Retirement plan

IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS

Name: BOT - OREGON SHEET METAL WORKERS MASTER RETIREMENT TRUST - IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS (2023) Form 5500
Creator: BOT - OREGON SHEET METAL WORKERS MASTER RETIREMENT TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS, BOT - OREGON SHEET METAL WORKERS MASTER RETIREMENT TRUST

BOT - OREGON SHEET METAL WORKERS MASTER RETIREMENT TRUSTEIN 93-6018501Plan #002PY 2023

12029 NE GLENN WIDING DRIVE - PORTLAND, OR 97220503-282-5581

Other plans on this EIN

1 filing

#001Retirement-$487.2M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$57.8M

-2.5% from 2016

Total participants

1,378

-5.9% from 2016

Average account balance

$41,964

+3.6% from 2016

Annual return

15.58%

-3.91 pp from 2016

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.71M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

1,393

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

$2.51M

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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
WILLIAM C. EARHART CO., INC.9+ years Filed as: THE WILLIAM C. EARHART COMPANY INC. Service code 13 · EIN 93-0509592	Contract Administrator	$79,114
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK RETIREMENT SERVICE Service code 14 · EIN 01-0233346	Plan Administrator	$71,549
CLIFTONLARSONALLEN LLP9+ years Service code 10 · EIN 41-0746749	Accounting	$26,979
OGLETREE DEAKINS7 years Filed as: OGLETREE, DEAKINS, NASH, ET AL. Service code 29 · EIN 57-1044820	Legal	$22,555
VERUS2 years Filed as: VERUS ADVISORY, INC Service code 16 · EIN 91-1320111	Consulting	$16,792

Plan features & details

Pension benefit codes2E2J2K2F2G

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

1 tripped

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

$252K

$367 / participant

Trustee / custodial$2100.1%
Investment mgmt$17K6.7%
Legal$23K9.0%
Other trustee fees$2060.1%
Contract admin$150K59.4%
Other / not subdivided$62K24.8%

% of EOY assets

0.435%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410476749
Audit fees: $26,979
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,964

$93,010-54.9%

$96,543-56.5%

$74,478-43.7%

Participation rate

100.0%

71.6%+28.4pp

74.3%+25.7pp

70.7%+29.3pp

Annual return

15.58%

37.50%-21.9pp

35.75%-20.2pp

34.37%-18.8pp

Employer contribution / active EE

$3,427-100.0%

$3,741-100.0%

$2,637-100.0%

Participant deferral / active EE

$3,310

$3,971-16.6%

$4,880-32.2%

$4,530-26.9%

Admin fee / account holder

$183

$633-71.1%

$6,737-97.3%

$347-47.4%

Provider

Service type

Compensation

WILLIAM C. EARHART CO., INC.9+ years

Filed as: THE WILLIAM C. EARHART COMPANY INC.

Service code 13 · EIN 93-0509592

Contract Administrator

$79,114

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK RETIREMENT SERVICE

Service code 14 · EIN 01-0233346

Plan Administrator

$71,549

CLIFTONLARSONALLEN LLP9+ years

Service code 10 · EIN 41-0746749

Accounting

$26,979

OGLETREE DEAKINS7 years

Filed as: OGLETREE, DEAKINS, NASH, ET AL.

Service code 29 · EIN 57-1044820

Legal

$22,555

VERUS2 years

Filed as: VERUS ADVISORY, INC

Service code 16 · EIN 91-1320111

Consulting

$16,792

IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IND ACCT PLAN FOR THE OREGON SHEET METAL WORKERS

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