Retirement plan

ADENA CORPORATION 401K PROFIT SHARING PLAN AND TRUST

Name: ADENA CORPORATION - ADENA CORPORATION 401K PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: ADENA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADENA CORPORATION 401K PROFIT SHARING PLAN AND TRUST, ADENA CORPORATION

ADENA CORPORATIONEIN 34-1376430Plan #002PY 2016

1310 WEST FOURTH STREET - MANSFIELD, OH 44906419-529-4456adenacorporation.comLinkedIn501-1000 employeesconstruction

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$9.5M

+6.3% from 2015

Total participants

167

-4.0% from 2015

Average account balance

$60,365

+10.4% from 2015

Annual return

9.78%

+13.25 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.68M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

583

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.59M

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

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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 5 by compensation

Provider	Service type	Compensation
ESB WEALTH MANAGEMENT2+ years Filed as: ESB WEALTH Service code 51 PO BOX 636 · MANSFIELD, OH 44901	Investment Mgmt Fees	$21,976
PROTPA2+ years Service code 37 PO BOX 636 · MANSFIELD, OH 44901	Loan Processing	$21,386
MILLENNIUM INVESTMENT & RETIREMENT2+ years Service code 14 13850 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277	Plan Administrator	$5,000
LT TRUST COMPANY2+ years Filed as: MG TRUST COMPANY Service code 19 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Securities Custodian	$4,395
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL Service code 99 P.O. BOX 13467 · PHILADELPHIA, PA 19176	Other Fees	$3,735

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$56K

$364 / participant

Investment mgmt$22K38.9%
Contract admin$31K54.5%
Other / not subdivided$4K6.6%

% of EOY assets

0.596%

all-in expense ratio

Categories reported

2 / 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: WILGING, ROUSH & PARSONS CPAS
Auditor EIN: 460765923
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,365

$52,884+14.1%

$84,753-28.8%

$55,167+9.4%

Participation rate

93.5%

67.5%+26.0pp

76.6%+17.0pp

69.0%+24.6pp

Annual return

9.78%

18.03%-8.3pp

22.78%-13.0pp

169.23%-159.5pp

Employer contribution / active EE

$5,154

$2,233+130.8%

$3,574+44.2%

$1,963+162.6%

Participant deferral / active EE

$3,251

$2,644+23.0%

$3,712-12.4%

$3,054+6.4%

Admin fee / account holder

$360

$581-38.0%

$5,333-93.3%

$504-28.6%

Provider

Service type

Compensation

ESB WEALTH MANAGEMENT2+ years

Filed as: ESB WEALTH

Service code 51

PO BOX 636 · MANSFIELD, OH 44901

Investment Mgmt Fees

$21,976

PROTPA2+ years

Service code 37

PO BOX 636 · MANSFIELD, OH 44901

Loan Processing

$21,386

MILLENNIUM INVESTMENT & RETIREMENT2+ years

Service code 14

13850 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277

Plan Administrator

$5,000

LT TRUST COMPANY2+ years

Filed as: MG TRUST COMPANY

Service code 19

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Securities Custodian

$4,395

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL

Service code 99

P.O. BOX 13467 · PHILADELPHIA, PA 19176

Other Fees

$3,735

ADENA CORPORATION 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADENA CORPORATION 401K PROFIT SHARING PLAN AND 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