Retirement plan

F. C. YOUNG CO. , INC. 401K PLAN

Name: F.C. YOUNG AND CO., INC. - F. C. YOUNG CO. , INC. 401K PLAN (2020) Form 5500
Creator: F.C. YOUNG AND CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, F. C. YOUNG CO. , INC. 401K PLAN, F.C. YOUNG AND CO., INC.

F.C. YOUNG AND CO., INC.EIN 23-1741013Plan #001PY 2020

400 HOWELL STREET - BRISTOL, PA 19007215-493-3111LinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh retiree %Low returnsHigh fees

How to read this page

Total assets (EOY)

$8.4M

+6.0% from 2019

Total participants

190

+3.3% from 2019

Average account balance

$52,852

+3.3% from 2019

Annual return

5.68%

+2.27 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.72M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

142.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$419K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36968

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$39,830
DELAWARE VALLEY RETIREMENT, INC.5+ years Service code 15 21 CHESTER PIKE · RIDLEY PARK, PA 19078	Recordkeeping	$10,013
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON CO FID COMPREHENSIVE Service code 26 630 DUNDEE RD. SUITE 200 · NORTHBROOK, IL 60062	Advisory (Participants)	$6,594

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$53K

$501 / participant

Investment mgmt$46K87.4%
Contract admin$7K12.6%

% of EOY assets

0.632%

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: LOPEZ TEODOSIO & LARKIN, LLC
Auditor EIN: 233007072
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,852

$73,638-28.2%

$95,960-44.9%

$73,493-28.1%

Participation rate

70.8%

76.2%-5.4pp

77.1%-6.3pp

70.7%+0.1pp

Annual return

5.68%

16.78%-11.1pp

91.63%-86.0pp

28.51%-22.8pp

Employer contribution / active EE

$2,148

$1,863+15.3%

$2,541-15.5%

$2,270-5.4%

Participant deferral / active EE

$1,824

$3,617-49.6%

$4,167-56.2%

$3,740-51.2%

Admin fee / account holder

$334

$482-30.7%

$6,797-95.1%

$513-34.9%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$39,830

DELAWARE VALLEY RETIREMENT, INC.5+ years

Service code 15

21 CHESTER PIKE · RIDLEY PARK, PA 19078

Recordkeeping

$10,013

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON CO FID COMPREHENSIVE

Service code 26

630 DUNDEE RD. SUITE 200 · NORTHBROOK, IL 60062

Advisory (Participants)

$6,594

F. C. YOUNG CO. , INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

F. C. YOUNG CO. , INC. 401K 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