Retirement plan

THE FLEXAUST/FLEXADUX 401K PROFIT SHARING PLAN

Name: THE FLEXAUST COMPANY INC. - THE FLEXAUST/FLEXADUX 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: THE FLEXAUST COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FLEXAUST/FLEXADUX 401K PROFIT SHARING PLAN, THE FLEXAUST COMPANY INC.

THE FLEXAUST COMPANY INC.EIN 35-1950597Plan #001PY 2017

1510 ARMSTRONG ROAD, PO BOX 4275 - WARSAW, IN 465814275574-267-7909flexaust.comLinkedIn51-200 employeesplastics

Prospect flagsLow returnsHigh feesHigh cashLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.4M

+4.4% from 2016

Total participants

353

+5.7% from 2016

Average account balance

$62,781

+16.0% from 2016

Annual return

13.33%

+6.90 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.31M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

369

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$345

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 5 by compensation

Provider	Service type	Compensation
SYM FINANCIAL CORPORATION3+ years Service code 26 · EIN 35-1550787	Advisory (Participants)	$49,097
ASCENSUS LLC1 year Filed as: BADEN GAGE & SCHROEDER, LLC Service code 10 · EIN 35-1939627	Accounting	$16,000
ASCENSUS LLC3+ years Filed as: ASCENSUS CONSULTING Service code 13 · EIN 11-3665754	Contract Administrator	$14,609
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$3,367
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Securities brokerage	$967

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$87K

$277 / participant

Investment mgmt$49K56.3%
Contract admin$18K20.6%
Other / not subdivided$20K23.0%

% of EOY assets

0.701%

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: BADEN GAGE & SCHROEDER, LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,781

$69,305-9.4%

$82,312-23.7%

$69,631-9.8%

Participation rate

50.8%

80.3%-29.5pp

76.9%-26.1pp

70.7%-19.9pp

Annual return

13.33%

21.47%-8.1pp

25.88%-12.5pp

27571.02%-27557.7pp

Employer contribution / active EE

$1,559

$1,887-17.4%

$2,428-35.8%

$2,032-23.3%

Participant deferral / active EE

$1,944

$3,568-45.5%

$3,706-47.5%

$3,224-39.7%

Admin fee / account holder

$440

$97+352.8%

$5,608-92.2%

$110+298.5%

Provider

Service type

Compensation

SYM FINANCIAL CORPORATION3+ years

Service code 26 · EIN 35-1550787

Advisory (Participants)

$49,097

ASCENSUS LLC1 year

Filed as: BADEN GAGE & SCHROEDER, LLC

Service code 10 · EIN 35-1939627

Accounting

$16,000

ASCENSUS LLC3+ years

Filed as: ASCENSUS CONSULTING

Service code 13 · EIN 11-3665754

Contract Administrator

$14,609

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$3,367

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Securities brokerage

$967

THE FLEXAUST/FLEXADUX 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FLEXAUST/FLEXADUX 401K PROFIT SHARING 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