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Retirement plan

SCHWEITZER ENGINEERING LAB., INC. 401(K) PLAN

SCHWEITZER ENGINEERING LABORATORIES INC.EIN 91-1196408Plan #003PY 2015
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2350 NE HOPKINS COURT - PULLMAN, WA 99163509-332-1890selinc.comLinkedIn5001-10000 employeesutilities
Other plans on this EIN
1 filing
#001Retirement-$647.7M assets
Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(509) 332-1890
Plan administrator signer
JOSEPH NESTEGARD
Signed 10/14/2016
How to read this page

Summary metrics

Total assets (EOY)
$79.2M
-15.7% from 2016
Total participants
3,479
-8.2% from 2016
Average account balance
$34,330
-5.7% from 2016
Annual return
2.26%
-9.05 pp from 2016

Benchmarks

See 742 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort742 peers
Snapshot2015
Participant deferral / active EE
$2,691
median $3,659
Employer contribution / active EE
$0
median $1,862
Participation rate
62.7%
median 92.4%
Avg account balance
$34,330
median $60,160
Admin fee / account holder
$16
median $34
Annual return
2.26%
median 0.65%
Overall peer rank
44th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$492.27M
Average account balance
Total assets / participants with a balance (line 6g)
$87K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
5,668
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.8%
Contributions (total)
Employer and participant dollars contributed each year
$26.85M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+39.00%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$65
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 2 by compensation
ProviderService typeCompensation
STANCORP FINANCIAL GROUP1+ years
Service code 12 · EIN 93-1253576
Custodial (securities); Sub-transfer ...
$124,959
CHARLES SCHWAB TRUST COMPANY1+ years
Service code 19
Securities Custodian
$35,656

Top hat statement on fileNQDC

Filed September 23, 2015 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H
Plan features
  • 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.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$38K
$12 / participant
  • Contract admin$38K100.0%
% of EOY assets
0.048%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
RSM US LLP
Auditor EIN
420714325
Audit fees
(not subdivided)
Opinion code
Disclaimer