Retirement plan

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

Name: BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUPPLEMENTAL - SMART, SHEET METAL WORKERS LOCAL NO. 104 SUPPLEMENTAL PENSION PLAN (2018) Form 5500
Creator: BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUPPLEMENTAL
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 SUPPLEMENTAL

BOARD OF TRUSTEES OF SMART, SHEET METAL WORKERS LOCAL 104 SUPPLEMENTALEIN 94-6560138Plan #001PY 2018

2610 CROW CANYON ROAD, SUITE 200 - SAN RAMON, CA 945831599925-208-9994

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$687.4M

-20.6% from 2017

Total participants

10,667

-18.5% from 2017

Average account balance

$64,441

-2.6% from 2017

Annual return

7.23%

-20.09 pp from 2017

Benchmarks

See 51 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort51 peers

Snapshot2018

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
SMW LOCAL 104 FEDERAL CREDIT UNION3+ years Service code 37 · EIN 94-1568968	Loan Processing	$388,163
BENESYS, INC.3+ years Service code 13 · EIN 38-2383171	Contract Administrator	$387,075
MATRIX TRUST COMPANY3+ years Service code 25 · EIN 75-3182674	Directed Trustee	$217,884
KRAW LAW GROUP3+ years Service code 29 · EIN 32-0465891	Legal	$120,030
LINDQUIST LLP3+ years Service code 10 · EIN 52-2385296	Accounting	$50,535
GRAND WEALTH MANAGEMENT LLC3+ years Filed as: GRAND FLOW Service code 36 · EIN 94-3211239	Copying and duplicating; Direct payme...	$40,732
THE BANK OF NEW YORK MELLON3+ years Filed as: MELLON CAPITAL MANAGEMENT Service code 19 · EIN 25-1442864	Securities Custodian	$25,654
WASHINGTON CAPITAL MANAGEMENT, INC.3+ years Filed as: WASHINGTON CAPITAL Service code 28 · EIN 91-1042342	Investment Management	$15,808
STEPHEN HORN INSURANCE SERVICES3+ years Service code 53 · EIN 94-3249244	Insurance Commissions	$8,077
KAUFMANN & GOBLE1 year Filed as: KAUFMANN AND GOBLE ASSOCIATES Service code 15 · EIN 94-2614826	Recordkeeping	$6,430

Reportable transactions (Schedule G)

22 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$1.3M

$259 / participant

Investment mgmt$260K19.3%
Contract admin$337K25.0%
Other / not subdivided$749K55.6%

% of EOY assets

0.196%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,441

$57,255+12.6%

$83,831-23.1%

$68,904-6.5%

Participation rate

100.0%

86.2%+13.8pp

76.1%+23.9pp

74.1%+25.9pp

Annual return

7.23%

-0.34%+7.6pp

850.99%-843.8pp

1.07%+6.2pp

Employer contribution / active EE

$9,300

$3,341+178.4%

$3,631+156.1%

$2,540+266.1%

Participant deferral / active EE

$1,154

$3,207-64.0%

$4,082-71.7%

$4,015-71.2%

Admin fee / account holder

$126

$103+22.0%

$5,479-97.7%

$71+76.9%

Provider

Service type

Compensation

SMW LOCAL 104 FEDERAL CREDIT UNION3+ years

Service code 37 · EIN 94-1568968

Loan Processing

$388,163

BENESYS, INC.3+ years

Service code 13 · EIN 38-2383171

Contract Administrator

$387,075

MATRIX TRUST COMPANY3+ years

Service code 25 · EIN 75-3182674

Directed Trustee

$217,884

KRAW LAW GROUP3+ years

Service code 29 · EIN 32-0465891

Legal

$120,030

LINDQUIST LLP3+ years

Service code 10 · EIN 52-2385296

Accounting

$50,535

GRAND WEALTH MANAGEMENT LLC3+ years

Filed as: GRAND FLOW

Service code 36 · EIN 94-3211239

Copying and duplicating; Direct payme...

$40,732

THE BANK OF NEW YORK MELLON3+ years

Filed as: MELLON CAPITAL MANAGEMENT

Service code 19 · EIN 25-1442864

Securities Custodian

$25,654

WASHINGTON CAPITAL MANAGEMENT, INC.3+ years

Filed as: WASHINGTON CAPITAL

Service code 28 · EIN 91-1042342

Investment Management

$15,808

STEPHEN HORN INSURANCE SERVICES3+ years

Service code 53 · EIN 94-3249244

Insurance Commissions

$8,077

KAUFMANN & GOBLE1 year

Filed as: KAUFMANN AND GOBLE ASSOCIATES

Service code 15 · EIN 94-2614826

Recordkeeping

$6,430

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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

Reportable transactions (Schedule G)

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