Retirement plan

GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN

Name: GASBARRE PRODUCTS, INC. - GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN (2017) Form 5500
Creator: GASBARRE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN, GASBARRE PRODUCTS, INC.

GASBARRE PRODUCTS, INC.EIN 25-1256812Plan #001PY 2017

590 DIVISION STREET - DUBOIS, PA 15801814-371-3015

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.7M

+13.9% from 2016

Total participants

194

-4.0% from 2016

Average account balance

$55,021

+15.7% from 2016

Annual return

16.39%

+9.29 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.49M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

294

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$958K

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

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$185

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$36,425
HUNTINGTON NATIONAL BANK1 year Filed as: HUNTINGTON INVESTMENT COMPANY Service code 22 · EIN 31-1316299	Insurance Broker	$18,487
HUNTINGTON NATIONAL BANK3+ years Service code 15 · EIN 31-0966785	Recordkeeping	$4,582

Plan features & details

Pension benefit codes2E2J2G3D2T2F

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$43K

$271 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.401%

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: CLYDE, FERRARO & CO., LLP
Auditor EIN: 251669808
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,021

$64,909-15.2%

$82,313-33.2%

$62,293-11.7%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

16.39%

21.18%-4.8pp

25.88%-9.5pp

28.90%-12.5pp

Employer contribution / active EE

$1,216

$1,676-27.4%

$2,428-49.9%

$2,042-40.5%

Participant deferral / active EE

$2,574

$3,103-17.1%

$3,706-30.5%

$3,169-18.8%

Admin fee / account holder

$220

$440-49.8%

$5,608-96.1%

$479-54.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$36,425

HUNTINGTON NATIONAL BANK1 year

Filed as: HUNTINGTON INVESTMENT COMPANY

Service code 22 · EIN 31-1316299

Insurance Broker

$18,487

HUNTINGTON NATIONAL BANK3+ years

Service code 15 · EIN 31-0966785

Recordkeeping

$4,582

GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASBARRE PRODUCTS, INC. 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