Retirement plan

PHILLIPS PRECISION, INC. PENSION PLAN

Name: PHILLIPS PRECISION, INC. - PHILLIPS PRECISION, INC. PENSION PLAN (2016) Form 5500
Creator: PHILLIPS PRECISION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILLIPS PRECISION, INC. PENSION PLAN, PHILLIPS PRECISION, INC.

PHILLIPS PRECISION, INC.EIN 22-2071997Plan #001PY 2016

7 PAUL KOHNER PLACE - ELMWOOD PARK, NJ 07407201-797-8820phillipsmedicraft.comLinkedIn201-500 employeesmedical devices

Other plans on this EIN

1 filing

#002Retirement-$2.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.2M

+1.6% from 2015

Total participants

211

-3.7% from 2015

Average account balance

$29,595

+5.0% from 2015

Annual return

3.84%

+5.02 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12K

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-24.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
THE NAPOLITANO GROUP2+ years Service code 27 · EIN 27-0058684 MACK CENTER IV, S 61 PARAMUS RD · PARAMUS, NJ 07652	Advisory (Plan)	$61,476
PFP-NJ INC2+ years Filed as: PFP-NJ, INC Service code 13 · EIN 20-2371094 461 SOMERSET STREET · NORTH PLAINFILED, NJ 07060	Contract Administrator	$12,165

Plan features & details

Pension benefit codes2A2E3H3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

Expense breakdown

Schedule H Part II

Admin total

$75K

$426 / participant

Investment mgmt$62K83.7%
Other / not subdivided$12K16.3%

% of EOY assets

1.206%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,595

$60,165-50.8%

$74,184-60.1%

$55,167-46.4%

Participation rate

98.9%

74.2%+24.7pp

76.6%+22.2pp

69.0%+29.9pp

Annual return

3.84%

10.00%-6.2pp

17.74%-13.9pp

169.23%-165.4pp

Employer contribution / active EE

$571

$1,600-64.3%

$2,370-75.9%

$1,963-70.9%

Participant deferral / active EE

$2,973-100.0%

$3,550-100.0%

$3,054-100.0%

Admin fee / account holder

$357

$419-14.9%

$5,586-93.6%

$504-29.2%

Provider

Service type

Compensation

THE NAPOLITANO GROUP2+ years

Service code 27 · EIN 27-0058684

MACK CENTER IV, S 61 PARAMUS RD · PARAMUS, NJ 07652

Advisory (Plan)

$61,476

PFP-NJ INC2+ years

Filed as: PFP-NJ, INC

Service code 13 · EIN 20-2371094

461 SOMERSET STREET · NORTH PLAINFILED, NJ 07060

Contract Administrator

$12,165

PHILLIPS PRECISION, INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILLIPS PRECISION, INC. PENSION 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