Retirement plan

FERRAGON CORP. THRIFT INCENTIVE PLAN

Name: FERRAGON CORPORATION - FERRAGON CORP. THRIFT INCENTIVE PLAN (2017) Form 5500
Creator: FERRAGON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FERRAGON CORP. THRIFT INCENTIVE PLAN, FERRAGON CORPORATION

FERRAGON CORPORATIONEIN 34-1384033Plan #001PY 2017

11103 MEMPHIS AVENUE - CLEVELAND, OH 441442055216-671-6161ferragon.comLinkedIn51-200 employeesconsumer goods

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9.1M

+14.9% from 2016

Total participants

227

+1.8% from 2016

Average account balance

$63,407

+18.9% from 2016

Annual return

9.77%

+3.99 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.57M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

204

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.

70.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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
VALMARK ADVISERS INC3+ years Filed as: VALMARK SECURITIES Service code 27 · EIN 34-1724087	Advisory (Plan)	$13,391
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: PRUDENTIAL RETIREMENT INS CO Service code 15 · EIN 06-1050034	Recordkeeping	$4,830
OMEGA PENSIONS INC3+ years Filed as: OMEGA PENSIONS, INC. Service code 15 · EIN 34-1487217	Recordkeeping	$1,000

Plan features & details

Pension benefit codes2G2J2K3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$9 / participant

Contract admin$2K100.0%

% of EOY assets

0.022%

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: COHEN & COMPANY, LTD
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,407

$64,909-2.3%

$82,312-23.0%

$62,293+1.8%

Participation rate

60.3%

74.9%-14.6pp

76.9%-16.6pp

69.5%-9.2pp

Annual return

9.77%

21.18%-11.4pp

25.88%-16.1pp

28.90%-19.1pp

Employer contribution / active EE

$951

$1,676-43.2%

$2,428-60.8%

$2,042-53.4%

Participant deferral / active EE

$3,165

$3,103+2.0%

$3,706-14.6%

$3,169-0.1%

Admin fee / account holder

$14

$440-96.9%

$5,608-99.8%

$479-97.1%

Provider

Service type

Compensation

VALMARK ADVISERS INC3+ years

Filed as: VALMARK SECURITIES

Service code 27 · EIN 34-1724087

Advisory (Plan)

$13,391

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: PRUDENTIAL RETIREMENT INS CO

Service code 15 · EIN 06-1050034

Recordkeeping

$4,830

OMEGA PENSIONS INC3+ years

Filed as: OMEGA PENSIONS, INC.

Service code 15 · EIN 34-1487217

Recordkeeping

$1,000

FERRAGON CORP. THRIFT INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FERRAGON CORP. THRIFT INCENTIVE 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