Retirement plan

SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA

Name: SHEET METAL WORKERS PENSION TRUST - SHEET METAL WORKERS PENSION PLAN OF NORTHERN CALIFORNIA (2021) 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 2021

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

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$1625.4M

-3.5% from 2016

Total participants

12,061

-0.1% from 2016

Average account balance

No prior year

Annual return

17.10%

-5.18 pp from 2016

Benchmarks

See 183 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort183 peers

Snapshot2021

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 31 by compensation

Provider	Service type	Compensation
BENESYS, INC.7+ years Service code 13 · EIN 38-2383171	Contract Administrator	$1,540,223
CENTARES OPPORTUNITIES, LLC1 year Service code 28 · EIN 85-3550396	Investment Management	$1,113,929
WASHINGTON CAPITAL MANAGEMENT, INC.4 years Service code 28 · EIN 91-1042342	Investment Management	$898,235
HORIZON ACTUARIAL SERVICES, LLC2 years Filed as: HORIZON ACTUARIAL SERVICES Service code 11 · EIN 26-1370698	Actuarial	$840,220
MORGAN STANLEY SMITH BARNEY3 years Filed as: GRAYSTONE CONSULTING Service code 27 · EIN 36-3145972	Advisory (Plan)	$734,809
TRUCKER HUSS2 years Service code 29 · EIN 94-3216063	Legal	$623,929
LINDQUIST LLP7+ years Service code 10 · EIN 52-2385296	Accounting	$417,297
DELAWARE INVESTMENTS3 years Filed as: DELAWARE Service code 28 · EIN 23-3061021	Investment Management	$408,833
CAUSEWAY CAPITAL MANAGEMENT LLC3 years Filed as: CAUSEWAY Service code 28 · EIN 95-4861680	Investment Management	$340,510
ZUCKERMAN SPAEDER LLP1 year Service code 29 · EIN 52-1112263	Legal	$302,317

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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$10.2M

$1810 / participant

Investment mgmt$5M44.2%
Contract admin$2M14.9%
Other / not subdivided$4M40.8%

% of EOY assets

0.627%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,582-100.0%

Participation rate

0.0%

0.0%0pp

23.6%-23.6pp

0.0%0pp

Annual return

17.10%

19.39%-2.3pp

11.08%+6.0pp

19.39%-2.3pp

Employer contribution / active EE

$22,650

$8,446+168.2%

$28,418-20.3%

$8,446+168.2%

Participant deferral / active EE

$353-100.0%

$86-100.0%

$353-100.0%

Admin fee / account holder

$6,559-100.0%

Provider

Service type

Compensation

BENESYS, INC.7+ years

Service code 13 · EIN 38-2383171

Contract Administrator

$1,540,223

CENTARES OPPORTUNITIES, LLC1 year

Service code 28 · EIN 85-3550396

Investment Management

$1,113,929

WASHINGTON CAPITAL MANAGEMENT, INC.4 years

Service code 28 · EIN 91-1042342

Investment Management

$898,235

HORIZON ACTUARIAL SERVICES, LLC2 years

Filed as: HORIZON ACTUARIAL SERVICES

Service code 11 · EIN 26-1370698

Actuarial

$840,220

MORGAN STANLEY SMITH BARNEY3 years

Filed as: GRAYSTONE CONSULTING

Service code 27 · EIN 36-3145972

Advisory (Plan)

$734,809

TRUCKER HUSS2 years

Service code 29 · EIN 94-3216063

Legal

$623,929

LINDQUIST LLP7+ years

Service code 10 · EIN 52-2385296

Accounting

$417,297

DELAWARE INVESTMENTS3 years

Filed as: DELAWARE

Service code 28 · EIN 23-3061021

Investment Management

$408,833

CAUSEWAY CAPITAL MANAGEMENT LLC3 years

Filed as: CAUSEWAY

Service code 28 · EIN 95-4861680

Investment Management

$340,510

ZUCKERMAN SPAEDER LLP1 year

Service code 29 · EIN 52-1112263

Legal

$302,317

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