Retirement plan

CUSTOM GROUP INDUSTRIES 401(K) RETIREMENT PLAN

Name: CUSTOM ENGINEERING COMPANY - CUSTOM GROUP INDUSTRIES 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: CUSTOM ENGINEERING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUSTOM GROUP INDUSTRIES 401(K) RETIREMENT PLAN, CUSTOM ENGINEERING COMPANY

CUSTOM ENGINEERING COMPANYEIN 25-1008495Plan #002PY 2016

2800 MCCLELLAND AVENUE - ERIE, PA 16514814-898-2800customeng.comLinkedIn51-200 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$4.7M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 16, 2018

Plan administrator

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2800 McClelland Ave

Erie State: PA Zip Code: 16510

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Plans declared (1)

Custom Engineering Co. Nonqualified Deferrred Compensation Plan120 emp

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Total assets (EOY)

$8.9M

No prior year

Total participants

170

No prior year

Average account balance

$54,149

No prior year

Annual return

-2.23%

No prior year

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

$12.19M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

146

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
PNC BANK, N.A.1+ years Service code 25 · EIN 25-1211909	Directed Trustee	$6,825
PNC BANK, N.A.1+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$47 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.076%

all-in expense ratio

Categories reported

0 / 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: SCHAFFNER KNIGHT & MINNAUGH
Auditor EIN: 251690617
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,149

$60,165-10.0%

$74,184-27.0%

$55,167-1.8%

Participation rate

96.6%

74.2%+22.4pp

76.6%+20.0pp

69.0%+27.6pp

Annual return

-2.23%

10.00%-12.2pp

17.74%-20.0pp

169.23%-171.5pp

Employer contribution / active EE

$1,058

$1,600-33.9%

$2,370-55.4%

$1,963-46.1%

Participant deferral / active EE

$2,918

$2,973-1.9%

$3,550-17.8%

$3,054-4.5%

Admin fee / account holder

$41

$419-90.1%

$5,586-99.3%

$504-91.8%

Provider

Service type

Compensation

PNC BANK, N.A.1+ years

Service code 25 · EIN 25-1211909

Directed Trustee

$6,825

PNC BANK, N.A.1+ years

Filed as: PNC BANK, NATIONAL ASSOCIATION

Service code 59

Shareholder Servicing

CUSTOM GROUP INDUSTRIES 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSTOM GROUP INDUSTRIES 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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