Retirement plan

ERIE MATERIALS, INC. PROFIT SHARING AND 401(K) PLAN

Name: ERIE MATERIALS, INC. - ERIE MATERIALS, INC. PROFIT SHARING AND 401(K) PLAN (2017) Form 5500
Creator: ERIE MATERIALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERIE MATERIALS, INC. PROFIT SHARING AND 401(K) PLAN, ERIE MATERIALS, INC.

ERIE MATERIALS, INC.EIN 15-0528388Plan #001PY 2017

P.O. BOX 476 - SYRACUSE, NY 13211315-455-5292eriematerials.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$54.4M

+7.5% from 2016

Total participants

383

-3.5% from 2016

Average account balance

$142,109

+11.4% from 2016

Annual return

12.71%

+6.93 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.72M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

449

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-29

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 2 by compensation

Provider	Service type	Compensation
FIRLEY, MORAN, FREER & EASSA,CPA PC3+ years Filed as: FIRLEY MORAN FREER & EASSA CPA P.C. Service code 10 · EIN 16-1148763	Accounting	$15,000
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$7,914

Plan features & details

Pension benefit codes2E2F2G2J3D2T2S

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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$32 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.020%

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: FIRLEY, MORAN, FREER & EASSA,CPA,PC
Auditor EIN: 161148763
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,109

$71,666+98.3%

$117,861+20.6%

$69,631+104.1%

Participation rate

100.0%

77.5%+22.5pp

79.7%+20.3pp

70.7%+29.3pp

Annual return

12.71%

18.86%-6.1pp

335.11%-322.4pp

27571.02%-27558.3pp

Employer contribution / active EE

$4,097

$1,889+116.9%

$3,786+8.2%

$2,032+101.6%

Participant deferral / active EE

$3,531

$3,340+5.7%

$4,482-21.2%

$3,224+9.5%

Admin fee / account holder

$29

$120-76.1%

$8,021-99.6%

$110-73.9%

Provider

Service type

Compensation

FIRLEY, MORAN, FREER & EASSA,CPA PC3+ years

Filed as: FIRLEY MORAN FREER & EASSA CPA P.C.

Service code 10 · EIN 16-1148763

Accounting

$15,000

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$7,914

ERIE MATERIALS, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERIE MATERIALS, INC. PROFIT SHARING AND 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