Retirement plan

NATIONAL ELECTRIC WIRE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: NATIONAL ELECTRIC WIRE COMPANY, - NATIONAL ELECTRIC WIRE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: NATIONAL ELECTRIC WIRE COMPANY,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ELECTRIC WIRE COMPANY, INC. 401(K) PROFIT SHARING PLAN, NATIONAL ELECTRIC WIRE COMPANY,

NATIONAL ELECTRIC WIRE COMPANY,EIN 22-2545098Plan #001PY 2017

100 GOLDMAN DRIVE - CREAM RIDGE, NJ 08514609-758-3600nationalelectricwire.comLinkedIn11-50 employeesmining & metals

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.2M

-3.3% from 2016

Total participants

+34.9% from 2016

Average account balance

$55,794

-24.9% from 2016

Annual return

6.98%

-2.23 pp from 2016

Benchmarks

See 2,903 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,903 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

370.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9891

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 codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$474K

$12818 / participant

Other / not subdivided$474K100.0%

% of EOY assets

14.655%

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

$55,794

$64,359-13.3%

$90,161-38.1%

$70,126-20.4%

Participation rate

100.0%

70.4%+29.6pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

6.98%

28.13%-21.2pp

34.89%-27.9pp

73.15%-66.2pp

Employer contribution / active EE

$2,183

$2,046+6.7%

$3,318-34.2%

$2,343-6.8%

Participant deferral / active EE

$1,131

$4,389-74.2%

$5,287-78.6%

$3,332-66.0%

Admin fee / account holder

$8,177

$3,945+107.3%

$5,943+37.6%

$4,645+76.0%

NATIONAL ELECTRIC WIRE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ELECTRIC WIRE COMPANY, INC. 401(K) PROFIT SHARING 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