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SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 401k Plan overview

Plan NameSHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN
Plan identification number 501

SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Death benefits (include travel accident but not life insurance)

401k Sponsoring company profile

SHEET METAL WORKERS INTERNATIONAL ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:SHEET METAL WORKERS INTERNATIONAL ASSOCIATION
Employer identification number (EIN):740894880
NAIC Classification:235610
NAIC Description: Roofing, Siding, and Sheet Metal Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012013-06-30TRUSTEE TRUSTEE2015-07-09
5012012-07-01TRUSTEE TRUSTEE2014-04-14
5012011-07-01TRUSTEE TRUSTEE2013-04-14
5012009-07-01TRUSTEE TRUSTEE2011-04-15

Plan Statistics for SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN

401k plan membership statisitcs for SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN

Measure Date Value
2013: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2013 401k membership
Total participants, beginning-of-year2013-06-30641
Total number of active participants reported on line 7a of the Form 55002013-06-300
Number of retired or separated participants receiving benefits2013-06-300
Number of other retired or separated participants entitled to future benefits2013-06-300
Total of all active and inactive participants2013-06-300
Number of employers contributing to the scheme2013-06-300
2012: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-01612
Total number of active participants reported on line 7a of the Form 55002012-07-01641
Number of retired or separated participants receiving benefits2012-07-0122
Total of all active and inactive participants2012-07-01663
2011: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-01631
Total number of active participants reported on line 7a of the Form 55002011-07-01612
Number of retired or separated participants receiving benefits2011-07-0121
Total of all active and inactive participants2011-07-01633
2009: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-01600
Total number of active participants reported on line 7a of the Form 55002009-07-01598
Number of retired or separated participants receiving benefits2009-07-0120
Total of all active and inactive participants2009-07-01618

Financial Data on SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN

Measure Date Value
2013 : SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2013 401k financial data
Total transfer of assets from this plan2013-12-31$1,922,935
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,530,432
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$12,904,172
Total income from all sources (including contributions)2013-12-31$12,591,328
Total loss/gain on sale of assets2013-12-31$112,185
Total of all expenses incurred2013-12-31$4,061,358
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$3,859,315
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,999,169
Value of total assets at end of year2013-12-31$2,530,432
Value of total assets at beginning of year2013-12-31$4,374,202
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$202,043
Total interest from all sources2013-12-31$27,417
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$44,471
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$186,388
Participant contributions at beginning of year2013-12-31$403,640
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$6,361
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$60,085
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$1,464
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$2,325,426
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$11,189,215
Other income not declared elsewhere2013-12-31$10,452,557
Administrative expenses (other) incurred2013-12-31$25,462
Liabilities. Value of operating payables at beginning of year2013-12-31$126,189
Total non interest bearing cash at beginning of year2013-12-31$16,421
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$8,529,970
Value of net assets at end of year (total assets less liabilities)2013-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$-8,529,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$54,708
Interest earned on other investments2013-12-31$27,417
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$2,072,967
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$582,422
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$582,422
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$416,185
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,806,420
Employer contributions (assets) at end of year2013-12-31$397,380
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$3,443,130
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$3,370,255
Contract administrator fees2013-12-31$77,402
Liabilities. Value of benefit claims payable at end of year2013-12-31$205,006
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$1,588,768
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$1,662,185
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,550,000
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31GARDENIER & ASSOCIATES, PLLC
Accountancy firm EIN2013-12-31272988248
Unrealized appreciation/depreciation of other (non real estate) assets2013-06-30$-34,518
Total unrealized appreciation/depreciation of assets2013-06-30$-34,518
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$12,904,172
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-06-30$14,883,790
Total income from all sources (including contributions)2013-06-30$5,080,011
Total loss/gain on sale of assets2013-06-30$-81,714
Total of all expenses incurred2013-06-30$6,683,214
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-06-30$6,407,087
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-06-30$3,068,403
Value of total assets at end of year2013-06-30$4,374,202
Value of total assets at beginning of year2013-06-30$7,957,023
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-06-30$276,127
Total interest from all sources2013-06-30$203,319
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-06-30No
Administrative expenses professional fees incurred2013-06-30$83,390
Was this plan covered by a fidelity bond2013-06-30Yes
Value of fidelity bond cover2013-06-30$2,000,000
If this is an individual account plan, was there a blackout period2013-06-30No
Were there any nonexempt tranactions with any party-in-interest2013-06-30No
Contributions received from participants2013-06-30$197,925
Participant contributions at end of year2013-06-30$403,640
Participant contributions at beginning of year2013-06-30$413,395
Income. Received or receivable in cash from other sources (including rollovers)2013-06-30$16,056
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-06-30$1,464
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-06-30$181,126
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-06-30$11,189,215
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-06-30$13,273,859
Other income not declared elsewhere2013-06-30$1,924,521
Administrative expenses (other) incurred2013-06-30$29,184
Liabilities. Value of operating payables at end of year2013-06-30$126,189
Liabilities. Value of operating payables at beginning of year2013-06-30$136,429
Total non interest bearing cash at end of year2013-06-30$16,421
Total non interest bearing cash at beginning of year2013-06-30$14,710
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Value of net income/loss2013-06-30$-1,603,203
Value of net assets at end of year (total assets less liabilities)2013-06-30$-8,529,970
Value of net assets at beginning of year (total assets less liabilities)2013-06-30$-6,926,767
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2013-06-30No
Were any leases to which the plan was party in default or uncollectible2013-06-30No
Interest earned on other investments2013-06-30$203,319
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-06-30$582,422
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-06-30$229,257
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-06-30$229,257
Expenses. Payments to insurance carriers foe the provision of benefits2013-06-30$908,573
Asset value of US Government securities at beginning of year2013-06-30$4,121,664
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-06-30Yes
Was there a failure to transmit to the plan any participant contributions2013-06-30No
Has the plan failed to provide any benefit when due under the plan2013-06-30No
Contributions received in cash from employer2013-06-30$2,854,422
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-06-30$5,498,514
Asset. Corporate debt instrument debt (other) at end of year2013-06-30$3,370,255
Asset. Corporate debt instrument debt (other) at beginning of year2013-06-30$2,996,871
Contract administrator fees2013-06-30$163,553
Liabilities. Value of benefit claims payable at end of year2013-06-30$1,588,768
Liabilities. Value of benefit claims payable at beginning of year2013-06-30$1,473,502
Did the plan have assets held for investment2013-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-06-30No
Aggregate proceeds on sale of assets2013-06-30$17,890,185
Aggregate carrying amount (costs) on sale of assets2013-06-30$17,971,899
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-06-30No
Opinion of an independent qualified public accountant for this plan2013-06-30Unqualified
Accountancy firm name2013-06-30GARDENIER & ASSOCIATES, PLLC
Accountancy firm EIN2013-06-30272988248
2012 : SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-06-30$-5,794
Total unrealized appreciation/depreciation of assets2012-06-30$-5,794
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-06-30$14,883,790
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-06-30$12,744,218
Total income from all sources (including contributions)2012-06-30$860,436
Total loss/gain on sale of assets2012-06-30$-3,008
Total of all expenses incurred2012-06-30$5,409,719
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-06-30$5,096,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-06-30$2,667,127
Value of total assets at end of year2012-06-30$7,957,023
Value of total assets at beginning of year2012-06-30$10,366,734
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-06-30$313,639
Total interest from all sources2012-06-30$291,563
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-06-30No
Administrative expenses professional fees incurred2012-06-30$46,184
Was this plan covered by a fidelity bond2012-06-30Yes
Value of fidelity bond cover2012-06-30$2,000,000
If this is an individual account plan, was there a blackout period2012-06-30No
Were there any nonexempt tranactions with any party-in-interest2012-06-30No
Contributions received from participants2012-06-30$196,079
Participant contributions at end of year2012-06-30$413,395
Participant contributions at beginning of year2012-06-30$621,305
Income. Received or receivable in cash from other sources (including rollovers)2012-06-30$197,084
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-06-30$254,088
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-06-30$181,126
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-06-30$59,873
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-06-30$13,273,859
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-06-30$11,277,937
Other income not declared elsewhere2012-06-30$-2,089,452
Administrative expenses (other) incurred2012-06-30$53,321
Liabilities. Value of operating payables at end of year2012-06-30$136,429
Liabilities. Value of operating payables at beginning of year2012-06-30$39,544
Total non interest bearing cash at end of year2012-06-30$14,710
Total non interest bearing cash at beginning of year2012-06-30$179,506
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Value of net income/loss2012-06-30$-4,549,283
Value of net assets at end of year (total assets less liabilities)2012-06-30$-6,926,767
Value of net assets at beginning of year (total assets less liabilities)2012-06-30$-2,377,484
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2012-06-30No
Were any leases to which the plan was party in default or uncollectible2012-06-30No
Investment advisory and management fees2012-06-30$57,827
Interest earned on other investments2012-06-30$291,563
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-06-30$229,257
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-06-30$731,997
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-06-30$731,997
Expenses. Payments to insurance carriers foe the provision of benefits2012-06-30$878,863
Asset value of US Government securities at end of year2012-06-30$4,121,664
Asset value of US Government securities at beginning of year2012-06-30$4,390,136
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-06-30No
Was there a failure to transmit to the plan any participant contributions2012-06-30No
Has the plan failed to provide any benefit when due under the plan2012-06-30No
Contributions received in cash from employer2012-06-30$2,273,964
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-06-30$3,963,129
Asset. Corporate debt instrument debt (other) at end of year2012-06-30$2,996,871
Asset. Corporate debt instrument debt (other) at beginning of year2012-06-30$4,383,917
Contract administrator fees2012-06-30$156,307
Liabilities. Value of benefit claims payable at end of year2012-06-30$1,473,502
Liabilities. Value of benefit claims payable at beginning of year2012-06-30$1,426,737
Did the plan have assets held for investment2012-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-06-30No
Aggregate proceeds on sale of assets2012-06-30$8,877,606
Aggregate carrying amount (costs) on sale of assets2012-06-30$8,880,614
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-06-30No
Opinion of an independent qualified public accountant for this plan2012-06-30Unqualified
Accountancy firm name2012-06-30GARDENIER & ASSOCIATES, PLLC
Accountancy firm EIN2012-06-30272988248

Form 5500 Responses for SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN

2013: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2013 form 5500 responses
2013-06-30Type of plan entityMulti-employer plan
2013-06-30Submission has been amendedYes
2013-06-30This submission is the final filingYes
2013-06-30This return/report is a short plan year return/report (less than 12 months)Yes
2013-06-30Plan is a collectively bargained planYes
2013-06-30Plan funding arrangement – InsuranceYes
2013-06-30Plan funding arrangement – TrustYes
2013-06-30Plan benefit arrangement – InsuranceYes
2013-06-30Plan benefit arrangement - TrustYes
2012: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2012 form 5500 responses
2012-07-01Type of plan entityMulti-employer plan
2012-07-01Plan is a collectively bargained planYes
2012-07-01Plan funding arrangement – InsuranceYes
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement – InsuranceYes
2012-07-01Plan benefit arrangement - TrustYes
2011: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2011 form 5500 responses
2011-07-01Type of plan entityMulti-employer plan
2011-07-01Submission has been amendedYes
2011-07-01Plan is a collectively bargained planYes
2011-07-01Plan funding arrangement – InsuranceYes
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement – InsuranceYes
2011-07-01Plan benefit arrangement - TrustYes
2009: SHEET METAL WORKERS LOCAL UNION NO. 54 WELFARE PLAN 2009 form 5500 responses
2009-07-01Type of plan entityMulti-employer plan
2009-07-01Plan is a collectively bargained planYes
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes
2009-07-01Plan benefit arrangement - TrustYes

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