Retirement plan

HARRISON PROFIT SHARING & RETIREMENT PLAN

Name: HARRISON STEEL CASTINGS CO - HARRISON PROFIT SHARING & RETIREMENT PLAN (2017) Form 5500
Creator: HARRISON STEEL CASTINGS CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARRISON PROFIT SHARING & RETIREMENT PLAN, HARRISON STEEL CASTINGS CO

HARRISON STEEL CASTINGS COEIN 35-0368130Plan #001PY 2017

P.O. BOX 60 - ATTICA, IN 479180060765-762-9013hscast.comLinkedIn501-1000 employeesmining & metals

Prospect flagsLow returnsHigh feesHigh cashLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.5M

+7.6% from 2016

Total participants

304

+8.2% from 2016

Average account balance

$57,705

-3.0% from 2016

Annual return

11.56%

+10.74 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.69M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

593

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MCCREADY & KEENE INC.3+ years Filed as: MCCREADY & KEENE, INC. Service code 13 · EIN 35-0500670	Contract Administrator	$48,226
REGIONS BANK3+ years Service code 25 · EIN 62-0859006	Directed Trustee	$39,648
BKD, LLP3+ years Service code 10 · EIN 44-0160260	Accounting	$23,873
PROCOURSE FIDUCIARY ADVISORS, LLC1 year Service code 49 · EIN 45-5291215	Other Services	$6,250

Reportable transactions (Schedule G)

3 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2A2E2K2S

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$121K

$497 / participant

Investment mgmt$88K72.8%
Contract admin$1K1.2%
Other / not subdivided$31K26.1%

% of EOY assets

0.688%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,705

$64,909-11.1%

$82,313-29.9%

$62,293-7.4%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

11.56%

21.18%-9.6pp

25.88%-14.3pp

28.90%-17.3pp

Employer contribution / active EE

$1,696

$1,676+1.2%

$2,428-30.2%

$2,042-17.0%

Participant deferral / active EE

$560

$3,103-82.0%

$3,706-84.9%

$3,169-82.3%

Admin fee / account holder

$397

$440-9.6%

$5,608-92.9%

$479-17.1%

Provider

Service type

Compensation

MCCREADY & KEENE INC.3+ years

Filed as: MCCREADY & KEENE, INC.

Service code 13 · EIN 35-0500670

Contract Administrator

$48,226

REGIONS BANK3+ years

Service code 25 · EIN 62-0859006

Directed Trustee

$39,648

BKD, LLP3+ years

Service code 10 · EIN 44-0160260

Accounting

$23,873

PROCOURSE FIDUCIARY ADVISORS, LLC1 year

Service code 49 · EIN 45-5291215

Other Services

$6,250

HARRISON PROFIT SHARING & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARRISON PROFIT SHARING & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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