Retirement plan

SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL PENSION PLAN

Name: BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUP PENSION - SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL PENSION PLAN (2025) Form 5500
Creator: BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUP PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL PENSION PLAN, BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUP PENSION

BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUP PENSIONEIN 94-6560138Plan #001PY 2025

3240B CONSTITUTION DRIVE - LIVERMORE, CA 94551925-208-9994

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$1289M

+12.2% from 2024

Total participants

9,367

+0.6% from 2024

Average account balance

$137,608

+11.5% from 2024

Annual return

12.86%

+0.63 pp from 2024

Benchmarks

See 105 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort105 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29B

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

9,367

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

$61.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 8 by compensation

Provider	Service type	Compensation
BENESYS, INC.2 years Filed as: BENESYS ADMINISTRATORS Service code 13 · EIN 38-2383171	Contract Administrator	$376,818
NORTHWEST PLAN SERVICES, INC.5 years Service code 15 · EIN 91-2090931	Recordkeeping	$232,275
MAMMINI COMPANY INC.2 years Filed as: MAMMINI COMPANY, INC Service code 26 · EIN 47-0879697	Advisory (Participants)	$215,479
MATRIX TRUST COMPANY10+ years Service code 21 · EIN 75-3182674	Bank Trustee	$195,349
KRAW LAW GROUP2 years Filed as: KRAW LAW GROUP, APC Service code 29 · EIN 32-0465891	Legal	$127,024
SMART SOURCE LLC4 years Service code 36 · EIN 30-0830429	Direct payment from the plan; Copying...	$90,373
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027092	Accounting	$51,036
STEPHEN HORN INSURANCE SERVICES10+ years Service code 53 · EIN 94-3249244	Insurance Commissions	$14,621

Plan features & details

Pension benefit codes2C2E2F2G2J2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

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

$1.4M

$295 / participant

Trustee / custodial$5K0.3%
Investment mgmt$412K29.5%
Legal$127K9.1%
Other trustee fees$1K0.1%
Contract admin$597K42.8%
Other / not subdivided$253K18.1%

% of EOY assets

0.108%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $51,036
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,608

$98,776+39.3%

$119,126+15.5%

$89,670+53.5%

Participation rate

100.0%

83.1%+16.9pp

75.8%+24.2pp

71.2%+28.8pp

Annual return

12.86%

9.25%+3.6pp

282.11%-269.2pp

19.66%-6.8pp

Employer contribution / active EE

$11,134

$5,802+91.9%

$4,034+176.0%

$4,041+175.5%

Participant deferral / active EE

$1,971

$1,748+12.8%

$5,318-62.9%

$3,962-50.3%

Admin fee / account holder

$149

$230-35.4%

$10,693-98.6%

$352-57.7%

Provider

Service type

Compensation

BENESYS, INC.2 years

Filed as: BENESYS ADMINISTRATORS

Service code 13 · EIN 38-2383171

Contract Administrator

$376,818

NORTHWEST PLAN SERVICES, INC.5 years

Service code 15 · EIN 91-2090931

Recordkeeping

$232,275

MAMMINI COMPANY INC.2 years

Filed as: MAMMINI COMPANY, INC

Service code 26 · EIN 47-0879697

Advisory (Participants)

$215,479

MATRIX TRUST COMPANY10+ years

Service code 21 · EIN 75-3182674

Bank Trustee

$195,349

KRAW LAW GROUP2 years

Filed as: KRAW LAW GROUP, APC

Service code 29 · EIN 32-0465891

Legal

$127,024

SMART SOURCE LLC4 years

Service code 36 · EIN 30-0830429

Direct payment from the plan; Copying...

$90,373

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027092

Accounting

$51,036

STEPHEN HORN INSURANCE SERVICES10+ years

Service code 53 · EIN 94-3249244

Insurance Commissions

$14,621

SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL 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