Retirement plan

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT

Name: JOINT BOARD OF TRUSTEES - SHEET METAL LOCAL 124 - SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT (2025) Form 5500
Creator: JOINT BOARD OF TRUSTEES - SHEET METAL LOCAL 124
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT, JOINT BOARD OF TRUSTEES - SHEET METAL LOCAL 124

JOINT BOARD OF TRUSTEES - SHEET METAL LOCAL 124EIN 73-6145795Plan #002PY 2025

3717 NW 63RD ST STE 100 - OKLAHOMA CITY, OK 73116405-848-4848

Other plans on this EIN

1 filing

#001Retirement-$57.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$37.9M

+8.9% from 2024

Total participants

456

+3.4% from 2024

Average account balance

$83,100

+5.3% from 2024

Annual return

11.52%

-0.65 pp from 2024

Benchmarks

See 98 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort98 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.89M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

456

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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 7 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS Service code 27 60 S 6TH ST · MINNEAPOLIS, MN 55402	Advisory (Plan)	$40,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 13 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$38,930
COX, CASTLE & NICHOLSON2 years Filed as: COX HOLSTED & DIMICK PLLC Service code 13 3717 NW 63RD ST, STE 100 · OKLAHOMA CITY, OK 73116	Contract Administrator	$28,908
MORROW & CO., LLC1 year Filed as: MORROW & CO LLC CPAS Service code 10 · EIN 48-1142797 10500 E BERKELEY SQ PKWY · WICHITA, KS 67206	Accounting	$16,250
MCAFEE & TAFT9 years Service code 29 · EIN 73-0781676 211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102	Legal	$12,667
IMA WEALTH INC2 years Filed as: IMA SELECT LLC Service code 23 · EIN 26-3811485 PO BOX 2996 · WICHITA, KS 67201	Insurance services; Direct payment fr...	$8,543
R. BRUCE TANNER & ASSOCIATES, INC.1 year Filed as: BRUCE KLEIN Service code 29 222 NW 13TH ST · OKLAHOMA CITY, OK 73103	Legal	$8,088

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$155K

$503 / participant

Recordkeeping$39K25.1%
Investment mgmt$40K25.7%
Legal$21K13.4%
Contract admin$29K18.6%
Other / not subdivided$27K17.2%

% of EOY assets

0.410%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MORROW & CO. LLC CPAS
Auditor EIN: 481142797
Audit fees: $16,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,100

$49,796+66.9%

$136,867-39.3%

$69,255+20.0%

Participation rate

100.0%

62.1%+37.9pp

74.5%+25.5pp

69.0%+31.0pp

Annual return

11.52%

12.45%-0.9pp

42.97%-31.4pp

26.73%-15.2pp

Employer contribution / active EE

$4,629

$2,044+126.5%

$3,547+30.5%

$2,645+75.0%

Participant deferral / active EE

$955

$2,062-53.7%

$4,924-80.6%

$2,890-67.0%

Admin fee / account holder

$341

$484-29.6%

$10,340-96.7%

$733-53.5%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS

Service code 27

60 S 6TH ST · MINNEAPOLIS, MN 55402

Advisory (Plan)

$40,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 13 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$38,930

COX, CASTLE & NICHOLSON2 years

Filed as: COX HOLSTED & DIMICK PLLC

Service code 13

3717 NW 63RD ST, STE 100 · OKLAHOMA CITY, OK 73116

Contract Administrator

$28,908

MORROW & CO., LLC1 year

Filed as: MORROW & CO LLC CPAS

Service code 10 · EIN 48-1142797

10500 E BERKELEY SQ PKWY · WICHITA, KS 67206

Accounting

$16,250

MCAFEE & TAFT9 years

Service code 29 · EIN 73-0781676

211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102

Legal

$12,667

IMA WEALTH INC2 years

Filed as: IMA SELECT LLC

Service code 23 · EIN 26-3811485

PO BOX 2996 · WICHITA, KS 67201

Insurance services; Direct payment fr...

$8,543

R. BRUCE TANNER & ASSOCIATES, INC.1 year

Filed as: BRUCE KLEIN

Service code 29

222 NW 13TH ST · OKLAHOMA CITY, OK 73103

Legal

$8,088

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT

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