Retirement plan

C. COWLES & COMPANY 401(K) PLAN

Name: C. COWLES & COMPANY - C. COWLES & COMPANY 401(K) PLAN (2017) Form 5500
Creator: C. COWLES & COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C. COWLES & COMPANY 401(K) PLAN, C. COWLES & COMPANY

C. COWLES & COMPANYEIN 06-0309660Plan #003PY 2017

126 BAILEY RD - NORTH HAVEN, CT 06473203-680-9404LinkedIn1-10 employeesconsumer goods

Other plans on this EIN

2 filings

#001Retirement-$5.9M assets #002Retirement-$1.5M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+6.7% from 2016

Total participants

176

-8.3% from 2016

Average account balance

$50,489

+12.5% from 2016

Annual return

12.21%

+2.87 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.61M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

116

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$663K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,383
GREGORY J SCHWARTZ & COMPANY INC3+ years Filed as: GREGORY HILL Service code 16 1 KNOWLES FARM RD · NORTHFIELD, NH 03276	Consulting	$12,651
CORPORATE FINANCIAL SERVICES, LLC3+ years Filed as: THE CORPORATE BENEFITS GROUP, LLC Service code 16 100 CONIFER HILL DRIVE, SUITE 307 · DANVERS, MA 01923	Consulting	$12,651
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,109
TD AMERITRADE, INC.3+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$35

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$48K

$365 / participant

Investment mgmt$7K14.9%
Contract admin$15K32.2%
Other / not subdivided$25K52.9%

% of EOY assets

0.640%

all-in expense ratio

Categories reported

2 / 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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,489

$64,909-22.2%

$82,312-38.7%

$62,293-18.9%

Participation rate

78.6%

74.9%+3.8pp

76.9%+1.7pp

69.5%+9.1pp

Annual return

12.21%

21.18%-9.0pp

25.88%-13.7pp

28.90%-16.7pp

Employer contribution / active EE

$894

$1,676-46.7%

$2,428-63.2%

$2,042-56.2%

Participant deferral / active EE

$3,736

$3,103+20.4%

$3,706+0.8%

$3,169+17.9%

Admin fee / account holder

$323

$440-26.5%

$5,608-94.2%

$479-32.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,383

GREGORY J SCHWARTZ & COMPANY INC3+ years

Filed as: GREGORY HILL

Service code 16

1 KNOWLES FARM RD · NORTHFIELD, NH 03276

Consulting

$12,651

CORPORATE FINANCIAL SERVICES, LLC3+ years

Filed as: THE CORPORATE BENEFITS GROUP, LLC

Service code 16

100 CONIFER HILL DRIVE, SUITE 307 · DANVERS, MA 01923

Consulting

$12,651

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,109

TD AMERITRADE, INC.3+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$35

C. COWLES & COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C. COWLES & COMPANY 401(K) 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