Retirement plan

FLEXFAB HORIZONS INTERNATIONAL RETIREMENT SAVINGS PLAN

Name: FLEXFAB HORIZONS INTERNATIONAL, INC. - FLEXFAB HORIZONS INTERNATIONAL RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: FLEXFAB HORIZONS INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLEXFAB HORIZONS INTERNATIONAL RETIREMENT SAVINGS PLAN, FLEXFAB HORIZONS INTERNATIONAL, INC.

FLEXFAB HORIZONS INTERNATIONAL, INC.EIN 38-1674842Plan #002PY 2019

102 COOK ROAD - HASTINGS, MI 49058269-945-3533LinkedIn501-1000 employeeschemicals

Other plans on this EIN

2 filings

#001Retirement-$17.9M assets #003Retirement-$7.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$31.6M

+4.7% from 2018

Total participants

260

-8.1% from 2018

Average account balance

$127,927

+10.2% from 2018

Annual return

4.85%

-4.56 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.96M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

271

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+25.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$262

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$113,008
STIFEL NICOLAUS & CO INC3 years Service code 27 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Plan)	$52,706

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$166K

$785 / participant

Contract admin$166K100.0%

% of EOY assets

0.524%

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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,927

$66,319+92.9%

$93,621+36.6%

$65,185+96.3%

Participation rate

93.8%

74.0%+19.8pp

75.8%+18.0pp

70.2%+23.6pp

Annual return

4.85%

42.59%-37.7pp

32.76%-27.9pp

29.38%-24.5pp

Employer contribution / active EE

$4,345

$2,013+115.9%

$2,719+59.8%

$2,177+99.6%

Participant deferral / active EE

$6,240

$3,343+86.7%

$4,070+53.3%

$3,514+77.6%

Admin fee / account holder

$671

$6,900-90.3%

$7,890-91.5%

$847-20.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$113,008

STIFEL NICOLAUS & CO INC3 years

Service code 27

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Plan)

$52,706

FLEXFAB HORIZONS INTERNATIONAL RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLEXFAB HORIZONS INTERNATIONAL RETIREMENT SAVINGS 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