Retirement plan

POTOMAC CORPORATION PROFIT SHARING AND 401(K) PLAN

Name: POTOMAC CORPORATION - POTOMAC CORPORATION PROFIT SHARING AND 401(K) PLAN (2018) Form 5500
Creator: POTOMAC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POTOMAC CORPORATION PROFIT SHARING AND 401(K) PLAN, POTOMAC CORPORATION

POTOMAC CORPORATIONEIN 36-0897610Plan #001PY 2018

2063 FOSTER AVENUE, PO BOX 67 - WHEELING, IL 60090847-259-0546potomaccorp.comLinkedIn51-200 employees

Prospect flagsHigh feesLow participationCorrective distributions

Top hat statement on fileNQDC

Filed March 31, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$15.2M

-6.6% from 2017

Total participants

138

-2.1% from 2017

Average account balance

$163,375

-2.6% from 2017

Annual return

-1.84%

-11.63 pp from 2017

Benchmarks

See 5,892 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,892 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.24M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

36.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$611K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$614

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 8 by compensation

Provider	Service type	Compensation
PROMANAGE LLC4+ years Filed as: PROMANAGE, LLC Service code 27 · EIN 76-0767808	Advisory (Plan)	$19,312
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$9,721
AMERICAN CENTURY2 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DELAWARE INVESTMENTS2 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
DODGE & COX2 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-1945930	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3F2T

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$326 / participant

Investment mgmt$27K93.8%
Contract admin$2K6.2%

% of EOY assets

0.191%

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: MILLER COOPER AND CO., LTD.
Auditor EIN: 362897372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,375

$61,660+165.0%

$80,022+104.2%

$64,173+154.6%

Participation rate

49.4%

71.7%-22.3pp

75.8%-26.4pp

69.6%-20.1pp

Annual return

-1.84%

-0.33%-1.5pp

11.22%-13.1pp

7.63%-9.5pp

Employer contribution / active EE

$1,810-100.0%

$2,468-100.0%

$2,381-100.0%

Participant deferral / active EE

$3,743

$2,968+26.1%

$3,686+1.6%

$3,470+7.9%

Admin fee / account holder

$312

$5,417-94.2%

$6,521-95.2%

$4,887-93.6%

Provider

Service type

Compensation

PROMANAGE LLC4+ years

Filed as: PROMANAGE, LLC

Service code 27 · EIN 76-0767808

Advisory (Plan)

$19,312

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$9,721

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DELAWARE INVESTMENTS2 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

DODGE & COX2 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 59-6865210

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-1945930

Indirect Investment Fees

POTOMAC CORPORATION PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POTOMAC CORPORATION PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

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