Retirement plan

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT PLAN

Name: JT BD OF TTEES- SHEET METAL LCL 124 - SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT PLAN (2016) Form 5500
Creator: JT BD OF TTEES- SHEET METAL LCL 124
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT PLAN, JT BD OF TTEES- SHEET METAL LCL 124

JT BD OF TTEES- SHEET METAL LCL 124EIN 73-6145795Plan #002PY 2016

3717 NW 63RD STREET SUITE 100 - OKLAHOMA CITY, OK 73116405-848-4848

Other plans on this EIN

1 filing

#001Retirement-$30.4M assets

Prospect flagsHigh retiree %Low returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$25.4M

No prior year

Total participants

508

No prior year

Average account balance

No prior year

Annual return

-0.02%

No prior year

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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 5 by compensation

Provider	Service type	Compensation
DAILY ACCESS CORPORATION1+ years Service code 15 · EIN 63-1156117 307 UNIVERSITY BOULEVARD NORTH · MOBILE, AL 36688	Recordkeeping	$59,062
DIMICK, HYDE, & LEWIS, PC1+ years Filed as: DIMICK GREEN GROWN & STARK Service code 13 · EIN 73-1158890 3717 NW 63RD STREET SUITE 100 · OKLAHOMA CITY, OK 73116	Contract Administrator	$28,932
CASEY CIRILLO1+ years Filed as: CASEY J. RUSSELL, CPA, INC. Service code 10 · EIN 73-1349920 2812 NW 57TH STE 102 · OKLAHOMA CITY, OK 73112	Accounting	$8,000
WILLIS TOWERS WATSON US LLC1+ years Filed as: WILLIS OF OKLAHOMA, INC. Service code 23 · EIN 73-1350577 TWO LEADERSHIP SQUARE · OKLAHOMA CITY, OK 73102	Insurance services	$7,293
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 28 · EIN 13-5674085 4 WORKD FINANCIAL CENTER · NEW Y ORK, NY 10281	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2J3D

Plan features

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$169K

$517 / participant

Investment mgmt$59K35.0%
Contract admin$29K17.1%
Other / not subdivided$81K47.9%

% of EOY assets

0.666%

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: CASEY J. RUSSELL CPA, INC.
Auditor EIN: 731349920
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,802-100.0%

$133,975-100.0%

$57,658-100.0%

Participation rate

0.0%

85.5%-85.5pp

87.1%-87.1pp

70.2%-70.2pp

Annual return

-0.02%

13.51%-13.5pp

29.29%-29.3pp

5.13%-5.1pp

Employer contribution / active EE

$555

$3,161-82.5%

$5,211-89.4%

$1,974-71.9%

Participant deferral / active EE

$619

$4,606-86.6%

$6,282-90.1%

$3,061-79.8%

Admin fee / account holder

$88-100.0%

$9,324-100.0%

$95-100.0%

Provider

Service type

Compensation

DAILY ACCESS CORPORATION1+ years

Service code 15 · EIN 63-1156117

307 UNIVERSITY BOULEVARD NORTH · MOBILE, AL 36688

Recordkeeping

$59,062

DIMICK, HYDE, & LEWIS, PC1+ years

Filed as: DIMICK GREEN GROWN & STARK

Service code 13 · EIN 73-1158890

3717 NW 63RD STREET SUITE 100 · OKLAHOMA CITY, OK 73116

Contract Administrator

$28,932

CASEY CIRILLO1+ years

Filed as: CASEY J. RUSSELL, CPA, INC.

Service code 10 · EIN 73-1349920

2812 NW 57TH STE 102 · OKLAHOMA CITY, OK 73112

Accounting

$8,000

WILLIS TOWERS WATSON US LLC1+ years

Filed as: WILLIS OF OKLAHOMA, INC.

Service code 23 · EIN 73-1350577

TWO LEADERSHIP SQUARE · OKLAHOMA CITY, OK 73102

Insurance services

$7,293

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 28 · EIN 13-5674085

4 WORKD FINANCIAL CENTER · NEW Y ORK, NY 10281

Investment Management

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETIREMENT 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