Retirement plan

SHEET METAL WORKERS LOCAL 100 401K PLAN

Name: SHEET METAL WORKERS LOCAL 100 401K PLAN - SHEET METAL WORKERS LOCAL 100 401K PLAN (2023) Form 5500
Creator: SHEET METAL WORKERS LOCAL 100 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL 100 401K PLAN, SHEET METAL WORKERS LOCAL 100 401K PLAN

SHEET METAL WORKERS LOCAL 100 401K PLANEIN 52-2080474Plan #002PY 2023

WILLIAM C. EARHART CO., PO BOX 4148 - PORTLAND, OR 972085642800-547-1314

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$147.7M

+13.3% from 2022

Total participants

4,115

+0.7% from 2022

Average account balance

$35,891

+12.5% from 2022

Annual return

14.50%

+28.44 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$161.20M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

3,401

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.77M

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: PRUDENTIAL INSURANCE COMPANY Service code 28 · EIN 22-1211670	Investment Management	$661,217
WILLIAM C. EARHART CO., INC.9+ years Filed as: WILLIAM C. EARHART CO., INC Service code 13 · EIN 93-0509592	Contract Administrator	$113,077
GYL FINANCIAL SYNERGIES5 years Filed as: GYL FINANCIAL SYNERGIES, LLC Service code 27 · EIN 81-3263476	Advisory (Plan)	$60,000
NOVAK FRANCELLA LLC4 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$26,907
O'DONOGHUE & O'DONOGHUE9+ years Filed as: O'DONOGHUE & O'DONOGHUE LLP Service code 29 · EIN 53-0120528	Legal	$14,268

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

3 tripped

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

$253K

$78 / participant

Recordkeeping$4K1.5%
Investment mgmt$60K23.7%
Legal$14K5.6%
Other trustee fees$2K0.8%
Contract admin$113K44.7%
Other / not subdivided$60K23.7%

% of EOY assets

0.171%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $23,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,891

$88,479-59.4%

$96,538-62.8%

$80,169-55.2%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

14.50%

22.53%-8.0pp

35.74%-21.2pp

40.39%-25.9pp

Employer contribution / active EE

$950

$4,177-77.3%

$3,740-74.6%

$2,978-68.1%

Participant deferral / active EE

$1,223

$3,961-69.1%

$4,880-74.9%

$5,016-75.6%

Admin fee / account holder

$62

$211-70.9%

$6,737-99.1%

$145-57.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 28 · EIN 22-1211670

Investment Management

$661,217

WILLIAM C. EARHART CO., INC.9+ years

Filed as: WILLIAM C. EARHART CO., INC

Service code 13 · EIN 93-0509592

Contract Administrator

$113,077

GYL FINANCIAL SYNERGIES5 years

Filed as: GYL FINANCIAL SYNERGIES, LLC

Service code 27 · EIN 81-3263476

Advisory (Plan)

$60,000

NOVAK FRANCELLA LLC4 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$26,907

O'DONOGHUE & O'DONOGHUE9+ years

Filed as: O'DONOGHUE & O'DONOGHUE LLP

Service code 29 · EIN 53-0120528

Legal

$14,268

SHEET METAL WORKERS LOCAL 100 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL 100 401K 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