Retirement plan

FAIR-RITE PRODUCTS CORP. 401(K) PLAN

Name: FAIR-RITE PRODUCTS CORP. - FAIR-RITE PRODUCTS CORP. 401(K) PLAN (2017) Form 5500
Creator: FAIR-RITE PRODUCTS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIR-RITE PRODUCTS CORP. 401(K) PLAN, FAIR-RITE PRODUCTS CORP.

FAIR-RITE PRODUCTS CORP.EIN 14-1389596Plan #003PY 2017

ONE COMMERCIAL ROW - WALLKILL, NY 12589845-895-2055fair-rite.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

+14.6% from 2016

Total participants

114

-1.7% from 2016

Average account balance

$82,135

+13.5% from 2016

Annual return

14.81%

+6.54 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

$13.48M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

140

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

$950K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$528

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
COMPREHENSIVE FINANCIAL PLANNING3+ years Filed as: COMPREHENSIVE ASSET MGT SERV Service code 55 · EIN 22-3526587	Other Commissions	$8,759
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$1,142
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 58-1428634	Securities Custodian	$150
JPMORGAN INVEST HOLDINGS LLC1 year Service code 64 · EIN 13-2624428	Recordkeeping Fees	$110

Plan features & details

Pension benefit codes2E2F2J2K2S2T3B2G

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1K

$12 / participant

Contract admin$1K100.0%

% of EOY assets

0.015%

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: NUGENT & HAEUSSLER, P.C.
Auditor EIN: 141567370
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,135

$64,909+26.5%

$82,312-0.2%

$62,293+31.9%

Participation rate

86.4%

74.9%+11.5pp

76.9%+9.5pp

69.5%+16.9pp

Annual return

14.81%

21.18%-6.4pp

25.88%-11.1pp

28.90%-14.1pp

Employer contribution / active EE

$1,301

$1,676-22.4%

$2,428-46.4%

$2,042-36.3%

Participant deferral / active EE

$3,735

$3,103+20.4%

$3,706+0.8%

$3,169+17.9%

Admin fee / account holder

$13

$440-97.2%

$5,608-99.8%

$479-97.4%

Provider

Service type

Compensation

COMPREHENSIVE FINANCIAL PLANNING3+ years

Filed as: COMPREHENSIVE ASSET MGT SERV

Service code 55 · EIN 22-3526587

Other Commissions

$8,759

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$1,142

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$150

JPMORGAN INVEST HOLDINGS LLC1 year

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$110

FAIR-RITE PRODUCTS CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIR-RITE PRODUCTS CORP. 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