Retirement plan

CORNWELL QUALITY TOOLS COMPANY PROFIT SHARING 401(K) PLAN

Name: CORNWELL QUALITY TOOLS COMPANY - CORNWELL QUALITY TOOLS COMPANY PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: CORNWELL QUALITY TOOLS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNWELL QUALITY TOOLS COMPANY PROFIT SHARING 401(K) PLAN, CORNWELL QUALITY TOOLS COMPANY

CORNWELL QUALITY TOOLS COMPANYEIN 34-0165010Plan #002PY 2016

200 N. CLEVELAND AVE. - MOGADORE, OH 44260330-336-3506cornwelltools.comLinkedIn201-500 employeesautomotive

Other plans on this EIN

1 filing

#006Retirement-$29.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.4M

-1.4% from 2015

Total participants

225

+6.6% from 2015

Average account balance

$57,685

-6.3% from 2015

Annual return

5.88%

+4.53 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.92M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

308

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.

86.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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

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 codes2E2F2G2J

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$7K

$35 / participant

Contract admin$7K99.3%
Other / not subdivided$520.7%

% of EOY assets

0.069%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,685

$60,165-4.1%

$74,184-22.2%

$55,167+4.6%

Participation rate

78.9%

74.2%+4.8pp

76.6%+2.3pp

69.0%+10.0pp

Annual return

5.88%

10.00%-4.1pp

17.74%-11.9pp

169.23%-163.4pp

Employer contribution / active EE

$1,600-100.0%

$2,370-100.0%

$1,963-100.0%

Participant deferral / active EE

$3,472

$2,973+16.8%

$3,550-2.2%

$3,054+13.7%

Admin fee / account holder

$40

$419-90.5%

$5,586-99.3%

$504-92.1%

CORNWELL QUALITY TOOLS COMPANY PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNWELL QUALITY TOOLS COMPANY PROFIT SHARING 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