Retirement plan

EASTERN LIFT TRUCK CO. INC. 401(K) RETIREMENT PLAN

Name: EASTERN LIFT TRUCK COMPANY, INC. - EASTERN LIFT TRUCK CO. INC. 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: EASTERN LIFT TRUCK COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN LIFT TRUCK CO. INC. 401(K) RETIREMENT PLAN, EASTERN LIFT TRUCK COMPANY, INC.

EASTERN LIFT TRUCK COMPANY, INC.EIN 22-1949798Plan #002PY 2016

549 E. LINWOOD AVE PO BOX 307 - MAPLE SHADE, NJ 08052856-779-8880easternlifttruck.comLinkedIn1001-5000 employeesmachinery

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$23.5M

+18.7% from 2015

Total participants

917

+5.4% from 2015

Average account balance

$36,990

+17.4% from 2015

Annual return

16.37%

+14.46 pp from 2015

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.60M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

1,345

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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 6 by compensation

Provider	Service type	Compensation
FIRST CLEARING LLC2+ years Service code 55 · EIN 25-2384840	Other Commissions	$50,086
BDO USA, LLP1 year Service code 10 · EIN 13-5381590	Accounting	$28,444
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$21,580
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282
MESIROW FINANCIAL INVESTMENT MANAGE2+ years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-3429599	Other Services	$22
MORNINGSTAR1 year Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$16

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$39K

$45 / participant

Other / not subdivided$39K100.0%

% of EOY assets

0.167%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,990

$107,378-65.6%

$108,582-65.9%

$57,658-35.8%

Participation rate

67.7%

77.1%-9.4pp

79.6%-11.9pp

70.2%-2.6pp

Annual return

16.37%

12.80%+3.6pp

-51.70%+68.1pp

5.13%+11.2pp

Employer contribution / active EE

$343

$1,782-80.8%

$3,758-90.9%

$1,974-82.6%

Participant deferral / active EE

$2,266

$3,221-29.6%

$4,311-47.4%

$3,061-26.0%

Admin fee / account holder

$62

$108-43.1%

$7,645-99.2%

$95-34.7%

Provider

Service type

Compensation

FIRST CLEARING LLC2+ years

Service code 55 · EIN 25-2384840

Other Commissions

$50,086

BDO USA, LLP1 year

Service code 10 · EIN 13-5381590

Accounting

$28,444

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$21,580

RELIANCE TRUST COMPANY2+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

MESIROW FINANCIAL INVESTMENT MANAGE2+ years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-3429599

Other Services

$22

MORNINGSTAR1 year

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

$16

EASTERN LIFT TRUCK CO. INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN LIFT TRUCK CO. INC. 401(K) RETIREMENT 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