.0%

Admin fee / account holder

$145

$88+65.3%

$9,324-98.4%

$95+53.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$31,036

DEBOER & ASSOCIATES, PC2+ years

Service code 10 · EIN 47-0836395

Accounting

$14,308

SHEET METAL WORKERS INT'L UNION 452+ years

Service code 14 · EIN 42-0519613

Plan Administrator

$5,474

CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL IOWA SHEET METAL WORKERS SUPPLEMENTAL RETIREMENT 401(K) 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