Retirement plan

IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN

Name: IAM DISTRICT LODGE W24 RSP - IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: IAM DISTRICT LODGE W24 RSP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN, IAM DISTRICT LODGE W24 RSP

IAM DISTRICT LODGE W24 RSPEIN 93-0396511Plan #001PY 2017

P.O. BOX 550 - SEATTLE, WA 981110550206-576-4813

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$65.5M

+14.1% from 2016

Total participants

3,392

-1.8% from 2016

Average account balance

$75,168

+11.0% from 2016

Annual return

16.40%

+8.30 pp from 2016

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.97M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

2,903

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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
HS MANAGEMENT PARTNERS, LLC3+ years Filed as: EB MANAGEMENT COMPANY Service code 14 · EIN 91-1467493 PO BOX 550 · SEATTLE, WA 981110550	Plan Administrator	$269,155
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 23-2384840 222 COLUMBIA ST, SUITE 1825 · PORTLAND, OR 97201	Advisory (Participants)	$60,000
LAW OFFICE OF RICHARD A. EKMAN, P.S3+ years Filed as: RICHARD EKMAN Service code 20 220 WEST MERCER STREET, SUITE 400 · SEATTLE, WA 98119	Direct payment from the plan; Trustee...	$22,500
CLIFTONLARSONALLEN LLP3+ years Service code 10 · EIN 41-0746749 10700 NORTHRUP WAY, SUITE 200 · BELLEVUE, WA 98004	Accounting	$11,700
NEWPORT GROUP, INC.2 years Filed as: MATRIX FINANCIAL SOLUTIONS, INC Service code 19 · EIN 20-1591048	Securities Custodian	$0

Plan features & details

Pension benefit codes2G2J2T

Plan features

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$395K

$129 / participant

Investment mgmt$60K15.2%
Contract admin$269K68.1%
Other / not subdivided$66K16.7%

% of EOY assets

0.603%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,168

$88,730-15.3%

$82,312-8.7%

$77,958-3.6%

Participation rate

18.0%

84.5%-66.6pp

76.9%-58.9pp

71.6%-53.7pp

Annual return

16.40%

20.88%-4.5pp

25.88%-9.5pp

20.87%-4.5pp

Employer contribution / active EE

$2,758-100.0%

$2,428-100.0%

$2,310-100.0%

Participant deferral / active EE

$885

$4,634-80.9%

$3,706-76.1%

$3,537-75.0%

Admin fee / account holder

$453

$74+512.6%

$5,608-91.9%

$97+365.4%

Provider

Service type

Compensation

HS MANAGEMENT PARTNERS, LLC3+ years

Filed as: EB MANAGEMENT COMPANY

Service code 14 · EIN 91-1467493

PO BOX 550 · SEATTLE, WA 981110550

Plan Administrator

$269,155

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 23-2384840

222 COLUMBIA ST, SUITE 1825 · PORTLAND, OR 97201

Advisory (Participants)

$60,000

LAW OFFICE OF RICHARD A. EKMAN, P.S3+ years

Filed as: RICHARD EKMAN

Service code 20

220 WEST MERCER STREET, SUITE 400 · SEATTLE, WA 98119

Direct payment from the plan; Trustee...

$22,500

CLIFTONLARSONALLEN LLP3+ years

Service code 10 · EIN 41-0746749

10700 NORTHRUP WAY, SUITE 200 · BELLEVUE, WA 98004

Accounting

$11,700

NEWPORT GROUP, INC.2 years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC

Service code 19 · EIN 20-1591048

Securities Custodian

IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IAM DISTRICT LODGE W24 RETIREMENT SAVINGS 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