Retirement plan

PRECISION RESOURCE 401K RETIREMENT SAVINGS PLAN

Name: PRECISION RESOURCE INC - PRECISION RESOURCE 401K RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: PRECISION RESOURCE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION RESOURCE 401K RETIREMENT SAVINGS PLAN, PRECISION RESOURCE INC

PRECISION RESOURCE INCEIN 06-0855976Plan #001PY 2017

25 FOREST PKWY - SHELTON, CT 064846122203-925-0012precisionresource.comLinkedIn1001-5000 employeesaviation & aerospace

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$46.7M

+11.6% from 2016

Total participants

653

+2.0% from 2016

Average account balance

$74,300

+13.5% from 2016

Annual return

11.20%

+3.94 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.13M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

577

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC3+ years Filed as: CAPTRUST FINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$52,000
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$10,460
MARCUM LLP3+ years Service code 10 · EIN 11-1986323	Accounting	$5,100

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D

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

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

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

$74,300

$69,305+7.2%

$82,312-9.7%

$69,631+6.7%

Participation rate

95.6%

80.3%+15.3pp

76.9%+18.7pp

70.7%+24.9pp

Annual return

11.20%

21.47%-10.3pp

25.88%-14.7pp

27571.02%-27559.8pp

Employer contribution / active EE

$1,377

$1,887-27.0%

$2,428-43.3%

$2,032-32.2%

Participant deferral / active EE

$4,166

$3,568+16.8%

$3,706+12.4%

$3,224+29.2%

Admin fee / account holder

$97-100.0%

$5,608-100.0%

$110-100.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3+ years

Filed as: CAPTRUST FINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$52,000

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$10,460

MARCUM LLP3+ years

Service code 10 · EIN 11-1986323

Accounting

$5,100

PRECISION RESOURCE 401K RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PRECISION RESOURCE 401K RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion