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 (2017) 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 2017

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)

$212.2M

+7.7% from 2016

Total participants

1,116

+6.0% from 2016

Average account balance

$200,415

+2.4% from 2016

Annual return

12.20%

+5.22 pp from 2016

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

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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 5 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3+ years Filed as: ONEAMERICA RETIREMENT SERVICE, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$242,699
MONDRIAN INVESTMENT GROUP3+ years Filed as: MONDRIAN INVESTMENT GROUP, INC. Service code 28 TWO COMMERCE SQUARE · PHILADELPHIA, PA 191037039	Investment Management	$149,037
PRICEWATERHOUSECOOPERS LLP3+ years Filed as: PRICEWATERHOUSECOOPERS Service code 10 · EIN 13-5326270	Accounting	$32,550
BMO HARRIS BANK NA3+ years Service code 19 · EIN 36-2085229	Securities Custodian	$0
BMO HARRIS BANK NA2 years Filed as: BMO HARRIS BANK, NA Service code 19	Securities Custodian	$0

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

$424K

$404 / participant

Investment mgmt$149K35.1%
Other / not subdivided$275K64.9%

% of EOY assets

0.200%

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

$200,415

$88,730+125.9%

$82,313+143.5%

$77,958+157.1%

Participation rate

94.6%

84.5%+10.0pp

76.9%+17.7pp

71.6%+22.9pp

Annual return

12.20%

20.88%-8.7pp

25.88%-13.7pp

20.87%-8.7pp

Employer contribution / active EE

$6,471

$2,758+134.6%

$2,428+166.5%

$2,310+180.1%

Participant deferral / active EE

$3,207

$4,634-30.8%

$3,706-13.5%

$3,537-9.3%

Admin fee / account holder

$401

$74+441.5%

$5,608-92.9%

$97+311.4%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3+ years

Filed as: ONEAMERICA RETIREMENT SERVICE, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$242,699

MONDRIAN INVESTMENT GROUP3+ years

Filed as: MONDRIAN INVESTMENT GROUP, INC.

Service code 28

TWO COMMERCE SQUARE · PHILADELPHIA, PA 191037039

Investment Management

$149,037

PRICEWATERHOUSECOOPERS LLP3+ years

Filed as: PRICEWATERHOUSECOOPERS

Service code 10 · EIN 13-5326270

Accounting

$32,550

BMO HARRIS BANK NA3+ years

Service code 19 · EIN 36-2085229

Securities Custodian

BMO HARRIS BANK NA2 years

Filed as: BMO HARRIS BANK, NA

Service code 19

Securities Custodian

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