Back to top
FORM 5500 DATA

Badger Sheet Metal 401k Plan and Trust

Overview

Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan01/01/1958
  • Net Assets as of 12/31/2015 $1,899,113
  • 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 12/31/2015

  • Active (Eligible) Participants92
  • Retired or separated participants receiving benefits17
  • Other retired or separated participants entitled to future benefits0
  • Subtotal109
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total109
  • Total number of participants as of 01/01/2015112
  • Number of participants with account balances80
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested18

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 $145,089
Contributions $224,764
Cash Contributions $224,764
Cash from Employers $0
Cash from Participants $176,057
Others (including rollovers) $48,707
Noncash Contributions $0
Total Earnings on Investments $-79,675
Total Interest $4,323
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $4,323
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 $-83,998
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 $722,658
Total Benefit Payments $710,188
Directly to participants or beneficiaries, including direct rollovers $710,188
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 $12,470
Professional Fees $0
Contract Administrator Fees $12,470
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-577,569
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $1,899,113 $2,476,682 -23.32%
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 $70,607 $91,106 -22.50%
Value of interest in common/collective trusts $1,575,902 $0 0.0%
Value of interest in pooled separate accounts $111,759 $2,385,576 -95.32%
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 $50,417 $0 0.0%
Value of funds held in insurance co. general account $90,428 $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 $1,899,113 $2,476,682 -23.32%

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
Baird Insurance Services Inc Other services, Other commissions Other Serivces $0 $23,380 $23,380
Stadion Money Management Investment advisory (participants) Service Provider $5,755 $0 $5,755
Lincoln National Corporation Contract Administrator Service Provider $4,592 $0 $4,592
Principal Life Insurance Company Contract Administrator, Participant loan processing, Direct payment from the plan, Recordkeeping fees Contract Administrator $1,638 $0 $1,638
The Retirement Advantage Inc Recordkeeping and information management (computing, tabulating, data processing, etc.) TPA $485 $0 $485
Total $12,470 $23,380 $35,850

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Baird Insurance Services Inc Principal Life Insurance Company Other services, Other commissions Commissions $23,380
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Prin Trust Tgt 2020 Fd R3 Principal Trust Company DFE: Common/Collective Trust $392,845
Prin Trust Tgt 2015 Fd R3 Principal Trust Company DFE: Common/Collective Trust $319,612
Prin Trust Tgt 2030 Fd R3 Principal Trust Company DFE: Common/Collective Trust $172,085
Prin Trust Tgt 2040 Fd R3 Principal Trust Company DFE: Common/Collective Trust $164,947
Prin Trust Tgt 2045 Fd R3 Principal Trust Company DFE: Common/Collective Trust $160,093
Prin Trust Tgt 2035 Fd R3 Principal Trust Company DFE: Common/Collective Trust $157,782
Prin Trust Tgt 2025 Fd R3 Principal Trust Company DFE: Common/Collective Trust $152,934
Prin Trust Tgt 2050 Fd R3 Principal Trust Company DFE: Common/Collective Trust $37,449
Prin Real Estate Secs Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $23,371
Prin Largecap Growth I Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $17,910
Prin Diversified Intl Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $14,768
Prin Midcap S&P 400 Idx Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $14,504
Prin Smcap S&P 600 Index Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $12,629
Prin Intl Equity Index Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $10,457
Prin Trust Tgt 2055 Fd R3 Principal Trust Company DFE: Common/Collective Trust $10,046
Principal Bond Mkt Index Sa-R3 Principal Life Insurance DFE: Pooled Separate Account $9,649
Prin Trust Income Fund R3 Principal Trust Company DFE: Common/Collective Trust $8,108
Prin Lgcap S&P 500 Index Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $2,907
Prin Midcap Value III Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $2,237
Prin Smallcap Value II Sa-R3 Principal Life Insurance Company DFE: Pooled Separate Account $2,210
Prin Midcap Growth Sep Acct-R3 Principal Life Insurance Company DFE: Pooled Separate Account $1,117
Lnl Satb Stadion Managed Balanced The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Satg Stadion Managed Growth The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Prin Trust Tgt 2010 Fd R3 Principal Trust Company DFE: Common/Collective Trust $0
Lnl Sa32 Vanguard Lifestrategy Grow The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Salm Pimco Total Return The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sall Lvip Managed Risk Profile The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Salc Ssga Russell Small Cap Gro The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Sa92 Lvip Blackrock Infl Protected The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa86 Templeton Global Bond Vip The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa65 Mfs Vit Growth Series The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa59 Lvip Vanguard Internationa The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa55 Lvip Clarion Global Real E The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa30 Vanguard Lifestrategy Cons The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa28 Invesco Growth and Income The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa27 Lvip Ssga S&P 500 Index The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa21 Vanguard Lifestrategy Mode The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa20 Franklin High Income The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa94 Oppenheimer Developing Mar The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lincoln Life Separate Account 4K The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Salb Ssga Russell Small Cap Val The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sala Ssga S&P Midcap Index Non- The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal9 Ssga Russell Large Cap Gro The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal8 Ssga Russell Large Cap Val The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal6 Lvip Ssga Bond Index The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Satm Stadion Managed Moderate The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Satc Stadion Managed Conservati The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal4 Lvip Managed Risk Profile The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal3 Lvip Managed Risk Profile The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sal2 Lvip Managed Risk Profile The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Lnl Sa14 Federated Government Ultra The Lincoln National Life Ins Co DFE: Pooled Separate Account $0
Total $1,687,660

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 104
EIN 35-0472300
Industry Code 65676
Contract Number 16069
Contract Year 01/01/2015 — 12/31/2015
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $3,893
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 $3,020 $0 SALES AND BASE COMMISSIONS
The Retirement Advantage Inc 47 Park Pl Ste 850 Appleton, WI 54914 Third Party Administrator $0 $843 TPA AWARDS
Woodbury Financial Services Inc 7755 3Rd St Oakdale, MN 55128 -5442 Agent or Broker other than Insurance $0 $30 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 OTHER-GROUP VAR ANNUITY W/GUAR FUND
Balance at the end of the previous year $542,635
Additions $17,514
Contributions Deposited during the year $9,622
Dividends and credits $0
Interest credited during the year $3,548
Transferred from separate account $3,007
Other $1,337
Total of Balance and Additions $560,149
Deductions $560,149
Disbursed from fund to pay benefits or purchase annuities during the year $550,775
Administration charge made by carrier $967
Transferred to Separate Account $7,402
Other $1,005
Balance at the end of the current year $0
Principal Life Insurance Compay 104
EIN 42-0127290
Industry Code 61271
Contract Number 613953
Contract Year 07/01/2015 — 12/31/2015
Value in General Account at Year End $0
Value in Separate Accounts at Year End $111,759
Insurance Fees and Commissions $27
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Baird Insurance Services Inc 777 E Wisconsin Ave Milwaukee, WI 53202 -5300 Insurance Agent or Broker $16 $0 SALES AND BASE COMMISSIONS
The Retirement Advantage Inc 47 Park Place Ste 850 Appleton, WI 54914 Insurance Agent or Broker $0 $11 REFERRAL/SERVICE FEE
Allocated Funds
Type of Contract CUSTODICAL GUARANTEED INTEREST CONTRACT
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 Custodical Guaranteed Interest Contract
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $90,700
Contributions Deposited during the year $1,695
Dividends and credits $0
Interest credited during the year $440
Transferred from separate account $0
Other $88,565
Total of Balance and Additions $90,700
Deductions $272
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 $272
Balance at the end of the current year $90,428