Retirement plan

PROMINENT FLUID CONTROLS, INC. 401(K) PROFIT SHARING PLAN

Name: PROMINENT FLUID CONTROLS, INC. - PROMINENT FLUID CONTROLS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: PROMINENT FLUID CONTROLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROMINENT FLUID CONTROLS, INC. 401(K) PROFIT SHARING PLAN, PROMINENT FLUID CONTROLS, INC.

PROMINENT FLUID CONTROLS, INC.EIN 25-1352377Plan #001PY 2016

136 INDUSTRY DRIVE - PITTSBURGH, PA 152751014412-787-2484

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.5M

+16.8% from 2015

Total participants

162

+1.3% from 2015

Average account balance

$70,631

+13.3% from 2015

Annual return

6.47%

+4.63 pp from 2015

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

$21.19M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

220

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$393

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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$55,899
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 27 29 SAWYER ROAD · WALTHAM, MA 02453	Advisory (Plan)	$44,528
DUNBAR, BENDER & ZAPF, INC.2+ years Service code 13 FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219	Contract Administrator	$14,426

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$642 / participant

Investment mgmt$31K33.6%
Contract admin$56K60.0%
Other / not subdivided$6K6.4%

% of EOY assets

0.983%

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: HOLSINGER PC
Auditor EIN: 232939307
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,631

$60,165+17.4%

$74,184-4.8%

$55,167+28.0%

Participation rate

80.7%

74.2%+6.5pp

76.6%+4.1pp

69.0%+11.7pp

Annual return

6.47%

10.00%-3.5pp

17.74%-11.3pp

169.23%-162.8pp

Employer contribution / active EE

$1,408

$1,600-12.0%

$2,370-40.6%

$1,963-28.3%

Participant deferral / active EE

$4,816

$2,973+62.0%

$3,550+35.7%

$3,054+57.7%

Admin fee / account holder

$694

$419+65.6%

$5,586-87.6%

$504+37.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$55,899

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 27

29 SAWYER ROAD · WALTHAM, MA 02453

Advisory (Plan)

$44,528

DUNBAR, BENDER & ZAPF, INC.2+ years

Service code 13

FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219

Contract Administrator

$14,426

PROMINENT FLUID CONTROLS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROMINENT FLUID CONTROLS, 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