Retirement plan

WAYNE J. GRIFFIN ELECTRIC, INC. RETIREMENT SAVINGS PLAN

Name: WAYNE J GRIFFIN ELECTRIC, INC. - WAYNE J. GRIFFIN ELECTRIC, INC. RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: WAYNE J GRIFFIN ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAYNE J. GRIFFIN ELECTRIC, INC. RETIREMENT SAVINGS PLAN, WAYNE J GRIFFIN ELECTRIC, INC.

WAYNE J GRIFFIN ELECTRIC, INC.EIN 04-2650465Plan #001PY 2015

116 HOPPING BROOK ROAD - HOLLISTON, MA 01746508-429-8830waynejgriffinelectric.comLinkedIn1001-5000 employeesconstruction

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$71.2M

No prior year

Total participants

1,151

No prior year

Average account balance

$78,275

No prior year

Annual return

-1.75%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$220.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$172K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,281

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$40

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC1+ years Filed as: MMC SECURITIES CORP Service code 17 PO BOX 28405 · NEW YORK, NY 100878405	Pension Consulting	$45,000
KAF FINANCIAL ADVISORS1+ years Service code 10 10 FORBES ROAD · BRAINTREE, MA 02184	Accounting	$13,250
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$10,352
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: NEW YORK LIFE INVESTMENT MANAGEMENT Service code 15 · EIN 52-2206685	Recordkeeping	$2,410

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$73 / participant

Contract admin$13K18.0%
Other / not subdivided$58K82.0%

% of EOY assets

0.100%

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: KIRKLAND, ALBRECHT & FREDRICKSON, P
Auditor EIN: 043121055
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,275

$50,498+55.0%

$75,784+3.3%

$55,191+41.8%

Participation rate

75.2%

69.4%+5.8pp

75.8%-0.6pp

69.2%+6.0pp

Annual return

-1.75%

1.80%-3.5pp

9.68%-11.4pp

10.78%-12.5pp

Employer contribution / active EE

$1,687

$2,291-26.4%

$3,323-49.2%

$1,899-11.2%

Participant deferral / active EE

$4,926

$2,589+90.3%

$3,652+34.9%

$3,046+61.7%

Admin fee / account holder

$78

$123-36.6%

$5,300-98.5%

$91-14.0%

Provider

Service type

Compensation

MMA SECURITIES LLC1+ years

Filed as: MMC SECURITIES CORP

Service code 17

PO BOX 28405 · NEW YORK, NY 100878405

Pension Consulting

$45,000

KAF FINANCIAL ADVISORS1+ years

Service code 10

10 FORBES ROAD · BRAINTREE, MA 02184

Accounting

$13,250

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$10,352

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: NEW YORK LIFE INVESTMENT MANAGEMENT

Service code 15 · EIN 52-2206685

Recordkeeping

$2,410

WAYNE J. GRIFFIN ELECTRIC, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAYNE J. GRIFFIN ELECTRIC, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion