Retirement plan

PRO-CAST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: PRO-CAST PRODUCTS, INC. - PRO-CAST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: PRO-CAST PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO-CAST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, PRO-CAST PRODUCTS, INC.

PRO-CAST PRODUCTS, INC.EIN 33-0223003Plan #001PY 2022

27417 3RD STREET - HIGHLAND, CA 92346909-793-7602LinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$4.5M assets

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.9M

-11.3% from 2021

Total participants

106

+1.0% from 2021

Average account balance

$60,849

+5.7% from 2021

Annual return

-10.97%

-29.56 pp from 2021

Benchmarks

See 143 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Cohort143 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.97M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

48.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$275K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2416

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 3 by compensation

Provider	Service type	Compensation
MONARCH PLAN ADVISORS3 years Filed as: MONARCH CORPORATE ADVISORS, INCL Service code 27 40 W. EAST STREET, #4 · SIMI VALLEY, CA 93065	Advisory (Plan)	$12,798
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN INVEST HOLDINGS LLC Service code 64 · EIN 13-4166989	Recordkeeping Fees	$6,497
TRUOG-RYDING COMPANY, INC.3 years Filed as: TRUOG-RYDING COMPANY INC Service code 13 · EIN 95-3497679 2659 TOWNSGATE ROAD, #101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$2,055

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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$213 / participant

Investment mgmt$19K90.3%
Contract admin$2K9.7%

% of EOY assets

0.738%

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: ROORDA, PIQUET & BESSEE INC.
Auditor EIN: 330252865
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,849

$85,713-29.0%

$86,698-29.8%

Participation rate

40.4%

72.2%-31.8pp

76.6%-36.2pp

Annual return

-10.97%

-20.12%+9.1pp

35.96%-46.9pp

Employer contribution / active EE

$386

$1,789-78.4%

$2,837-86.4%

Participant deferral / active EE

$2,374

$3,318-28.4%

$4,656-49.0%

Admin fee / account holder

$449

$28,935-98.4%

$7,492-94.0%

Provider

Service type

Compensation

MONARCH PLAN ADVISORS3 years

Filed as: MONARCH CORPORATE ADVISORS, INCL

Service code 27

40 W. EAST STREET, #4 · SIMI VALLEY, CA 93065

Advisory (Plan)

$12,798

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN INVEST HOLDINGS LLC

Service code 64 · EIN 13-4166989

Recordkeeping Fees

$6,497

TRUOG-RYDING COMPANY, INC.3 years

Filed as: TRUOG-RYDING COMPANY INC

Service code 13 · EIN 95-3497679

2659 TOWNSGATE ROAD, #101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$2,055

PRO-CAST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO-CAST PRODUCTS, 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