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 (2018) 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 2018

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

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$12.1M

+0.5% from 2017

Total participants

187

+9.4% from 2017

Average account balance

$71,577

-11.9% from 2017

Annual return

-6.71%

-25.80 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$84,759
RAYMOND JAMES FINANCIAL SERVICES2 years Service code 26 · EIN 59-1531281 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Participants)	$74,974
DUNBAR, BENDER & ZAPF, INC.4+ years Service code 13	Contract Administrator	$6,667
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: AMERICAN UNITED LIFE INSURANCE CO. Service code 38 · EIN 35-0145825	Participant Communication	$6,301
DUNBAR, BENDER & ZAPF, INC.2 years Filed as: DUNBAR, BENDER, & ZAPF Service code 13 FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219	Contract Administrator	$0

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

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

$113K

$672 / participant

Investment mgmt$75K66.4%
Contract admin$38K33.6%

% of EOY assets

0.933%

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

$71,577

$59,186+20.9%

$76,766-6.8%

$56,287+27.2%

Participation rate

89.3%

75.2%+14.1pp

77.0%+12.3pp

69.9%+19.4pp

Annual return

-6.71%

6.62%-13.3pp

2.43%-9.1pp

-9.96%+3.2pp

Employer contribution / active EE

$1,729

$1,759-1.7%

$2,485-30.4%

$2,111-18.1%

Participant deferral / active EE

$5,379

$3,255+65.3%

$3,851+39.7%

$3,350+60.6%

Admin fee / account holder

$668

$489+36.6%

$6,675-90.0%

$521+28.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$84,759

RAYMOND JAMES FINANCIAL SERVICES2 years

Service code 26 · EIN 59-1531281

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Participants)

$74,974

DUNBAR, BENDER & ZAPF, INC.4+ years

Service code 13

Contract Administrator

$6,667

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: AMERICAN UNITED LIFE INSURANCE CO.

Service code 38 · EIN 35-0145825

Participant Communication

$6,301

DUNBAR, BENDER & ZAPF, INC.2 years

Filed as: DUNBAR, BENDER, & ZAPF

Service code 13

FRICK BUILDING, SUITE 1100 · PITTSBURGH, PA 15219

Contract Administrator

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