Retirement plan

ECI, INC. 401K SALARY REDUCTION PLAN AND TRUST

Name: ECI, INC. - ECI, INC. 401K SALARY REDUCTION PLAN AND TRUST (2018) Form 5500
Creator: ECI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECI, INC. 401K SALARY REDUCTION PLAN AND TRUST, ECI, INC.

ECI, INC.EIN 34-1745825Plan #001PY 2018

2036 EAST TOWNSHIP ROAD 122 - TIFFIN, OH 448831841419-443-0767LinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$5.9M assets

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

+18.9% from 2017

Total participants

148

+13.8% from 2017

Average account balance

$11,687

-0.0% from 2017

Annual return

8.14%

-1.39 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.30M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

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.

66.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$289K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2862

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

0 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,769
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$6,152
EDWARD JONES3+ years Filed as: EDWARD D.A. SOMMER Service code 27 300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085	Advisory (Plan)	$3,107
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FIN SVCS ADV, INC Service code 27 · EIN 59-2937883	Advisory (Plan)	$1,639
INVEST FINANCIAL CORPORATION3+ years Filed as: INVEST FINANCIAL CORP INS AGY Service code 27 5555 GRANDE MARKET DRIVE · APPLETON, WI 54913	Advisory (Plan)	$0
INVEST FINANCIAL CORPORATION3+ years Service code 27 5555 GRANDE MARKET DRIVE · APPLETON, WI 54913	Advisory (Plan)	$0
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FIN SERV ADVISORS Service code 27 880 CARILLON PARKWAY · SAINT PETERSBURG, FL 33716	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D2K

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$206 / participant

Contract admin$15K66.2%
Other / not subdivided$8K33.8%

% of EOY assets

1.470%

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: BRADY, WARE & SCHOENFELD INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,687

$47,977-75.6%

$154,111-92.4%

$56,287-79.2%

Participation rate

85.5%

66.2%+19.3pp

83.0%+2.4pp

69.9%+15.6pp

Annual return

8.14%

3.54%+4.6pp

735.18%-727.0pp

-9.96%+18.1pp

Employer contribution / active EE

$1,455

$2,169-32.9%

$5,298-72.5%

$2,111-31.1%

Participant deferral / active EE

$601

$2,392-74.9%

$5,081-88.2%

$3,350-82.0%

Admin fee / account holder

$172

$438-60.8%

$13,411-98.7%

$521-67.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,769

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$6,152

EDWARD JONES3+ years

Filed as: EDWARD D.A. SOMMER

Service code 27

300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085

Advisory (Plan)

$3,107

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FIN SVCS ADV, INC

Service code 27 · EIN 59-2937883

Advisory (Plan)

$1,639

INVEST FINANCIAL CORPORATION3+ years

Filed as: INVEST FINANCIAL CORP INS AGY

Service code 27

5555 GRANDE MARKET DRIVE · APPLETON, WI 54913

Advisory (Plan)

INVEST FINANCIAL CORPORATION3+ years

Service code 27

5555 GRANDE MARKET DRIVE · APPLETON, WI 54913

Advisory (Plan)

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FIN SERV ADVISORS

Service code 27

880 CARILLON PARKWAY · SAINT PETERSBURG, FL 33716

Advisory (Plan)

ECI, INC. 401K SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECI, INC. 401K SALARY REDUCTION 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