Retirement plan

FOREMAN BROS., INC. EMPLOYEES 401(K) TRUST

Name: FOREMAN BROS., INC. - FOREMAN BROS., INC. EMPLOYEES 401(K) TRUST (2019) Form 5500
Creator: FOREMAN BROS., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOREMAN BROS., INC. EMPLOYEES 401(K) TRUST, FOREMAN BROS., INC.

FOREMAN BROS., INC.EIN 38-1402251Plan #002PY 2019

1799 14TH STREET - DETROIT, MI 48216313-961-5049foremanbrosinc.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.2M

+22.2% from 2018

Total participants

117

-4.9% from 2018

Average account balance

$38,992

+30.2% from 2018

Annual return

21.16%

+26.51 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.02M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

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.

129.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14702

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC5+ years Filed as: PLANTE & MORAN FINANCIAL ADVISORS Service code 16 · EIN 38-3123123	Consulting	$16,240
ALLIANCE BENEFIT GROUP5+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$9,798
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY TRUST COMPANY Service code 15 · EIN 04-3511550	Recordkeeping	$2,438

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$28K

$283 / participant

Investment mgmt$28K100.0%

% of EOY assets

0.677%

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: GRANT, MILLMAN & JOHNSON, P.C.
Auditor EIN: 382555519
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,992

$47,922-18.6%

$75,901-48.6%

$65,185-40.2%

Participation rate

90.0%

63.0%+27.0pp

69.3%+20.7pp

70.2%+19.8pp

Annual return

21.16%

24.12%-3.0pp

30.76%-9.6pp

29.38%-8.2pp

Employer contribution / active EE

$1,557-100.0%

$2,501-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,213

$2,550-13.2%

$3,603-38.6%

$3,514-37.0%

Admin fee / account holder

$264

$532-50.3%

$5,420-95.1%

$847-68.8%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC5+ years

Filed as: PLANTE & MORAN FINANCIAL ADVISORS

Service code 16 · EIN 38-3123123

Consulting

$16,240

ALLIANCE BENEFIT GROUP5+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$9,798

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY TRUST COMPANY

Service code 15 · EIN 04-3511550

Recordkeeping

$2,438

FOREMAN BROS., INC. EMPLOYEES 401(K) TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOREMAN BROS., INC. EMPLOYEES 401(K) TRUST

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