Retirement plan

FABCON COMPANIES LLC, PROFIT SHARING AND 401 (K) PLAN

Name: FABCON COMPANIES LLC - FABCON COMPANIES LLC, PROFIT SHARING AND 401 (K) PLAN (2016) Form 5500
Creator: FABCON COMPANIES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FABCON COMPANIES LLC, PROFIT SHARING AND 401 (K) PLAN, FABCON COMPANIES LLC

FABCON COMPANIES LLCEIN 31-1433960Plan #001PY 2016

6111 WEST HIGHWAY 13 - SAVAGE, MN 553781235952-890-4444

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$29.5M

+17.6% from 2015

Total participants

747

+1.4% from 2015

Average account balance

$41,801

+15.6% from 2015

Annual return

6.76%

+6.02 pp from 2015

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.69M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

1,281

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Participant loan ...	$95,322
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES Service code 16 · EIN 35-2552359	Consulting	$18,000
NFP RETIREMENT INC1 year Filed as: NFP ADVISORY SERVICES, LLC Service code 16 · EIN 74-2794194	Consulting	$18,000
BAKER TILLY US, LLP2+ years Filed as: BAKER TILLEY VIRCHOW KRAUSE LLP Service code 10 · EIN 39-0859910	Accounting	$13,500
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$147K

$235 / participant

Investment mgmt$36K24.5%
Other / not subdivided$111K75.5%

% of EOY assets

0.498%

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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,801

$74,024-43.5%

$78,002-46.4%

$57,658-27.5%

Participation rate

93.3%

79.7%+13.5pp

75.5%+17.7pp

70.2%+23.0pp

Annual return

6.76%

12.14%-5.4pp

425.99%-419.2pp

5.13%+1.6pp

Employer contribution / active EE

$3,889

$2,365+64.4%

$2,470+57.5%

$1,974+97.1%

Participant deferral / active EE

$3,868

$3,533+9.5%

$3,497+10.6%

$3,061+26.4%

Admin fee / account holder

$208

$93+123.2%

$5,481-96.2%

$95+120.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Participant loan ...

$95,322

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES

Service code 16 · EIN 35-2552359

Consulting

$18,000

NFP RETIREMENT INC1 year

Filed as: NFP ADVISORY SERVICES, LLC

Service code 16 · EIN 74-2794194

Consulting

$18,000

BAKER TILLY US, LLP2+ years

Filed as: BAKER TILLEY VIRCHOW KRAUSE LLP

Service code 10 · EIN 39-0859910

Accounting

$13,500

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

FABCON COMPANIES LLC, PROFIT SHARING AND 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FABCON COMPANIES LLC, PROFIT SHARING AND 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