Retirement plan

SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN

Name: SWANTON WELDING AND MACHINING CO., INC. - SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN (2015) Form 5500
Creator: SWANTON WELDING AND MACHINING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN, SWANTON WELDING AND MACHINING CO., INC.

SWANTON WELDING AND MACHINING CO., INC.EIN 34-1374577Plan #001PY 2015

407 ZEITER WAY - SWANTON, OH 435581341419-826-4816

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

No prior year

Total participants

138

No prior year

Average account balance

$35,393

No prior year

Annual return

0.38%

No prior year

Benchmarks

See 174 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Cohort174 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.77M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

174

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$890K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,384
KAMINSKY AND ASSOCIATES1+ years Service code 27 2340 DETROIT AVENUE 3RD FLOOR · MAUMEE, OH 43537	Advisory (Plan)	$14,164
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$764

Plan features & details

Pension benefit codes2E2F2J3D2T

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).
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$31K

$316 / participant

Contract admin$31K100.0%

% of EOY assets

0.702%

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: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,393

$75,828-53.3%

$67,652-47.7%

Participation rate

87.9%

68.4%+19.5pp

75.7%+12.2pp

Annual return

0.38%

-0.25%+0.6pp

6625.40%-6625.0pp

Employer contribution / active EE

$1,814

$1,407+28.9%

$2,266-19.9%

Participant deferral / active EE

$2,888

$2,505+15.3%

$3,560-18.9%

Admin fee / account holder

$249

$8,125-96.9%

$4,821-94.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,384

KAMINSKY AND ASSOCIATES1+ years

Service code 27

2340 DETROIT AVENUE 3RD FLOOR · MAUMEE, OH 43537

Advisory (Plan)

$14,164

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$764

SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWANTON WELDING AND MACHINING CO., INC. 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