Retirement plan

TURNER VAULT COMPANY EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Name: TURNER VAULT COMPANY - TURNER VAULT COMPANY EMPLOYEES' PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: TURNER VAULT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TURNER VAULT COMPANY EMPLOYEES' PROFIT SHARING PLAN AND TRUST, TURNER VAULT COMPANY

TURNER VAULT COMPANYEIN 34-4472867Plan #001PY 2019

2121 TRACY ROAD - NORTHWOOD, OH 43619419-662-9000turnervault.comLinkedIn1-10 employeeschemicals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+21.5% from 2018

Total participants

-7.0% from 2018

Average account balance

$74,220

+30.6% from 2018

Annual return

26.43%

+29.30 pp from 2018

Benchmarks

See 5,808 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,808 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.26M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$225K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20627

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$286K

$11015 / participant

Other / not subdivided$286K100.0%

% of EOY assets

9.647%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,220

$76,367-2.8%

$93,614-20.7%

$72,983+1.7%

Participation rate

100.0%

71.7%+28.3pp

75.8%+24.2pp

69.5%+30.5pp

Annual return

26.43%

25.82%+0.6pp

32.76%-6.3pp

81.01%-54.6pp

Employer contribution / active EE

$3,005

$2,275+32.1%

$2,718+10.6%

$2,440+23.2%

Participant deferral / active EE

$2,566

$3,538-27.5%

$4,069-37.0%

$3,608-28.9%

Admin fee / account holder

$7,160

$6,838+4.7%

$7,889-9.2%

$5,124+39.7%

TURNER VAULT COMPANY EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TURNER VAULT COMPANY EMPLOYEES' 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