Retirement plan

PURITY CYLINDER GASES, INC. PROFIT SHARING AND 401(K) PLAN

Name: PURITY CYLINDER GASES, INC. - PURITY CYLINDER GASES, INC. PROFIT SHARING AND 401(K) PLAN (2017) Form 5500
Creator: PURITY CYLINDER GASES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PURITY CYLINDER GASES, INC. PROFIT SHARING AND 401(K) PLAN, PURITY CYLINDER GASES, INC.

PURITY CYLINDER GASES, INC.EIN 38-0947004Plan #005PY 2017

2580 - 28TH STREET SW - GRAND RAPIDS, MI 49519616-532-2375puritygas.comLinkedIn51-200 employeeswholesale

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$103.2M

+0.2% from 2016

Total participants

438

+0.7% from 2016

Average account balance

$235,514

-0.5% from 2016

Annual return

11.03%

-0.33 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.44M

Not enough data

1 years with asset history on file

Average account balance

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

$256K

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.

275

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

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$811

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 1 by compensation

Provider	Service type	Compensation
BAIRD INSURANCE SERVICES INC3+ years Filed as: BAIRD Service code 16 · EIN 39-6037917	Consulting	$294,057

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$294K

$867 / participant

Investment mgmt$294K100.0%

% of EOY assets

0.285%

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: BEENE GARTER LLP
Auditor EIN: 381337372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$235,514

$71,666+228.6%

$117,861+99.8%

$69,631+238.2%

Participation rate

100.0%

77.5%+22.5pp

79.7%+20.3pp

70.7%+29.3pp

Annual return

11.03%

18.86%-7.8pp

335.11%-324.1pp

27571.02%-27560.0pp

Employer contribution / active EE

$7,951

$1,889+320.9%

$3,786+110.0%

$2,032+291.3%

Participant deferral / active EE

$5,114

$3,340+53.1%

$4,482+14.1%

$3,224+58.6%

Admin fee / account holder

$671

$120+458.0%

$8,021-91.6%

$110+507.9%

Provider

Service type

Compensation

BAIRD INSURANCE SERVICES INC3+ years

Filed as: BAIRD

Service code 16 · EIN 39-6037917

Consulting

$294,057

PURITY CYLINDER GASES, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PURITY CYLINDER GASES, INC. PROFIT SHARING AND 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