Retirement plan

SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PENSION PLAN

Name: BOARD OF TRUSTEES SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PLAN - SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PENSION PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PENSION PLAN, BOARD OF TRUSTEES SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PLAN

BOARD OF TRUSTEES SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PLANEIN 74-2846833Plan #001PY 2024

6121 INDIAN SCHOOL RD NE STE 123 - ALBUQUERQUE, NM 871103102505-265-8422

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$22.5M

+26.2% from 2023

Total participants

1,033

+2.2% from 2023

Average account balance

$21,822

+23.5% from 2023

Annual return

21.83%

+31.13 pp from 2023

Benchmarks

See 1,033 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,033 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.51M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

997

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

$1.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+4.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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
ONEDIGITAL INVESTMENT ADVISORS LLC6 years Filed as: ONE AMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$112,664
MATRIX TRUST COMPANY3 years Filed as: MATRIX TRUST CO Service code 15 · EIN 75-3182674	Recordkeeping	$103,505
SOUTHWEST SERVICE ADMINISTRATORS9+ years Service code 13 · EIN 86-0785790	Contract Administrator	$28,247
MMA SECURITIES LLC1 year Filed as: MARSH & MCLENNON Service code 23 1166 AVENUE OF THE AMERICAS · NEW YORK CITY, NY 10036	Insurance services	$11,724
BALDWIN & BALDWIN PLLC3 years Filed as: BALDWIN MOFFITT BEHM LLP Service code 10 · EIN 46-4370753	Accounting	$8,106
RYAN LABS ASSET MANAGEMENT1 year Filed as: RYAN RAPP PACHECO & KELLEY PLC Service code 29 · EIN 86-0767091	Legal	$6,035
KELLEY FINANCIAL SERVICES, INC.1 year Filed as: KELLEY LAW GROUP Service code 29 3800 N CENTRAL AVE. STE 530 · PHOENIX, AZ 85012	Legal	$5,764

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$188K

$228 / participant

Recordkeeping$14K7.7%
Investment mgmt$104K55.1%
Legal$12K6.3%
Other trustee fees$5K2.5%
Contract admin$25K13.3%
Other / not subdivided$29K15.2%

% of EOY assets

0.834%

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: BALDWIN MOFFITT BEHM LLP
Auditor EIN: 464370753
Audit fees: $8,106
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,822

$66,009-66.9%

$81,780-73.3%

$77,692-71.9%

Participation rate

100.0%

65.8%+34.2pp

72.4%+27.6pp

70.6%+29.4pp

Annual return

21.83%

26.66%-4.8pp

776.27%-754.4pp

31.25%-9.4pp

Employer contribution / active EE

$464

$2,374-80.4%

$2,914-84.1%

$2,726-83.0%

Participant deferral / active EE

$2,077

$3,510-40.8%

$4,321-51.9%

$4,648-55.3%

Admin fee / account holder

$182

$527-65.5%

$7,384-97.5%

$431-57.7%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC6 years

Filed as: ONE AMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$112,664

MATRIX TRUST COMPANY3 years

Filed as: MATRIX TRUST CO

Service code 15 · EIN 75-3182674

Recordkeeping

$103,505

SOUTHWEST SERVICE ADMINISTRATORS9+ years

Service code 13 · EIN 86-0785790

Contract Administrator

$28,247

MMA SECURITIES LLC1 year

Filed as: MARSH & MCLENNON

Service code 23

1166 AVENUE OF THE AMERICAS · NEW YORK CITY, NY 10036

Insurance services

$11,724

BALDWIN & BALDWIN PLLC3 years

Filed as: BALDWIN MOFFITT BEHM LLP

Service code 10 · EIN 46-4370753

Accounting

$8,106

RYAN LABS ASSET MANAGEMENT1 year

Filed as: RYAN RAPP PACHECO & KELLEY PLC

Service code 29 · EIN 86-0767091

Legal

$6,035

KELLEY FINANCIAL SERVICES, INC.1 year

Filed as: KELLEY LAW GROUP

Service code 29

3800 N CENTRAL AVE. STE 530 · PHOENIX, AZ 85012

Legal

$5,764

SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SM WORKERS LOCAL 49 DEFINED CONTRIBUTION PENSION 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