Retirement plan

G.A. RICHARDS COMPANY EMPLOYEES' 401 (K) PLAN

Name: G.A. RICHARDS COMPANY - G.A. RICHARDS COMPANY EMPLOYEES' 401 (K) PLAN (2015) Form 5500
Creator: G.A. RICHARDS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, G.A. RICHARDS COMPANY EMPLOYEES' 401 (K) PLAN, G.A. RICHARDS COMPANY

G.A. RICHARDS COMPANYEIN 38-0969860Plan #002PY 2015

1060 KEN-O-SHA DRIVE SE - GRAND RAPIDS, MI 495088216616-243-2800LinkedIn1-10 employeesaviation & aerospace

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4.5M

No prior year

Total participants

353

No prior year

Average account balance

$12,678

No prior year

Annual return

-0.05%

No prior year

Benchmarks

See 2,226 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,226 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.78M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

157

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.

47.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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
MCKEOWN & KRAAI, PLC1+ years Service code 10 · EIN 38-3251555 PO BOX 277 · MIDDLEVILLE, MI 49333	Accounting	$9,600
HUNTINGTON NATIONAL BANK1+ years Service code 21 · EIN 31-0966785 PO BOX 1558 · COLUMBUS, OH 43216	Bank Trustee	$7,840

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$28K

$80 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.629%

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: MCKEOWN & KRAAI, PLC
Auditor EIN: 383251555
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,678

$72,770-82.6%

$67,653-81.3%

$55,191-77.0%

Participation rate

100.0%

78.8%+21.2pp

75.7%+24.3pp

69.2%+30.8pp

Annual return

-0.05%

-3.26%+3.2pp

6625.22%-6625.3pp

10.78%-10.8pp

Employer contribution / active EE

$1,769-100.0%

$2,266-100.0%

$1,899-100.0%

Participant deferral / active EE

$683

$3,408-80.0%

$3,560-80.8%

$3,046-77.6%

Admin fee / account holder

$80

$79+1.2%

$4,821-98.3%

$91-12.2%

Provider

Service type

Compensation

MCKEOWN & KRAAI, PLC1+ years

Service code 10 · EIN 38-3251555

PO BOX 277 · MIDDLEVILLE, MI 49333

Accounting

$9,600

HUNTINGTON NATIONAL BANK1+ years

Service code 21 · EIN 31-0966785

PO BOX 1558 · COLUMBUS, OH 43216

Bank Trustee

$7,840

G.A. RICHARDS COMPANY EMPLOYEES' 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

G.A. RICHARDS COMPANY EMPLOYEES' 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