Retirement plan

NORTH ATLANTIC INDUSTRIES, INC. 401(K) PLAN

Name: NORTH ATLANTIC INDUSTRIES, INC. - NORTH ATLANTIC INDUSTRIES, INC. 401(K) PLAN (2019) Form 5500
Creator: NORTH ATLANTIC INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH ATLANTIC INDUSTRIES, INC. 401(K) PLAN, NORTH ATLANTIC INDUSTRIES, INC.

NORTH ATLANTIC INDUSTRIES, INC.EIN 11-3120875Plan #001PY 2019

110 WILBUR PLACE - BOHEMIA, NY 117162416631-567-1100naii.comLinkedIn201-500 employeesdefense & space

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$20.4M

+29.0% from 2018

Total participants

217

+16.0% from 2018

Average account balance

$140,003

+15.7% from 2018

Annual return

23.15%

+28.94 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.22M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

244

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

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

+16.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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
CITIBANK1 year Filed as: CITIBANK NA Service code 28 · EIN 90-0600119	Investment Management	$15,843
STONE HILL FIDUCIARY MANAGEMENT LL1 year Filed as: STONE HILL FIDUCIARY MANAGEMEN Service code 28 · EIN 45-5608425	Investment Management	$15,750
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$38K

$197 / participant

Investment mgmt$15K40.7%
Other / not subdivided$22K59.3%

% of EOY assets

0.184%

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: GRASSI & CO., CPAS, P.C.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,003

$65,378+114.1%

$87,103+60.7%

$65,186+114.8%

Participation rate

62.6%

75.3%-12.7pp

76.9%-14.2pp

70.2%-7.6pp

Annual return

23.15%

31.28%-8.1pp

28.19%-5.0pp

29.39%-6.2pp

Employer contribution / active EE

$707

$1,823-61.2%

$2,521-72.0%

$2,177-67.5%

Participant deferral / active EE

$6,285

$3,389+85.5%

$4,049+55.2%

$3,514+78.9%

Admin fee / account holder

$257

$520-50.6%

$7,491-96.6%

$847-69.7%

Provider

Service type

Compensation

CITIBANK1 year

Filed as: CITIBANK NA

Service code 28 · EIN 90-0600119

Investment Management

$15,843

STONE HILL FIDUCIARY MANAGEMENT LL1 year

Filed as: STONE HILL FIDUCIARY MANAGEMEN

Service code 28 · EIN 45-5608425

Investment Management

$15,750

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

NORTH ATLANTIC INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH ATLANTIC INDUSTRIES, INC. 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