Retirement plan

SIEMER MILLING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: SIEMER MILLING COMPANY - SIEMER MILLING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2018) Form 5500
Creator: SIEMER MILLING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIEMER MILLING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, SIEMER MILLING COMPANY

SIEMER MILLING COMPANYEIN 37-0789904Plan #003PY 2018

P.O. BOX 670 - TEUTOPOLIS, IL 62467217-857-3131siemermilling.comLinkedIn51-200 employeesfood production

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$62.8M

-2.5% from 2017

Total participants

170

+9.7% from 2017

Average account balance

$371,333

-12.3% from 2017

Annual return

11.52%

-0.64 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.48M

Not enough data

1 years with asset history on file

Average account balance

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

$403K

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.

212

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+22.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$493

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 2 by compensation

Provider	Service type	Compensation
EDWARD JONES1 year Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$38,477
BLUE CHIP RETIREMENT PLANS, INC.3+ years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 154 HANSEN ROAD SUITE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$14,131

Plan features & details

Pension benefit codes2E2H2J2K2P2T3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$53K

$349 / participant

Contract admin$53K100.0%

% of EOY assets

0.085%

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: KENDALL WOOD, LLP
Auditor EIN: 474340746
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$371,333

$43,504+753.6%

$68,612+441.2%

$56,289+559.7%

Participation rate

99.3%

67.8%+31.5pp

72.2%+27.1pp

69.9%+29.5pp

Annual return

11.52%

-3.15%+14.7pp

-4.63%+16.2pp

-9.96%+21.5pp

Employer contribution / active EE

$4,133

$1,525+171.0%

$2,625+57.5%

$2,111+95.8%

Participant deferral / active EE

$4,645

$2,509+85.2%

$3,311+40.3%

$3,350+38.7%

Admin fee / account holder

$314

$515-39.0%

$5,131-93.9%

$521-39.7%

Provider

Service type

Compensation

EDWARD JONES1 year

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$38,477

BLUE CHIP RETIREMENT PLANS, INC.3+ years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13

154 HANSEN ROAD SUITE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$14,131

SIEMER MILLING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIEMER MILLING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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