Retirement plan

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Name: THE PIPE LINE DEVELOPMENT COMPANY - THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST (2017) Form 5500
Creator: THE PIPE LINE DEVELOPMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST, THE PIPE LINE DEVELOPMENT COMPANY

THE PIPE LINE DEVELOPMENT COMPANYEIN 34-0805493Plan #002PY 2017

870 CANTERBURY RD - WESTLAKE, OH 44145440-871-5700LinkedIn11-50 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.3M

+9.3% from 2016

Total participants

111

-4.3% from 2016

Average account balance

$170,993

+18.5% from 2016

Annual return

17.88%

+12.06 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.53M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

142

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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 3 by compensation

Provider	Service type	Compensation
SPERO SMITH3+ years Service code 27 50 PUBLIC SQUARE · CLEVELAND, OH 44113	Advisory (Plan)	$21,409
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 64 · EIN 11-3665754	Recordkeeping Fees	$9,750
NOBLE-DAVIS CONSULTING, INC.3+ years Filed as: NOBLE DAVIS CONSULTING Service code 13 · EIN 34-1723189 6190 COCHRAN ROAD · SOLON, OH 44139	Contract Administrator	$7,123

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$36K

$388 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.195%

all-in expense ratio

Categories reported

0 / 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: SKODA MINOTTI
Auditor EIN: 341945206
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,993

$67,602+152.9%

$82,312+107.7%

$70,126+143.8%

Participation rate

95.7%

72.8%+22.9pp

76.9%+18.8pp

69.5%+26.1pp

Annual return

17.88%

21.57%-3.7pp

25.88%-8.0pp

73.15%-55.3pp

Employer contribution / active EE

$9,767

$1,755+456.5%

$2,428+302.2%

$2,343+316.9%

Participant deferral / active EE

$2,921

$2,987-2.2%

$3,706-21.2%

$3,332-12.3%

Admin fee / account holder

$334

$4,512-92.6%

$5,608-94.0%

$4,645-92.8%

Provider

Service type

Compensation

SPERO SMITH3+ years

Service code 27

50 PUBLIC SQUARE · CLEVELAND, OH 44113

Advisory (Plan)

$21,409

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 64 · EIN 11-3665754

Recordkeeping Fees

$9,750

NOBLE-DAVIS CONSULTING, INC.3+ years

Filed as: NOBLE DAVIS CONSULTING

Service code 13 · EIN 34-1723189

6190 COCHRAN ROAD · SOLON, OH 44139

Contract Administrator

$7,123

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PIPE LINE DEVELOPMENT COMPANY EMPLOYEES' 401(K) PROFIT SHARING PLAN & 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