Retirement plan

SHERRIFF-GOSLIN COMPANY PROFIT SHARING PLAN

Name: SHERRIFF-GOSLIN COMPANY - SHERRIFF-GOSLIN COMPANY PROFIT SHARING PLAN (2019) Form 5500
Creator: SHERRIFF-GOSLIN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHERRIFF-GOSLIN COMPANY PROFIT SHARING PLAN, SHERRIFF-GOSLIN COMPANY

SHERRIFF-GOSLIN COMPANYEIN 38-1028265Plan #001PY 2019

10 AVENUE C - BATTLE CREEK, MI 49037269-962-4036sherriff-goslin.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$8.3M

+5.7% from 2018

Total participants

198

-7.5% from 2018

Average account balance

$51,899

+15.0% from 2018

Annual return

12.41%

+15.15 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.25M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

193

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

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

+10.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$406

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
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$273
M2B RETIREMENT CONSULTING LLC1 year Filed as: M2B RETIREMENT CONSULTING Service code 15 · EIN 81-3989034	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$41K

$303 / participant

Investment mgmt$41K100.0%

% of EOY assets

0.492%

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: PLANTE & MORAN
Auditor EIN: 351357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,899

$63,114-17.8%

$92,903-44.1%

$65,185-20.4%

Participation rate

70.9%

68.8%+2.1pp

76.0%-5.1pp

70.2%+0.7pp

Annual return

12.41%

28.75%-16.3pp

109.43%-97.0pp

29.38%-17.0pp

Employer contribution / active EE

$2,571-100.0%

$3,653-100.0%

$2,177-100.0%

Participant deferral / active EE

$3,108-100.0%

$4,238-100.0%

$3,514-100.0%

Admin fee / account holder

$255

$624-59.1%

$5,795-95.6%

$847-69.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$273

M2B RETIREMENT CONSULTING LLC1 year

Filed as: M2B RETIREMENT CONSULTING

Service code 15 · EIN 81-3989034

Recordkeeping

SHERRIFF-GOSLIN COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHERRIFF-GOSLIN COMPANY 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