Retirement plan

NELSON IRRIGATION CORPORATION 401(K) AND PROFIT SHARING PLAN

Name: NELSON IRRIGATION CORPORATION - NELSON IRRIGATION CORPORATION 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: NELSON IRRIGATION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NELSON IRRIGATION CORPORATION 401(K) AND PROFIT SHARING PLAN, NELSON IRRIGATION CORPORATION

NELSON IRRIGATION CORPORATIONEIN 37-0963413Plan #001PY 2016

848 AIRPORT ROAD - WALLA WALLA, WA 993622271509-525-7660nelsonirrigation.comLinkedIn201-500 employeesfarming

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$65.1M

+8.1% from 2015

Total participants

227

-2.2% from 2015

Average account balance

$291,816

+10.5% from 2015

Annual return

5.62%

+5.56 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

$111.65M

Not enough data

1 years with asset history on file

Average account balance

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

$471K

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.

237

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$367

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$30,485
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$30,350
MATRIX TRUST COMPANY2+ years Filed as: MATRIX TRUST CO Service code 19 · EIN 75-3182674	Securities Custodian	$24,645
SWEENEY CONRAD, P.S.2+ years Filed as: SWEENEY CONRAD, PS Service code 10 · EIN 91-1301672	Accounting	$18,634

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$104K

$548 / participant

Other / not subdivided$104K100.0%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

0 / 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: SWEENEY CONRAD, P.S.
Auditor EIN: 911301672
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$291,816

$60,165+385.0%

$74,184+293.4%

$55,167+429.0%

Participation rate

97.9%

74.2%+23.7pp

76.6%+21.3pp

69.0%+28.9pp

Annual return

5.62%

10.00%-4.4pp

17.74%-12.1pp

169.23%-163.6pp

Employer contribution / active EE

$5,824

$1,600+264.1%

$2,370+145.7%

$1,963+196.8%

Participant deferral / active EE

$10,009

$2,973+236.7%

$3,550+182.0%

$3,054+227.7%

Admin fee / account holder

$467

$419+11.3%

$5,586-91.6%

$504-7.3%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$30,485

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$30,350

MATRIX TRUST COMPANY2+ years

Filed as: MATRIX TRUST CO

Service code 19 · EIN 75-3182674

Securities Custodian

$24,645

SWEENEY CONRAD, P.S.2+ years

Filed as: SWEENEY CONRAD, PS

Service code 10 · EIN 91-1301672

Accounting

$18,634

NELSON IRRIGATION CORPORATION 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NELSON IRRIGATION CORPORATION 401(K) AND 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