Retirement plan

THE BALLY RIBBON MILLS PROFIT SHARING 401(K) PLAN

Name: BALLY RIBBON MILLS - THE BALLY RIBBON MILLS PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: BALLY RIBBON MILLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BALLY RIBBON MILLS PROFIT SHARING 401(K) PLAN, BALLY RIBBON MILLS

BALLY RIBBON MILLSEIN 23-0382360Plan #002PY 2017

23 NORTH 7TH STREET - BALLY, PA 19503610-845-2211ballyribbon.comLinkedIn201-500 employeestextiles

Other plans on this EIN

1 filing

#001Retirement-$15.2M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$19.6M

+15.8% from 2016

Total participants

283

-1.4% from 2016

Average account balance

$73,969

+11.4% from 2016

Annual return

13.13%

+8.47 pp from 2016

Benchmarks

See 684 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort684 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.86M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

296

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

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

+10.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$503

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 15 · EIN 04-1590850	Recordkeeping	$85,821
CAPFINANCIAL PARTNERS LLC1 year Service code 16 · EIN 26-0058143	Consulting	$37,633
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4625304	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$84K

$327 / participant

Investment mgmt$82K96.8%
Contract admin$2K2.4%
Other / not subdivided$6600.8%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 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: CAMPBELL, RAPPOLD & YURASITS
Auditor EIN: 231386942
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,969

$53,925+37.2%

$75,501-2.0%

$69,631+6.2%

Participation rate

93.0%

71.2%+21.8pp

72.4%+20.7pp

70.7%+22.3pp

Annual return

13.13%

17.84%-4.7pp

27.35%-14.2pp

27571.02%-27557.9pp

Employer contribution / active EE

$554

$1,802-69.2%

$2,352-76.4%

$2,032-72.7%

Participant deferral / active EE

$3,696

$2,569+43.9%

$3,142+17.6%

$3,224+14.7%

Admin fee / account holder

$318

$97+227.5%

$5,801-94.5%

$110+187.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$85,821

CAPFINANCIAL PARTNERS LLC1 year

Service code 16 · EIN 26-0058143

Consulting

$37,633

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4625304

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

THE BALLY RIBBON MILLS PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BALLY RIBBON MILLS PROFIT SHARING 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