Retirement plan

PRIME MATERIALS RECOVERY, INC. 401(K) PROFIT SHARING PLAN

Name: PRIME MATERIALS RECOVERY, INC. - PRIME MATERIALS RECOVERY, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: PRIME MATERIALS RECOVERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIME MATERIALS RECOVERY, INC. 401(K) PROFIT SHARING PLAN, PRIME MATERIALS RECOVERY, INC.

PRIME MATERIALS RECOVERY, INC.EIN 30-0105463Plan #001PY 2018

RIVERVIEW SQUARE II, 99 EAST RIVER DRIVE - EAST HARTFORD, CT 06108860-622-7626LinkedIn11-50 employeesimport and export

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.4M

+14.7% from 2017

Total participants

380

+39.7% from 2017

Average account balance

$42,700

-8.6% from 2017

Annual return

24.38%

+11.79 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.29M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

552

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$46,553
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$15,508
IFC HOLDINGS DBA INVEST FINANCIAL C2 years Service code 27 PO BOX 5097 · APPLETON, WI 549125097	Advisory (Plan)	$10,497
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 13 6 RHOADS DR STE 7 · UTICA, NY 13502	Contract Administrator	$10,401

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H3F

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$42K

$121 / participant

Investment mgmt$42K100.0%

% of EOY assets

0.372%

all-in expense ratio

Categories reported

1 / 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: HARVEY & HOROWITZ, P.C.
Auditor EIN: 061187390
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,700

$65,118-34.4%

$76,766-44.4%

$55,725-23.4%

Participation rate

67.3%

79.6%-12.3pp

77.0%-9.6pp

70.9%-3.5pp

Annual return

24.38%

-1.27%+25.6pp

2.43%+21.9pp

244.93%-220.6pp

Employer contribution / active EE

$532

$1,941-72.6%

$2,485-78.6%

$2,078-74.4%

Participant deferral / active EE

$2,147

$3,688-41.8%

$3,851-44.3%

$3,356-36.0%

Admin fee / account holder

$159

$116+37.2%

$6,675-97.6%

$115+38.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$46,553

LPL FINANCIAL1 year

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$15,508

IFC HOLDINGS DBA INVEST FINANCIAL C2 years

Service code 27

PO BOX 5097 · APPLETON, WI 549125097

Advisory (Plan)

$10,497

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 13

6 RHOADS DR STE 7 · UTICA, NY 13502

Contract Administrator

$10,401

PRIME MATERIALS RECOVERY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIME MATERIALS RECOVERY, 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