Retirement plan

CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION 401(K) PROFIT SHARING PLAN

Name: CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION - CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION 401(K) PROFIT SHARING PLAN, CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION

CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATIONEIN 25-1824731Plan #001PY 2017

5458 STEUBENVILLE PIKE - BOX 7 - MCKEES ROCKS, PA 15136412-424-0360cranston-material-handling-equipment.comLinkedIn11-50 employeesmachinery

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$808K

+31.4% from 2016

Total participants

+14.3% from 2016

Average account balance

$62,169

+31.4% from 2016

Annual return

19.51%

+14.33 pp from 2016

Benchmarks

See 21,290 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,290 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.77M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

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

+15.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16833

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 codes2E2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$1370 / participant

Other / not subdivided$21K100.0%

% of EOY assets

2.542%

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

$62,169

$98,240-36.7%

$82,312-24.5%

$147,586-57.9%

Participation rate

80.0%

79.7%+0.3pp

76.9%+3.1pp

82.8%-2.8pp

Annual return

19.51%

30.85%-11.3pp

25.88%-6.4pp

578.59%-559.1pp

Employer contribution / active EE

$1,470

$3,192-53.9%

$2,428-39.5%

$4,876-69.9%

Participant deferral / active EE

$4,758

$4,383+8.5%

$3,706+28.4%

$5,439-12.5%

Admin fee / account holder

$1,581

$8,563-81.5%

$5,608-71.8%

$10,886-85.5%

CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRANSTON MATERIAL HANDLING EQUIPMENT CORPORATION 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