Retirement plan

APPLE RUBBER PRODUCTS, INC. 401(K) PLAN

Name: APPLE RUBBER PRODUCTS, INC. - APPLE RUBBER PRODUCTS, INC. 401(K) PLAN (2018) Form 5500
Creator: APPLE RUBBER PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLE RUBBER PRODUCTS, INC. 401(K) PLAN, APPLE RUBBER PRODUCTS, INC.

APPLE RUBBER PRODUCTS, INC.EIN 16-1002922Plan #001PY 2018

310 ERIE STREET - LANCASTER, NY 14086716-684-6560

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27M

-7.0% from 2017

Total participants

170

-5.6% from 2017

Average account balance

$176,784

-4.6% from 2017

Annual return

-2.50%

-19.40 pp from 2017

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.82M

Not enough data

1 years with asset history on file

Average account balance

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

$293K

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.

160

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$653

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 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$68,042
LINCOLN NATIONAL CORPORATION2 years Filed as: LINCOLN FINACIAL ADVISORS Service code 55	Other Commissions	$38,948
LINCOLN NATIONAL CORPORATION4+ years Filed as: LINCOLN FINANCIAL ADVISORS Service code 55 1300 S. CLINTON STREET · FORT WAYNE, IN 46802	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

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

$68K

$463 / participant

Investment mgmt$68K100.0%

% of EOY assets

0.252%

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: FREED MAXICK CPAS, PC
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$176,784

$58,093+204.3%

$80,022+120.9%

$56,287+214.1%

Participation rate

88.4%

73.6%+14.8pp

75.8%+12.6pp

69.9%+18.6pp

Annual return

-2.50%

34.63%-37.1pp

11.22%-13.7pp

-9.96%+7.5pp

Employer contribution / active EE

$3,094

$1,933+60.1%

$2,468+25.3%

$2,111+46.5%

Participant deferral / active EE

$4,875

$3,136+55.5%

$3,686+32.3%

$3,350+45.5%

Admin fee / account holder

$445

$623-28.6%

$6,521-93.2%

$521-14.6%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$68,042

LINCOLN NATIONAL CORPORATION2 years

Filed as: LINCOLN FINACIAL ADVISORS

Service code 55

Other Commissions

$38,948

LINCOLN NATIONAL CORPORATION4+ years

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 55

1300 S. CLINTON STREET · FORT WAYNE, IN 46802

Other Commissions

APPLE RUBBER PRODUCTS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLE RUBBER PRODUCTS, INC. 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