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FORM 5500 DATA

IAM District Lodge W24 Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1990
  • Net Assets as of 12/31/2017 $65,488,986
  • Plan Number1
  • Plan Type Multi-Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants3,072
  • Retired or separated participants receiving benefits39
  • Other retired or separated participants entitled to future benefits279
  • Subtotal3,390
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total3,392
  • Total number of participants as of 01/01/20173,453
  • Number of participants with account balances872
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • AddressP.O. Box 550
  • CitySeattle
  • StateWA
  • Zip98111-0550
  • Telephone(206) 576-4813
  • EIN93-0396511
  • Industry Code333310
  • Named AdministratorTim C. Hill
  • Named Plan SponsorRobert C. Petroff

Plan Administrator Information

  • Administrator NameEb Management Company
  • AddressPo Box 550
  • CitySeattle
  • StateWA
  • Zip98111-0550
  • Telephone(206) 282-3205
  • Administrator EIN91-1467493

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0746749
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
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.

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? Yes $28,827
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 $2,000,000
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 $12,540,076
Contributions $2,856,251
Cash Contributions $2,856,251
Cash from Employers $0
Cash from Participants $2,718,705
Others (including rollovers) $137,546
Noncash Contributions $0
Total Earnings on Investments $9,683,825
Total Interest $27,400
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $27,400
Interest from Other Investments $0
Total Dividends $2,373,587
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 $99,186
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 $7,183,652
Other Income $0
Expenses $4,468,111
Total Benefit Payments $4,017,715
Directly to participants or beneficiaries, including direct rollovers $4,017,715
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $55,174
Interest expense $0
Total Administrative Expenses $395,222
Professional Fees $11,700
Contract Administrator Fees $269,155
Investment Advisory and management fees $60,000
Other Administrative Fees $54,367
Net Income $8,071,965
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $65,546,283 $57,425,887 14.14%
Total noninterest-bearing cash $13,633 $23,024 -40.79%
Receivables $50,406 $71,942 -29.94%
Employer Contributions $0 $0 0.0%
Participant Contributions $44,412 $66,889 -33.60%
Other Contributions $5,994 $5,053 18.62%
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 $830,284 $788,869 5.25%
Value of interest in common/collective trusts $6,028,591 $6,297,567 -4.27%
Value of interest in pooled separate accounts $0 $0 0.0%
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 $58,623,369 $50,244,485 16.68%
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 $57,297 $8,866 546.26%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $46,193 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $11,104 $8,866 25.24%
Net Assets $65,488,986 $57,417,021 14.06%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Lord Abbett Funds
  • American Funds
  • Vanguard
  • Morley Financial Services Inc.
  • T Rowe Price
  • Metropolitan West Funds
  • Prudential Funds
  • Victory Portfolios
  • Voya Funds
  • Dodge and Cox

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
Eb Management Company Plan Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Copying and duplicating, Participant loan processing, Participant communication, Direct payment from the plan, Recordkeeping fees NONE $269,155 $0 $269,155
Wells Fargo Advisors Investment advisory (participants), Investment advisory (plan), Direct payment from the plan NONE $60,000 $0 $60,000
Richard Ekman Trustee (individual), Direct payment from the plan Trustee $22,500 $0 $22,500
Cliftonlarsonallen LLP Accounting (including auditing), Direct payment from the plan NONE $11,700 $0 $11,700
Matrix Financial Solutions, Inc Custodial (securities), Sub-transfer agency fees, Distribution (12b-1) fees NONE $0 $0 $0
Total $363,355 $0 $363,355

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
Morley Stable Value Fund Principal Global Investors Trust Company DFE: Common/Collective Trust $6,028,591
Morley Stable Value Fund Union Bank & Trust Co DFE: Common/Collective Trust $0
Total $6,028,591

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.