Retirement plan

PRESTON INDUSTRIES, INC. 401(K) PLAN

Name: PRESTON INDUSTRIES, INC - PRESTON INDUSTRIES, INC. 401(K) PLAN (2016) Form 5500
Creator: PRESTON INDUSTRIES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESTON INDUSTRIES, INC. 401(K) PLAN, PRESTON INDUSTRIES, INC

PRESTON INDUSTRIES, INCEIN 36-2751864Plan #001PY 2016

6600 WEST TOUHY AVENUE - NILES, IL 607144588847-647-0611LinkedIn51-200 employeesmachinery

Prospect flagsLow employer contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+16.9% from 2015

Total participants

191

+1.6% from 2015

Average account balance

$25,939

+8.1% from 2015

Annual return

10.35%

+11.95 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.44M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

149

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.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$555K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Filed as: NATIONWIDE TRUST COMPANY Service code 19 · EIN 31-1592130	Securities Custodian	$24,603
HOWARD SIMON & ASSOCIATES, INC.2+ years Service code 37 · EIN 36-3132823	Loan Processing	$2,730
WINTRUST INVESTMENTS LLC2+ years Filed as: WAYNE HUMMER INVESTMENTS, LLC Service code 27 222 S. RIVERSIDE PLAZA · CHICAGO, IL 606066607	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$19 / participant

Contract admin$3K100.0%

% of EOY assets

0.066%

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: MILLER, COOPER & COMPANY, LTD
Auditor EIN: 362897372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,939

$60,165-56.9%

$74,184-65.0%

$55,167-53.0%

Participation rate

77.5%

74.2%+3.3pp

76.6%+0.8pp

69.0%+8.5pp

Annual return

10.35%

10.00%+0.4pp

17.74%-7.4pp

169.23%-158.9pp

Employer contribution / active EE

$144

$1,600-91.0%

$2,370-93.9%

$1,963-92.6%

Participant deferral / active EE

$2,412

$2,973-18.8%

$3,550-32.0%

$3,054-21.0%

Admin fee / account holder

$17

$419-95.9%

$5,586-99.7%

$504-96.6%

Provider

Service type

Compensation

NATIONWIDE2+ years

Filed as: NATIONWIDE TRUST COMPANY

Service code 19 · EIN 31-1592130

Securities Custodian

$24,603

HOWARD SIMON & ASSOCIATES, INC.2+ years

Service code 37 · EIN 36-3132823

Loan Processing

$2,730

WINTRUST INVESTMENTS LLC2+ years

Filed as: WAYNE HUMMER INVESTMENTS, LLC

Service code 27

222 S. RIVERSIDE PLAZA · CHICAGO, IL 606066607

Advisory (Plan)

PRESTON INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESTON INDUSTRIES, INC. 401(K) 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