Retirement plan

ANCHOR FABRICATORS, INC. NON-UNION 401(K) PLAN

Name: ANCHOR FABRICATORS, INC. - ANCHOR FABRICATORS, INC. NON-UNION 401(K) PLAN (2017) Form 5500
Creator: ANCHOR FABRICATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCHOR FABRICATORS, INC. NON-UNION 401(K) PLAN, ANCHOR FABRICATORS, INC.

ANCHOR FABRICATORS, INC.EIN 31-0528348Plan #004PY 2017

386 TALMADGE ROAD, PO BOX 99 - CLAYTON, OH 453150099937-836-5117anchorfab.comLinkedIn1-10 employeeselectrical/electronic manufacturing

Other plans on this EIN

3 filings

#001Retirement-$1.9M assets #003Retirement-$518K assets #002Retirement-$152K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$993K

+20.5% from 2016

Total participants

-11.8% from 2016

Average account balance

$76,389

+29.7% from 2016

Annual return

20.21%

+9.93 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

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2548

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 codes2E2F2G2J2T3D3H

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.
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 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

$56K

$4338 / participant

Other / not subdivided$56K100.0%

% of EOY assets

5.678%

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

$76,389

$98,240-22.2%

$82,312-7.2%

$147,586-48.2%

Participation rate

84.6%

79.7%+4.9pp

76.9%+7.7pp

82.8%+1.8pp

Annual return

20.21%

30.85%-10.6pp

25.88%-5.7pp

578.59%-558.4pp

Employer contribution / active EE

$1,030

$3,192-67.7%

$2,428-57.6%

$4,876-78.9%

Participant deferral / active EE

$3,431

$4,383-21.7%

$3,706-7.4%

$5,439-36.9%

Admin fee / account holder

$4,338

$8,563-49.3%

$5,608-22.6%

$10,886-60.2%

ANCHOR FABRICATORS, INC. NON-UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCHOR FABRICATORS, INC. NON-UNION 401(K) 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