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FORM 5500 DATA

Badger Sheet Metal 401k Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2013 — 12/31/2013
  • Date of Plan01/01/1958
  • Net Assets as of 12/31/2013 $2,702,119
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2013

  • Active (Eligible) Participants100
  • Retired or separated participants receiving benefits23
  • Other retired or separated participants entitled to future benefits0
  • Subtotal123
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total123
  • Total number of participants as of 01/01/2013127
  • Number of participants with account balances94
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested8

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressPo Box 5875
  • CityDe Pere
  • StateWI
  • Zip54115
  • Telephone(920) 435-8881
  • EIN39-0144150
  • Industry Code332900
  • Named AdministratorGregory Decaster

Plan Administrator Information

  • Administrator NameBadger Sheet Metal Works, Inc.
  • AddressPo Box 5875
  • CityDe Pere
  • StateWI
  • Zip54115
  • Telephone(920) 435-8881
  • Administrator EIN39-0144150

Audit Information

  • Audit StatusAudited
  • AuditorSchenck Sc
  • Auditor EIN39-1173131
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $586,479
Contributions $251,041
Cash Contributions $251,041
Cash from Employers $53,670
Cash from Participants $195,717
Others (including rollovers) $1,654
Noncash Contributions $0
Total Earnings on Investments $335,438
Total Interest $335,438
Interest-Bearing Cash $334,312
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,126
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $84,356
Total Benefit Payments $64,860
Directly to participants or beneficiaries, including direct rollovers $64,860
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $19,496
Professional Fees $0
Contract Administrator Fees $19,496
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $502,123
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2013 12/31/2012 Change YOY
Total Assets $2,702,119 $2,199,996 22.82%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $32,674 $20,851 56.70%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,669,445 $2,179,145 22.50%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $2,702,119 $2,199,996 22.82%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Lincoln National Corporation Contract Administrator Service Provider $9,667 $0 $9,667
Stadion Money Management Investment advisory (participants) Service Provider $8,249 $0 $8,249
The Retirement Advantage Inc Recordkeeping and information management (computing, tabulating, data processing, etc.) TPA $1,580 $0 $1,580
Total $19,496 $0 $19,496

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lnl Satm Stadion Managed Moderate Lincoln National Corporation DFE: Pooled Separate Account $840,411
Lnl Satg Stadion Managed Growth Lincoln National Corporation DFE: Pooled Separate Account $651,473
Lnl Sal6 Lvip Ssga Bond Index Lincoln National Corporation DFE: Pooled Separate Account $86,361
Lnl Sala Ssga S&P Midcap Index Non- Lincoln National Corporation DFE: Pooled Separate Account $63,689
Lnl Sa65 Mfs Vit Growth Series Lincoln National Corporation DFE: Pooled Separate Account $59,850
Lnl Sal8 Ssga Russell Large Cap Val Lincoln National Corporation DFE: Pooled Separate Account $57,664
Lincoln Life Separate Account 4K Lincoln National Corporation DFE: Pooled Separate Account $35,705
Lnl Sal9 Ssga Russell Large Cap Gro Lincoln National Corporation DFE: Pooled Separate Account $35,153
Lnl Sa92 Lvip Blackrock Inflation P Lincoln National Corporation DFE: Pooled Separate Account $34,053
Lnl Satc Stadion Managed Conservati Lincoln National Corporation DFE: Pooled Separate Account $30,394
Lnl Sal4 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $28,921
Lnl Sa59 Lvip Vanguard Internationa Lincoln National Corporation DFE: Pooled Separate Account $28,254
Lnl Salb Ssga Russell Small Cap Val Lincoln National Corporation DFE: Pooled Separate Account $27,919
Lnl Sa27 Lvip Ssga S&P 500 Index Lincoln National Corporation DFE: Pooled Separate Account $23,014
Lnl Sa14 Federated Government Ultra Lincoln National Corporation DFE: Pooled Separate Account $22,516
Lnl Sa94 Oppenheimer Developing Mar Lincoln National Corporation DFE: Pooled Separate Account $19,376
Lnl Sa21 Vanguard Lifestrategy Mode Lincoln National Corporation DFE: Pooled Separate Account $19,350
Lnl Salc Ssga Russell Small Cap Gro Lincoln National Corporation DFE: Pooled Separate Account $18,891
Lnl Sa55 Lvip Clarion Global Real E Lincoln National Corporation DFE: Pooled Separate Account $17,876
Lnl Sa20 Franklin High Income Lincoln National Corporation DFE: Pooled Separate Account $12,859
Lnl Satb Stadion Managed Balanced Lincoln National Corporation DFE: Pooled Separate Account $8,496
Lnl Sa28 Invesco Growth and Income Lincoln National Corporation DFE: Pooled Separate Account $7,504
Lnl Sa30 Vanguard Lifestrategy Cons Lincoln National Corporation DFE: Pooled Separate Account $6,391
Lnl Sa32 Vanguard Lifestrategy Grow Lincoln National Corporation DFE: Pooled Separate Account $6,302
Lnl Salm Pimco Total Return Lincoln National Corporation DFE: Pooled Separate Account $2,715
Lnl Sal3 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $2,122
Lnl Sall Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $845
Lnl Sa17 Columbia Acorn Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa36 Lvip Ssga Smallcap Index Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal7 Lvip Delaware Special Oppo Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa22 Lvip Mondrian Int'L Value Lincoln National Corporation DFE: Pooled Separate Account $0
Total $2,148,104

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 111
EIN 35-0472300
Industry Code 65676
Contract Number 16069
Contract Year 01/01/2013 — 12/31/2013
Value in General Account at Year End $0
Value in Separate Accounts at Year End $2,669,445
Insurance Fees and Commissions $5,856
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Woodbury Financial Services Inc 7755 3Rd St Oakdale, MN 55128 -5442 Agent or Broker other than Insurance $4,390 $0 SALES AND BASE COMMISSIONS
The Retirement Advantage Inc 47 Park Pl Ste 850 Appleton, WI 54914 Third Party Administrator $0 $1,441 TPA AWARDS
Woodbury Financial Services Inc 7755 3Rd St Oakdale, MN 55128 -5442 Agent or Broker other than Insurance $0 $25 NON-MONETARY COMPENSATION TO SALES REP
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0