Retirement plan

INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORATION WORKERS (SMART) LOCAL UNION NO. 36 401(K) PLAN

Name: BOARD OF TRUSTEES FOR INT'L ASSOC. OF SHEET METAL, AIR, RAIL AND - INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORATION WORKERS (SMART) LOCAL UNION NO. 36 401(K) PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES FOR INT'L ASSOC. OF SHEET METAL, AIR, RAIL AND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORATION WORKERS (SMART) LOCAL UNION NO. 36 401(K) PLAN, BOARD OF TRUSTEES FOR INT'L ASSOC. OF SHEET METAL, AIR, RAIL AND

BOARD OF TRUSTEES FOR INT'L ASSOC. OF SHEET METAL, AIR, RAIL ANDdba TRANSPORATION WORKERS (SMARTEIN 43-1758027Plan #001PY 2016

2319 CHOUTEAU AVE, SUITE 300 - SAINT LOUIS, MO 63103314-652-1875

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$132.5M

+8.3% from 2015

Total participants

3,378

+3.9% from 2015

Average account balance

No prior year

Annual return

7.10%

+7.64 pp from 2015

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$213.99M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

3,986

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
SMART SOURCE LLC2+ years Filed as: SMART LOCAL UNION NO. 36 PENSION Service code 13 · EIN 43-0727853 2319 CHOUTEAU AVE 300 · ST LOUIS, MO 63103	Contract Administrator	$78,302
CONNER ASH, P.C.1 year Service code 10 · EIN 43-1012822 12101 WOODCREST EXEC. DR. · ST LOUIS, MO 63141	Accounting	$25,480
MARQUETTE ASSOCIATES2+ years Service code 17 · EIN 36-3485298 180 N. LA SALLE ST, SUITE · CHICAGO, IL 60601	Pension Consulting	$25,000
MUELLER PROST1 year Filed as: MUELLER PROST, LC Service code 10 · EIN 43-1594752 7733 FORSYTH BLVD, SUITE · SAINT LOUIS, MO 63105	Accounting	$22,350
SCHUCHAT, COOK & WERNER1 year Filed as: SCHUCHAT, COOK, & WERNER Service code 29 · EIN 43-0763010 1221 LOCUST ST, SUITE 250 · ST LOUIS, MO 63103	Legal	$17,346
SYSTEM DESIGN ASSOCIATES2+ years Service code 15 · EIN 42-1228887 3760 S. LINDBERGH, SUITE · SAINT LOUIS, MO 63127	Recordkeeping	$8,448
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE CO. OF AMERICA Service code 72 · EIN 22-1211670	Other investment fees and expenses	$0

Plan features & details

Pension benefit codes2E2F2G2J

Plan features

2E
Profit-sharing
Profit-sharing 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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$222K

$70 / participant

Investment mgmt$25K11.2%
Contract admin$78K35.2%
Other / not subdivided$119K53.5%

% of EOY assets

0.168%

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: MUELLER PROST LC
Auditor EIN: 431594752
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,392-100.0%

$84,753-100.0%

$63,975-100.0%

Participation rate

0.0%

76.9%-76.9pp

76.6%-76.6pp

71.1%-71.1pp

Annual return

7.10%

611.38%-604.3pp

22.78%-15.7pp

48.65%-41.6pp

Employer contribution / active EE

$643

$2,943-78.2%

$3,574-82.0%

$2,182-70.5%

Participant deferral / active EE

$1,558

$2,593-39.9%

$3,712-58.0%

$3,356-53.6%

Admin fee / account holder

$136-100.0%

$5,333-100.0%

$70-100.0%

Provider

Service type

Compensation

SMART SOURCE LLC2+ years

Filed as: SMART LOCAL UNION NO. 36 PENSION

Service code 13 · EIN 43-0727853

2319 CHOUTEAU AVE 300 · ST LOUIS, MO 63103

Contract Administrator

$78,302

CONNER ASH, P.C.1 year

Service code 10 · EIN 43-1012822

12101 WOODCREST EXEC. DR. · ST LOUIS, MO 63141

Accounting

$25,480

MARQUETTE ASSOCIATES2+ years

Service code 17 · EIN 36-3485298

180 N. LA SALLE ST, SUITE · CHICAGO, IL 60601

Pension Consulting

$25,000

MUELLER PROST1 year

Filed as: MUELLER PROST, LC

Service code 10 · EIN 43-1594752

7733 FORSYTH BLVD, SUITE · SAINT LOUIS, MO 63105

Accounting

$22,350

SCHUCHAT, COOK & WERNER1 year

Filed as: SCHUCHAT, COOK, & WERNER

Service code 29 · EIN 43-0763010

1221 LOCUST ST, SUITE 250 · ST LOUIS, MO 63103

Legal

$17,346

SYSTEM DESIGN ASSOCIATES2+ years

Service code 15 · EIN 42-1228887

3760 S. LINDBERGH, SUITE · SAINT LOUIS, MO 63127

Recordkeeping

$8,448

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE CO. OF AMERICA

Service code 72 · EIN 22-1211670

Other investment fees and expenses

INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORATION WORKERS (SMART) LOCAL UNION NO. 36 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASSOCIATION OF SHEET METAL, AIR, RAIL AND TRANSPORATION WORKERS (SMART) LOCAL UNION NO. 36 401(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