Retirement plan

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN

Name: PEARL CITY ELEVATOR, INC - PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PEARL CITY ELEVATOR, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN, PEARL CITY ELEVATOR, INC

PEARL CITY ELEVATOR, INCEIN 36-1608730Plan #001PY 2020

119 SOUTH MAIN STREET - PEARL CITY, IL 61062815-443-2512

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.5M

+15.7% from 2019

Total participants

134

0.0% from 2019

Average account balance

$69,321

+15.7% from 2019

Annual return

15.14%

-6.85 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.19M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

163

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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 1 by compensation

Provider	Service type	Compensation
MIDLAND STATES BANK3 years Service code 21 · EIN 37-0259550	Bank Trustee	$28,945

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$31K

$286 / participant

Contract admin$31K100.0%

% of EOY assets

0.416%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,321

$59,328+16.8%

$118,914-41.7%

$73,497-5.7%

Participation rate

76.1%

62.3%+13.8pp

75.4%+0.7pp

70.7%+5.5pp

Annual return

15.14%

19.13%-4.0pp

35.89%-20.7pp

28.51%-13.4pp

Employer contribution / active EE

$1,674

$1,803-7.2%

$3,264-48.7%

$2,270-26.3%

Participant deferral / active EE

$3,122

$2,604+19.9%

$4,266-26.8%

$3,740-16.5%

Admin fee / account holder

$289

$600-51.9%

$6,582-95.6%

$513-43.7%

Provider

Service type

Compensation

MIDLAND STATES BANK3 years

Service code 21 · EIN 37-0259550

Bank Trustee

$28,945

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEARL CITY ELEVATOR, 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