Retirement plan

PHILLIPS PRECISION, INC. PENSION PLAN

Name: PHILLIPS PRECISION, INC. - PHILLIPS PRECISION, INC. PENSION PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#002Retirement-$2.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

-6.5% from 2017

Total participants

231

+4.1% from 2017

Average account balance

$27,610

-10.2% from 2017

Annual return

-4.82%

-14.55 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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 1 by compensation

Provider	Service type	Compensation
THE NAPOLITANO GROUP4+ years Service code 27 · EIN 27-0058684 MACK CENTER IV, S 61 PARAMUS RD · PARAMUS, NJ 07652	Advisory (Plan)	$69,827

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

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

$71K

$376 / participant

Investment mgmt$71K100.0%

% of EOY assets

1.123%

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

$27,610

$59,191-53.4%

$76,767-64.0%

$56,289-50.9%

Participation rate

98.9%

75.2%+23.7pp

77.0%+22.0pp

69.9%+29.1pp

Annual return

-4.82%

6.62%-11.4pp

2.43%-7.2pp

-9.96%+5.1pp

Employer contribution / active EE

$529

$1,759-69.9%

$2,485-78.7%

$2,111-74.9%

Participant deferral / active EE

$3,255-100.0%

$3,852-100.0%

$3,350-100.0%

Admin fee / account holder

$310

$489-36.6%

$6,675-95.4%

$521-40.5%

Provider

Service type

Compensation

THE NAPOLITANO GROUP4+ years

Service code 27 · EIN 27-0058684

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

Advisory (Plan)

$69,827

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