Retirement plan

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

Name: STRIPPIT, INC. - STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES (2015) Form 5500
Creator: STRIPPIT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES, STRIPPIT, INC.

STRIPPIT, INC.EIN 13-3372065Plan #001PY 2015

12975 CLARENCE CENTER RD - AKRON, NY 14001716-542-4511strippit.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

1 filing

#019Retirement-$10.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.6M

No prior year

Total participants

119

No prior year

Average account balance

$141,872

No prior year

Annual return

0.03%

No prior year

Benchmarks

See 13,685 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort13,685 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.04M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

194

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$672K

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

+17.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$14591 / participant

Other / not subdivided$1M100.0%

% of EOY assets

6.505%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,872

$56,197+152.5%

$67,652+109.7%

$59,633+137.9%

Participation rate

97.3%

71.5%+25.8pp

75.7%+21.6pp

68.7%+28.6pp

Annual return

0.03%

18508.10%-18508.1pp

6625.40%-6625.4pp

2041.45%-2041.4pp

Employer contribution / active EE

$2,578

$1,615+59.6%

$2,266+13.8%

$2,203+17.0%

Participant deferral / active EE

$6,680

$2,844+134.9%

$3,560+87.6%

$3,192+109.3%

Admin fee / account holder

$9,228

$3,958+133.2%

$4,821+91.4%

$4,297+114.8%

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRIPPIT INC 401(K) PLAN FOR SALARIED EMPLOYEES

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