Retirement plan

PETER PAUL ELECTRONICS CO., INC. 401(K) PROFIT SHARING PLAN

Name: PETER PAUL ELECTRONICS COMPANY, INC. - PETER PAUL ELECTRONICS CO., INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PETER PAUL ELECTRONICS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETER PAUL ELECTRONICS CO., INC. 401(K) PROFIT SHARING PLAN, PETER PAUL ELECTRONICS COMPANY, INC.

PETER PAUL ELECTRONICS COMPANY, INC.EIN 06-0811946Plan #001PY 2017

480 JOHN DOWNEY DRIVE - NEW BRITAIN, CT 06051860-229-4884peterpaul.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+9.6% from 2016

Total participants

155

-13.4% from 2016

Average account balance

$32,102

+11.6% from 2016

Annual return

14.38%

+3.05 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

$7.36M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

131

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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 4 by compensation

Provider	Service type	Compensation
WELLS THOMAS, LLC3+ years Service code 13 · EIN 26-0228640 568 EAST MAIN STREET · BRANFORD, CT 06405	Contract Administrator	$12,029
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT-WEST LIFE & ANNUITY INS COMP Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,926
WOODBURY FINANCIAL SERVICES2 years Service code 55	Other Commissions	$0
WOODBURY FINANCIAL SERVICES3+ years Filed as: WOODBURY FINANCIAL SERVICES INC Service code 55 · EIN 41-0944586 5665 PLAZA DR STE 350 · CYPRESS, CA 90630	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$141 / participant

Investment mgmt$2K17.1%
Contract admin$12K82.9%

% of EOY assets

0.282%

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: SHEPTOFF, REUBER & COMPANY, P.C.
Auditor EIN: 061026561
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,102

$64,909-50.5%

$82,313-61.0%

$62,293-48.5%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

14.38%

21.18%-6.8pp

25.88%-11.5pp

28.90%-14.5pp

Employer contribution / active EE

$1,168

$1,676-30.3%

$2,428-51.9%

$2,042-42.8%

Participant deferral / active EE

$3,314

$3,103+6.8%

$3,706-10.6%

$3,169+4.6%

Admin fee / account holder

$91

$440-79.4%

$5,608-98.4%

$479-81.1%

Provider

Service type

Compensation

WELLS THOMAS, LLC3+ years

Service code 13 · EIN 26-0228640

568 EAST MAIN STREET · BRANFORD, CT 06405

Contract Administrator

$12,029

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS COMP

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,926

WOODBURY FINANCIAL SERVICES2 years

Service code 55

Other Commissions

WOODBURY FINANCIAL SERVICES3+ years

Filed as: WOODBURY FINANCIAL SERVICES INC

Service code 55 · EIN 41-0944586

5665 PLAZA DR STE 350 · CYPRESS, CA 90630

Other Commissions

PETER PAUL ELECTRONICS CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETER PAUL ELECTRONICS CO., INC. 401(K) PROFIT SHARING 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