Retirement plan

CONSOLIDATED RIG WORKS, LP 401(K) PLAN

Name: CONSOLIDATED RIG WORKS, LP - CONSOLIDATED RIG WORKS, LP 401(K) PLAN (2016) Form 5500
Creator: CONSOLIDATED RIG WORKS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSOLIDATED RIG WORKS, LP 401(K) PLAN, CONSOLIDATED RIG WORKS, LP

CONSOLIDATED RIG WORKS, LPEIN 16-1734529Plan #001PY 2016

6000 EAST BERRY STREET - FORT WORTH, TX 76119817-446-5272crwlp.comLinkedIn11-50 employeesoil & energy

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.3M

+24.4% from 2015

Total participants

-1.6% from 2015

Average account balance

$21,733

+13.7% from 2015

Annual return

9.27%

+11.42 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.43M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

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.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$289K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9666

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

0 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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$138K

$3007 / participant

Other / not subdivided$138K100.0%

% of EOY assets

10.974%

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

$21,733

$60,349-64.0%

$74,184-70.7%

$62,881-65.4%

Participation rate

91.3%

72.7%+18.6pp

76.6%+14.7pp

69.3%+22.0pp

Annual return

9.27%

21.38%-12.1pp

17.74%-8.5pp

20.14%-10.9pp

Employer contribution / active EE

$3,596

$1,680+114.0%

$2,370+51.7%

$2,281+57.6%

Participant deferral / active EE

$2,723

$2,856-4.7%

$3,550-23.3%

$3,203-15.0%

Admin fee / account holder

$2,385

$4,261-44.0%

$5,586-57.3%

$4,296-44.5%

CONSOLIDATED RIG WORKS, LP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSOLIDATED RIG WORKS, LP 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