Retirement plan

NUDO PRODUCTS, INC. 401(K) PLAN

Name: NUDO PRODUCTS, INC. - NUDO PRODUCTS, INC. 401(K) PLAN (2018) Form 5500
Creator: NUDO PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NUDO PRODUCTS, INC. 401(K) PLAN, NUDO PRODUCTS, INC.

NUDO PRODUCTS, INC.EIN 37-1097455Plan #001PY 2018

1500 TAYLOR AVENUE - SPRINGFIELD, IL 62703217-391-1208

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.4M

-8.1% from 2017

Total participants

352

-10.7% from 2017

Average account balance

$61,604

-4.4% from 2017

Annual return

-7.16%

-22.19 pp from 2017

Benchmarks

See 1,154 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,154 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.75M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

324

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$81,124
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27	Advisory (Plan)	$35,945
CHARLES SCHWAB & CO., INC.1 year Filed as: REA & ASSOCIATES, INC. Service code 49	Other Services	$17,163
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES DBA CO Service code 27 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Plan)	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: REA & ASSOCIATES Service code 49 · EIN 34-1310124	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

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

$81K

$270 / participant

Contract admin$81K100.0%

% of EOY assets

0.442%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,604

$65,223-5.5%

$80,022-23.0%

$55,725+10.6%

Participation rate

82.0%

80.6%+1.4pp

75.8%+6.2pp

70.9%+11.1pp

Annual return

-7.16%

7.59%-14.7pp

11.22%-18.4pp

244.93%-252.1pp

Employer contribution / active EE

$1,115

$2,544-56.2%

$2,468-54.8%

$2,078-46.4%

Participant deferral / active EE

$2,972

$3,881-23.4%

$3,686-19.4%

$3,356-11.4%

Admin fee / account holder

$272

$114+138.4%

$6,521-95.8%

$115+136.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$81,124

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27

Advisory (Plan)

$35,945

CHARLES SCHWAB & CO., INC.1 year

Filed as: REA & ASSOCIATES, INC.

Service code 49

Other Services

$17,163

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES DBA CO

Service code 27

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Plan)

CHARLES SCHWAB & CO., INC.1 year

Filed as: REA & ASSOCIATES

Service code 49 · EIN 34-1310124

Other Services

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED2 years

Service code 27

Advisory (Plan)

NUDO PRODUCTS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NUDO PRODUCTS, 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