Retirement plan

ERIE FORGE UNION 401(K) SAVINGS PLAN

Name: ERIE FORGE & STEEL, INC. - ERIE FORGE UNION 401(K) SAVINGS PLAN (2017) Form 5500
Creator: ERIE FORGE & STEEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERIE FORGE UNION 401(K) SAVINGS PLAN, ERIE FORGE & STEEL, INC.

ERIE FORGE & STEEL, INC.EIN 25-1620703Plan #002PY 2017

1341 WEST 16TH STREET - ERIE, PA 16502412-390-2705LinkedIn51-200 employeesmanagement consulting

Other plans on this EIN

1 filing

#001Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+13.4% from 2016

Total participants

-1.3% from 2016

Average account balance

$47,125

+13.4% from 2016

Annual return

16.18%

+7.76 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.22M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4204

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$350K

$5563 / participant

Other / not subdivided$350K100.0%

% of EOY assets

10.188%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,125

$67,602-30.3%

$82,312-42.7%

$70,126-32.8%

Participation rate

92.1%

72.8%+19.3pp

76.9%+15.2pp

69.5%+22.5pp

Annual return

16.18%

21.57%-5.4pp

25.88%-9.7pp

73.15%-57.0pp

Employer contribution / active EE

$1,819

$1,755+3.6%

$2,428-25.1%

$2,343-22.4%

Participant deferral / active EE

$2,198

$2,987-26.4%

$3,706-40.7%

$3,332-34.0%

Admin fee / account holder

$4,801

$4,512+6.4%

$5,608-14.4%

$4,645+3.3%

ERIE FORGE UNION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERIE FORGE UNION 401(K) SAVINGS 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