Retirement plan

OCONNELL ELECTRIC 401K SAVINGS & PROFIT SHARING PLAN

Name: OCONNELL ELECTRIC CO. - OCONNELL ELECTRIC 401K SAVINGS & PROFIT SHARING PLAN (2015) Form 5500
Creator: OCONNELL ELECTRIC CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCONNELL ELECTRIC 401K SAVINGS & PROFIT SHARING PLAN, OCONNELL ELECTRIC CO.

OCONNELL ELECTRIC CO.EIN 16-0950645Plan #002PY 2015

830 PHILLIPS RD - VICTOR, NY 14564585-924-2176oconnellelectric.comLinkedIn501-1000 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.1M

No prior year

Total participants

130

No prior year

Average account balance

$77,393

No prior year

Annual return

1.46%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.57M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

271

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+17.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$652

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
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 1000 HARBOR BLVD, 6TH FLOOR · WEEHAWKEN, NJ 07086	Advisory (Plan)	$22,187
USI CONSULTING GROUP1+ years Filed as: BURKE GROUP Service code 15 · EIN 80-0688755	Recordkeeping	$3,763

Plan features & details

Pension benefit codes2E2F2J2K2T3D2G

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$216 / participant

Investment mgmt$22K85.5%
Contract admin$4K14.5%

% of EOY assets

0.284%

all-in expense ratio

Categories reported

2 / 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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,393

$50,464+53.4%

$75,784+2.1%

$52,331+47.9%

Participation rate

90.0%

66.8%+23.2pp

75.8%+14.2pp

68.1%+21.9pp

Annual return

1.46%

1.03%+0.4pp

9.68%-8.2pp

4.54%-3.1pp

Employer contribution / active EE

$436

$1,988-78.1%

$3,323-86.9%

$1,882-76.8%

Participant deferral / active EE

$4,980

$2,570+93.7%

$3,652+36.4%

$3,022+64.8%

Admin fee / account holder

$220

$1,103-80.1%

$5,300-95.9%

$592-62.8%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27

1000 HARBOR BLVD, 6TH FLOOR · WEEHAWKEN, NJ 07086

Advisory (Plan)

$22,187

USI CONSULTING GROUP1+ years

Filed as: BURKE GROUP

Service code 15 · EIN 80-0688755

Recordkeeping

$3,763

OCONNELL ELECTRIC 401K SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCONNELL ELECTRIC 401K SAVINGS & PROFIT SHARING 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