Retirement plan

ECONOMY LINEN AND TOWEL SERVICE, INC. RETIREMENT PLAN

Name: ECONOMY LINEN AND TOWEL SERVICE, INC. - ECONOMY LINEN AND TOWEL SERVICE, INC. RETIREMENT PLAN (2017) Form 5500
Creator: ECONOMY LINEN AND TOWEL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECONOMY LINEN AND TOWEL SERVICE, INC. RETIREMENT PLAN, ECONOMY LINEN AND TOWEL SERVICE, INC.

ECONOMY LINEN AND TOWEL SERVICE, INC.EIN 31-0512911Plan #001PY 2017

80 MEAD STREET - DAYTON, OH 45402937-222-4625economylinen.comLinkedIn1-10 employeeshospital & health care

Other plans on this EIN

4 filings

#401Retirement-$4.3M assets #002Retirement-$977K assets #004Retirement-$411K assets #003Retirement--

Prospect flagsHigh retiree %High cash

How to read this page

Total assets (EOY)

$410K

-93.2% from 2016

Total participants

-75.7% from 2016

Average account balance

No prior year

Annual return

4.08%

+0.39 pp from 2016

Benchmarks

See 1,138 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined benefit

Participants<25

Cohort1,138 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$711K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-7.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3+ years Service code 28 · EIN 11-2418191	Investment Management	$30,088
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 11 · EIN 38-3712991	Actuarial	$28,565

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1I3D3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$118K

Investment mgmt$36K30.7%
Contract admin$29K24.1%
Other / not subdivided$54K45.2%

% of EOY assets

28.897%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DUVALL & ASSOC
Auditor EIN: 311182600
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,816-100.0%

$128,366-100.0%

$248,183-100.0%

Participation rate

0.0%

22.2%-22.2pp

19.3%-19.3pp

45.9%-45.9pp

Annual return

4.08%

8.48%-4.4pp

9.39%-5.3pp

10.21%-6.1pp

Employer contribution / active EE

$40,983-100.0%

$33,466-100.0%

$42,272-100.0%

Participant deferral / active EE

$682-100.0%

$657-100.0%

$121-100.0%

Admin fee / account holder

$2,425-100.0%

$2,132-100.0%

$13,518-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Service code 28 · EIN 11-2418191

Investment Management

$30,088

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 11 · EIN 38-3712991

Actuarial

$28,565

ECONOMY LINEN AND TOWEL SERVICE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECONOMY LINEN AND TOWEL SERVICE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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