Retirement plan

CURTIS INSTRUMENTS 401(K) RETIREMENT PLAN

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

CURTIS INSTRUMENTS, INC.EIN 13-1933394Plan #001PY 2017

200 KISCO AVENUE - MOUNT KISCO, NY 10549914-242-6546curtisinstruments.comLinkedIn1001-5000 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#002Retirement-$9.8M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$68.7M

+19.0% from 2016

Total participants

222

+5.7% from 2016

Average account balance

$316,709

+12.9% from 2016

Annual return

15.55%

+10.77 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

$92.35M

Not enough data

1 years with asset history on file

Average account balance

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

$297K

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.

311

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$639

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 FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$142,399
FIDUCIARY INVESTMENT ADVISORS2+ years Service code 17 · EIN 20-4751585	Pension Consulting	$43,707
COHN REZNICK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$16,400
MORNINGSTAR1 year Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 27 · EIN 36-4317381	Advisory (Plan)	$5,584

Plan features & details

Pension benefit codes2E2F2J2H2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$208K

$1113 / participant

Other / not subdivided$208K100.0%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

0 / 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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$316,709

$64,909+387.9%

$82,312+284.8%

$62,293+408.4%

Participation rate

97.3%

74.9%+22.5pp

76.9%+20.4pp

69.5%+27.8pp

Annual return

15.55%

21.18%-5.6pp

25.88%-10.3pp

28.90%-13.3pp

Employer contribution / active EE

$5,344

$1,676+218.9%

$2,428+120.1%

$2,042+161.7%

Participant deferral / active EE

$10,824

$3,103+248.8%

$3,706+192.1%

$3,169+241.5%

Admin fee / account holder

$959

$440+118.1%

$5,608-82.9%

$479+100.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$142,399

FIDUCIARY INVESTMENT ADVISORS2+ years

Service code 17 · EIN 20-4751585

Pension Consulting

$43,707

COHN REZNICK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$16,400

MORNINGSTAR1 year

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 27 · EIN 36-4317381

Advisory (Plan)

$5,584

CURTIS INSTRUMENTS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CURTIS INSTRUMENTS 401(K) RETIREMENT 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