Retirement plan

NEWESCO, INC. 401(K) PROFIT SHARING PLAN

Name: NELSON-WESTERBERG, INC. - NEWESCO, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NELSON-WESTERBERG, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWESCO, INC. 401(K) PROFIT SHARING PLAN, NELSON-WESTERBERG, INC.

NELSON-WESTERBERG, INC.EIN 36-1539760Plan #001PY 2016

1500 ARTHUR AVENUE, SUITE 200, EXECUTIVE OFFICES - ELK GROVE VILLAGE, IL 600075739847-437-2080

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.8M

No prior year

Total participants

249

No prior year

Average account balance

$66,063

No prior year

Annual return

5.58%

No prior year

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.09M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

164

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

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

+16.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
RCM&D2+ years Filed as: RCM WEALTH ADVISORS Service code 17 621 S. PLYMOUTH COURT · CHICAGO, IL 60605	Pension Consulting	$38,538
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 15 333 S. HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping	$3,460
PENSION PERFORMANCE, INC.1+ years Service code 10 2551 DIVISION STREET, SUITE 104 · JOLIET, IL 60435	Accounting	$116
AMERICAN FUNDS1+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$42K

$240 / participant

Contract admin$42K100.0%

% of EOY assets

0.357%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROCKOFF, HARLAN, RASOF, LTD.
Auditor EIN: 362695762
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,063

$44,425+48.7%

$67,834-2.6%

$55,167+19.7%

Participation rate

59.4%

59.7%-0.3pp

68.8%-9.4pp

69.0%-9.6pp

Annual return

5.58%

17.80%-12.2pp

138.47%-132.9pp

169.23%-163.7pp

Employer contribution / active EE

$882

$1,351-34.7%

$2,403-63.3%

$1,963-55.0%

Participant deferral / active EE

$2,627

$2,166+21.3%

$3,160-16.9%

$3,054-14.0%

Admin fee / account holder

$236

$530-55.5%

$4,622-94.9%

$504-53.2%

Provider

Service type

Compensation

RCM&D2+ years

Filed as: RCM WEALTH ADVISORS

Service code 17

621 S. PLYMOUTH COURT · CHICAGO, IL 60605

Pension Consulting

$38,538

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 15

333 S. HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping

$3,460

PENSION PERFORMANCE, INC.1+ years

Service code 10

2551 DIVISION STREET, SUITE 104 · JOLIET, IL 60435

Accounting

$116

AMERICAN FUNDS1+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 15

Recordkeeping

NEWESCO, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWESCO, INC. 401(K) 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