Retirement plan

SPRAYING SYSTEMS CO. EMPLOYEES' PROFIT SHARING AND 401(K) PLAN

Name: SPRAYING SYSTEMS CO - SPRAYING SYSTEMS CO. EMPLOYEES' PROFIT SHARING AND 401(K) PLAN (2015) Form 5500
Creator: SPRAYING SYSTEMS CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPRAYING SYSTEMS CO. EMPLOYEES' PROFIT SHARING AND 401(K) PLAN, SPRAYING SYSTEMS CO

SPRAYING SYSTEMS COEIN 36-1922920Plan #002PY 2015

200 WEST NORTH AVENUE - GLENDALE HEIGHTS, IL 60139630-665-5000spray.comLinkedIn501-1000 employeesmachinery

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 2, 1997 (most recent of 2 filings on file)

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)

$184.3M

No prior year

Total participants

1,036

No prior year

Average account balance

$186,897

No prior year

Annual return

-4.47%

No prior year

Benchmarks

See 2,226 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,226 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$255.11M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

1,358

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$126

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
BMO HARRIS BANK NA1+ years Service code 15 · EIN 36-2085229	Recordkeeping	$122,525
MONDRIAN INVESTMENT GROUP1+ years Filed as: MONDRIAN INVESTMENT GROUP, INC. Service code 28 TWO COMMERCE SQUARE · PHILADELPHIA, PA 191037039	Investment Management	$115,647
AMERICAN UNITED LIFE INSURANCE CO1+ years Filed as: ONEAMERICA RETIREMENT SERVICE, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$112,739
PRICEWATERHOUSECOOPERS LLP1+ years Filed as: PRICEWATERHOUSECOOPERS Service code 10 · EIN 13-5326270	Accounting	$30,400

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

4 tripped

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.
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

$381K

$382 / participant

Investment mgmt$116K30.3%
Other / not subdivided$266K69.7%

% of EOY assets

0.207%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 135326270
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,897

$72,770+156.8%

$67,652+176.3%

$55,191+238.6%

Participation rate

95.0%

78.8%+16.2pp

75.7%+19.3pp

69.2%+25.8pp

Annual return

-4.47%

-3.26%-1.2pp

6625.04%-6629.5pp

10.78%-15.2pp

Employer contribution / active EE

$5,176

$1,769+192.5%

$2,266+128.5%

$1,899+172.6%

Participant deferral / active EE

$3,034

$3,408-11.0%

$3,560-14.8%

$3,046-0.4%

Admin fee / account holder

$387

$79+390.7%

$4,821-92.0%

$91+326.0%

Provider

Service type

Compensation

BMO HARRIS BANK NA1+ years

Service code 15 · EIN 36-2085229

Recordkeeping

$122,525

MONDRIAN INVESTMENT GROUP1+ years

Filed as: MONDRIAN INVESTMENT GROUP, INC.

Service code 28

TWO COMMERCE SQUARE · PHILADELPHIA, PA 191037039

Investment Management

$115,647

AMERICAN UNITED LIFE INSURANCE CO1+ years

Filed as: ONEAMERICA RETIREMENT SERVICE, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$112,739

PRICEWATERHOUSECOOPERS LLP1+ years

Filed as: PRICEWATERHOUSECOOPERS

Service code 10 · EIN 13-5326270

Accounting

$30,400

SPRAYING SYSTEMS CO. EMPLOYEES' 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

SPRAYING SYSTEMS CO. EMPLOYEES' 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