Retirement plan

SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA

Name: SHEET METAL WORKERS PENSION TRUST - SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA (2020) Form 5500
Creator: SHEET METAL WORKERS PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA, SHEET METAL WORKERS PENSION TRUST

SHEET METAL WORKERS PENSION TRUSTEIN 51-6115939Plan #001PY 2020

3240B CONSTITUTION DRIVE - LIVERMORE, CA 945517567925-208-9994

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$1425.2M

-3.5% from 2016

Total participants

13,068

-0.1% from 2016

Average account balance

No prior year

Annual return

8.91%

-5.18 pp from 2016

Benchmarks

See 30 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants5,000-9,999

Cohort30 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60B

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.

7,554

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+8.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 24 by compensation

Provider	Service type	Compensation
BENESYS, INC.6+ years Service code 13 · EIN 38-2383171	Contract Administrator	$1,504,951
WASHINGTON CAPITAL MANAGEMENT, INC.3 years Service code 28 · EIN 91-1042342	Investment Management	$797,460
MORGAN STANLEY SMITH BARNEY2 years Filed as: GRAYSTONE CONSULTING Service code 27 · EIN 36-3145972	Advisory (Plan)	$605,387
HORIZON ACTUARIAL SERVICES, LLC1 year Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$465,339
LINDQUIST LLP6+ years Service code 10 · EIN 52-2385296	Accounting	$324,663
SALTZMAN & JOHNSON6+ years Filed as: SALTZMAN & JOHNSON LAW CORPORATION Service code 29 · EIN 94-2376174	Legal	$243,380
DELAWARE INVESTMENTS2 years Filed as: DELAWARE Service code 28 · EIN 23-3061021	Investment Management	$213,725
POLEN CAPITAL2 years Service code 28 · EIN 26-0319356	Investment Management	$200,998
EARNEST PARTNERS, LLC2 years Filed as: EARNEST Service code 28 · EIN 58-2386669	Investment Management	$200,461
CAUSEWAY CAPITAL MANAGEMENT LLC2 years Filed as: CAUSEWAY Service code 28 · EIN 95-4861680	Investment Management	$194,864

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$7.0M

$1161 / participant

Investment mgmt$3M49.6%
Contract admin$1M20.9%
Other / not subdivided$2M29.5%

% of EOY assets

0.490%

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: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,072-100.0%

Participation rate

0.0%

0.0%0pp

33.1%-33.1pp

0.0%0pp

Annual return

8.91%

6.00%+2.9pp

8.01%+0.9pp

5230.06%-5221.2pp

Employer contribution / active EE

$21,503

$14,010+53.5%

$29,476-27.0%

$10,491+105.0%

Participant deferral / active EE

$460-100.0%

$735-100.0%

$460-100.0%

Admin fee / account holder

$630-100.0%

Provider

Service type

Compensation

BENESYS, INC.6+ years

Service code 13 · EIN 38-2383171

Contract Administrator

$1,504,951

WASHINGTON CAPITAL MANAGEMENT, INC.3 years

Service code 28 · EIN 91-1042342

Investment Management

$797,460

MORGAN STANLEY SMITH BARNEY2 years

Filed as: GRAYSTONE CONSULTING

Service code 27 · EIN 36-3145972

Advisory (Plan)

$605,387

HORIZON ACTUARIAL SERVICES, LLC1 year

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$465,339

LINDQUIST LLP6+ years

Service code 10 · EIN 52-2385296

Accounting

$324,663

SALTZMAN & JOHNSON6+ years

Filed as: SALTZMAN & JOHNSON LAW CORPORATION

Service code 29 · EIN 94-2376174

Legal

$243,380

DELAWARE INVESTMENTS2 years

Filed as: DELAWARE

Service code 28 · EIN 23-3061021

Investment Management

$213,725

POLEN CAPITAL2 years

Service code 28 · EIN 26-0319356

Investment Management

$200,998

EARNEST PARTNERS, LLC2 years

Filed as: EARNEST

Service code 28 · EIN 58-2386669

Investment Management

$200,461

CAUSEWAY CAPITAL MANAGEMENT LLC2 years

Filed as: CAUSEWAY

Service code 28 · EIN 95-4861680

Investment Management

$194,864

SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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