Retirement plan

THE PAINTING COMPANY 401(K) PLAN AND TRUST

Name: THE PAINTING COMPANY - THE PAINTING COMPANY 401(K) PLAN AND TRUST (2018) Form 5500
Creator: THE PAINTING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PAINTING COMPANY 401(K) PLAN AND TRUST, THE PAINTING COMPANY

THE PAINTING COMPANYEIN 31-1224860Plan #002PY 2018

6969 INDUSTRIAL PARKWAY - PLAIN CITY, OH 430648799614-873-1334LinkedIn51-200 employeesconstruction

Prospect flagsHigh feesRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

-2.3% from 2017

Total participants

102

-27.1% from 2017

Average account balance

$28,902

-39.6% from 2017

Annual return

-8.15%

-18.76 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.70M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+9.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14114

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

Top 4 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA ADVISORS INC. Service code 33 12325 PORT GRACE BLVD. · LA VISTA, NE 68128	Securities brokerage; Securities brok...	$17,006
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,287
MALONEY & NOVOTNY LLC1 year Filed as: MALONEY AND NOVOTNY LLC Service code 10 1111 SUPERIOR AVENUE EAST · CLEVELAND, OH 44144	Accounting	$8,600
EDWARD JONES2 years Filed as: EDWARD D.A. SOMMER Service code 27 300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085	Advisory (Plan)	$6,294

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$954 / participant

Contract admin$24K73.5%
Other / not subdivided$9K26.5%

% of EOY assets

1.101%

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: MALONEY AND NOVOTNY, LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,902

$57,352-49.6%

$83,831-65.5%

$64,173-55.0%

Participation rate

100.0%

68.6%+31.4pp

76.1%+23.9pp

69.6%+30.4pp

Annual return

-8.15%

11.38%-19.5pp

850.99%-859.1pp

7.63%-15.8pp

Employer contribution / active EE

$12,785

$2,546+402.3%

$3,631+252.1%

$2,381+437.0%

Participant deferral / active EE

$2,901

$2,993-3.1%

$4,082-28.9%

$3,470-16.4%

Admin fee / account holder

$318

$4,046-92.1%

$5,479-94.2%

$4,887-93.5%

Provider

Service type

Compensation

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA ADVISORS INC.

Service code 33

12325 PORT GRACE BLVD. · LA VISTA, NE 68128

Securities brokerage; Securities brok...

$17,006

NATIONWIDE2 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,287

MALONEY & NOVOTNY LLC1 year

Filed as: MALONEY AND NOVOTNY LLC

Service code 10

1111 SUPERIOR AVENUE EAST · CLEVELAND, OH 44144

Accounting

$8,600

EDWARD JONES2 years

Filed as: EDWARD D.A. SOMMER

Service code 27

300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085

Advisory (Plan)

$6,294

THE PAINTING COMPANY 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PAINTING COMPANY 401(K) PLAN AND TRUST

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