Retirement plan

IBEW LU2221 EMPLOYEE RETIREMENT PLAN

Name: NORTHERN STAR INDUSTRIES, INC. - IBEW LU2221 EMPLOYEE RETIREMENT PLAN (2017) 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 2017

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-$23.5M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$9.5M

+26.3% from 2016

Total participants

459

+23.7% from 2016

Average account balance

$20,593

-0.7% from 2016

Annual return

17.38%

+12.93 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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 3 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Participants)	$12,698
FLEURY, SINGLER & COMPANY3+ years Service code 10 · EIN 38-2180715 301 SOUTH STEPHANSON AVE · IRON MOUNTAIN, MI 49801	Accounting	$10,978
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$1,774

Plan features & details

Pension benefit codes2E2F2G2J2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$34K

$92 / participant

Investment mgmt$13K37.2%
Contract admin$10K30.6%
Other / not subdivided$11K32.2%

% of EOY assets

0.361%

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

$20,593

$69,305-70.3%

$82,312-75.0%

$69,631-70.4%

Participation rate

100.0%

80.3%+19.7pp

76.9%+23.1pp

70.7%+29.3pp

Annual return

17.38%

21.47%-4.1pp

25.88%-8.5pp

27571.02%-27553.6pp

Employer contribution / active EE

$1,230

$1,887-34.8%

$2,428-49.3%

$2,032-39.5%

Participant deferral / active EE

$1,631

$3,568-54.3%

$3,706-56.0%

$3,224-49.4%

Admin fee / account holder

$74

$97-23.6%

$5,608-98.7%

$110-32.7%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC2 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Participants)

$12,698

FLEURY, SINGLER & COMPANY3+ years

Service code 10 · EIN 38-2180715

301 SOUTH STEPHANSON AVE · IRON MOUNTAIN, MI 49801

Accounting

$10,978

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$1,774

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