Retirement plan

IBEW LU2221 EMPLOYEE RETIREMENT PLAN

Name: NORTHERN STAR INDUSTRIES, INC. - IBEW LU2221 EMPLOYEE RETIREMENT PLAN (2015) Form 5500
Creator: NORTHERN STAR INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LU2221 EMPLOYEE RETIREMENT PLAN, NORTHERN STAR INDUSTRIES, INC.

NORTHERN STAR INDUSTRIES, INC.EIN 38-1683485Plan #005PY 2015

PO BOX 808, 130 N INDUSTRIAL DRIVE - IRON MOUNTAIN, MI 498010808906-776-3499northernstarind.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$20.6M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$6.6M

No prior year

Total participants

343

No prior year

Average account balance

$19,381

No prior year

Annual return

-0.52%

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

$19.93M

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.

406

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

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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
FLEURY, SINGLER & COMPANY1+ years Service code 10 · EIN 38-2180715 301 SOUTH STEPHENSON AVE · IRON MOUNTAIN, MI 49801	Accounting	$8,625
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$930

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 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

$24K

$81 / participant

Investment mgmt$10K42.4%
Contract admin$5K19.6%
Other / not subdivided$9K38.0%

% of EOY assets

0.369%

all-in expense ratio

Categories reported

2 / 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: FLEURY SINGLER & CO P.C.
Auditor EIN: 382180715
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,381

$72,770-73.4%

$67,652-71.4%

$55,191-64.9%

Participation rate

99.7%

78.8%+20.9pp

75.7%+24.0pp

69.2%+30.5pp

Annual return

-0.52%

-3.26%+2.7pp

6625.40%-6625.9pp

10.78%-11.3pp

Employer contribution / active EE

$1,102

$1,769-37.7%

$2,266-51.4%

$1,899-42.0%

Participant deferral / active EE

$1,357

$3,408-60.2%

$3,560-61.9%

$3,046-55.5%

Admin fee / account holder

$72

$79-9.2%

$4,821-98.5%

$91-21.2%

Provider

Service type

Compensation

FLEURY, SINGLER & COMPANY1+ years

Service code 10 · EIN 38-2180715

301 SOUTH STEPHENSON AVE · IRON MOUNTAIN, MI 49801

Accounting

$8,625

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$930

IBEW LU2221 EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LU2221 EMPLOYEE RETIREMENT 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