Retirement plan

SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 401(K) PLAN

Name: SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 - SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 401(K) PLAN (2018) Form 5500
Creator: SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 401(K) PLAN, SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3

SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3EIN 47-0795205Plan #001PY 2018

3333 SOUTH 24TH STREET - OMAHA, NE 681081852402-330-3383sheetmetalworkerslocal3.orgLinkedIn501-1000 employees

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$28.9M

+11.1% from 2017

Total participants

717

+29.7% from 2017

Average account balance

$40,324

-14.3% from 2017

Annual return

8.76%

-4.78 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.00M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

820

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 53 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Insurance Commissions	$93,805
BENEFIT PLANS ADMIN SERVICES, INC.3+ years Filed as: BENEFIT PLANS INC Service code 15 16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130	Recordkeeping	$48,850
O'DONNELL FICENEC WILLS & FERDIG1 year Service code 10 4815 SOUTH 107TH AVENUE · OMAHA, NE 68127	Accounting	$22,000
WEINBERG & WEINBERG, PC3+ years Filed as: WEINBERG AND WEINBERG Service code 29 9290 WEST DODGE ROAD SUITE 205 · OMAHA, NE 68124	Legal	$11,925
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON CO FID COMPREHENSIVE Service code 27 630 DUNDEE ROAD SUITE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$2,009

Plan features & details

Pension benefit codes2G2J2E

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$65K

$114 / participant

Other / not subdivided$65K100.0%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: O'DONNELL FICENEC
Auditor EIN: 470387937
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,324

$56,443-28.6%

$83,831-51.9%

$55,725-27.6%

Participation rate

100.0%

72.0%+28.0pp

76.1%+23.9pp

70.9%+29.1pp

Annual return

8.76%

393.67%-384.9pp

850.99%-842.2pp

244.93%-236.2pp

Employer contribution / active EE

$2,202

$2,682-17.9%

$3,631-39.3%

$2,078+6.0%

Participant deferral / active EE

$1,048

$2,965-64.7%

$4,082-74.3%

$3,356-68.8%

Admin fee / account holder

$91

$156-41.7%

$5,479-98.3%

$115-20.9%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 53

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Insurance Commissions

$93,805

BENEFIT PLANS ADMIN SERVICES, INC.3+ years

Filed as: BENEFIT PLANS INC

Service code 15

16924 FRANCES STREET SUITE 100 · OMAHA, NE 68130

Recordkeeping

$48,850

O'DONNELL FICENEC WILLS & FERDIG1 year

Service code 10

4815 SOUTH 107TH AVENUE · OMAHA, NE 68127

Accounting

$22,000

WEINBERG & WEINBERG, PC3+ years

Filed as: WEINBERG AND WEINBERG

Service code 29

9290 WEST DODGE ROAD SUITE 205 · OMAHA, NE 68124

Legal

$11,925

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON CO FID COMPREHENSIVE

Service code 27

630 DUNDEE ROAD SUITE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$2,009

SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS INTERNATIONAL ASSOC., LOCAL 3 401(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