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 (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.1M

+22.1% from 2019

Total participants

147

+5.8% from 2019

Average account balance

$136,844

+15.5% from 2019

Annual return

17.03%

-3.50 pp from 2019

Benchmarks

See 14,879 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,879 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
SPERO SMITH6+ years Service code 27 50 PUBLIC SQUARE · CLEVELAND, OH 44113	Advisory (Plan)	$20,642
NOBLE-DAVIS CONSULTING, INC.1 year Filed as: NOBLE-DAVIS CONSULTING Service code 13 · EIN 34-1723189 6190 COCHRAN ROAD · SOLON, OH 44139	Contract Administrator	$6,717

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$32K

$333 / participant

Investment mgmt$32K100.0%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,844

$78,423+74.5%

$95,964+42.6%

$79,856+71.4%

Participation rate

100.0%

73.5%+26.5pp

77.1%+22.9pp

69.6%+30.4pp

Annual return

17.03%

19.37%-2.3pp

91.64%-74.6pp

31.71%-14.7pp

Employer contribution / active EE

$11,064

$1,945+468.7%

$2,541+335.4%

$2,471+347.7%

Participant deferral / active EE

$3,135

$3,440-8.9%

$4,167-24.8%

$3,741-16.2%

Admin fee / account holder

$217

$5,622-96.1%

$6,797-96.8%

$5,306-95.9%

Provider

Service type

Compensation

SPERO SMITH6+ years

Service code 27

50 PUBLIC SQUARE · CLEVELAND, OH 44113

Advisory (Plan)

$20,642

NOBLE-DAVIS CONSULTING, INC.1 year

Filed as: NOBLE-DAVIS CONSULTING

Service code 13 · EIN 34-1723189

6190 COCHRAN ROAD · SOLON, OH 44139

Contract Administrator

$6,717

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