Retirement plan

IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN

Name: IAM DISTRICT LODGE W24 RSP - IAM DISTRICT LODGE W24 RETIREMENT SAVINGS PLAN (2018) 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 2018

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

Prospect flagsHigh feesLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$59.7M

-8.9% from 2017

Total participants

3,472

+2.4% from 2017

Average account balance

$68,811

-8.5% from 2017

Annual return

-5.10%

-21.50 pp from 2017

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

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, LLC4+ years Filed as: EB MANAGEMENT COMPANY Service code 14 · EIN 91-1467493 PO BOX 550 · SEATTLE, WA 981110550	Plan Administrator	$233,503
WELLS FARGO BANK, N.A.4+ 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.S4+ years Filed as: RICHARD EKMAN Service code 20 220 WEST MERCER STREET, SUITE 400 · SEATTLE, WA 98119	Trustee (individual); Direct payment ...	$24,000
CLIFTONLARSONALLEN LLP4+ years Service code 10 · EIN 41-0746749 10700 NORTHRUP WAY, SUITE 200 · BELLEVUE, WA 98004	Accounting	$17,902
NEWPORT GROUP, INC.3 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

4 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.
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

$368K

$118 / participant

Investment mgmt$60K16.3%
Contract admin$234K63.5%
Other / not subdivided$74K20.2%

% of EOY assets

0.616%

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

$68,811

$78,852-12.7%

$76,767-10.4%

$75,289-8.6%

Participation rate

16.7%

85.0%-68.3pp

77.0%-60.3pp

72.4%-55.7pp

Annual return

-5.10%

-1.29%-3.8pp

2.43%-7.5pp

-0.04%-5.1pp

Employer contribution / active EE

$2,794-100.0%

$2,485-100.0%

$2,405-100.0%

Participant deferral / active EE

$995

$4,800-79.3%

$3,852-74.2%

$3,739-73.4%

Admin fee / account holder

$424

$79+436.6%

$6,675-93.7%

$102+314.3%

Provider

Service type

Compensation

HS MANAGEMENT PARTNERS, LLC4+ years

Filed as: EB MANAGEMENT COMPANY

Service code 14 · EIN 91-1467493

PO BOX 550 · SEATTLE, WA 981110550

Plan Administrator

$233,503

WELLS FARGO BANK, N.A.4+ 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.S4+ years

Filed as: RICHARD EKMAN

Service code 20

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

Trustee (individual); Direct payment ...

$24,000

CLIFTONLARSONALLEN LLP4+ years

Service code 10 · EIN 41-0746749

10700 NORTHRUP WAY, SUITE 200 · BELLEVUE, WA 98004

Accounting

$17,902

NEWPORT GROUP, INC.3 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