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 (2016) 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 2016

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.5M

+0.0% from 2015

Total participants

129

-6.5% from 2015

Average account balance

$35,975

+1.6% from 2015

Annual return

7.04%

+6.66 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

$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 INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,646
KAMINSKY AND ASSOCIATES2+ years Service code 27 2340 DETROIT AVENUE 3RD FLOOR · MAUMEE, OH 43537	Advisory (Plan)	$17,572
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,317

Plan features & details

Pension benefit codes2E2F2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$34K

$331 / participant

Contract admin$34K100.0%

% of EOY assets

0.758%

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

$35,975

$60,165-40.2%

$74,184-51.5%

$55,167-34.8%

Participation rate

95.1%

74.2%+20.9pp

76.6%+18.5pp

69.0%+26.1pp

Annual return

7.04%

10.00%-3.0pp

17.74%-10.7pp

169.23%-162.2pp

Employer contribution / active EE

$1,795

$1,600+12.2%

$2,370-24.3%

$1,963-8.6%

Participant deferral / active EE

$2,763

$2,973-7.0%

$3,550-22.2%

$3,054-9.5%

Admin fee / account holder

$273

$419-35.0%

$5,586-95.1%

$504-45.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,646

KAMINSKY AND ASSOCIATES2+ years

Service code 27

2340 DETROIT AVENUE 3RD FLOOR · MAUMEE, OH 43537

Advisory (Plan)

$17,572

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,317

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