Retirement plan

NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN

Name: NEWKIRK ELECTRIC ASSOCIATES, INC. - NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: NEWKIRK ELECTRIC ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN, NEWKIRK ELECTRIC ASSOCIATES, INC.

NEWKIRK ELECTRIC ASSOCIATES, INC.EIN 38-1717811Plan #001PY 2016

1875 ROBERTS STREET - MUSKEGON, MI 494426032231-722-1691newkirk-electric.comLinkedIn501-1000 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.4M

+18.8% from 2015

Total participants

136

+6.3% from 2015

Average account balance

$127,846

+7.6% from 2015

Annual return

9.76%

+10.39 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.40M

Not enough data

1 years with asset history on file

Average account balance

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

$179K

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.

203

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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
CHESME CAPITAL MANAGEMENT1 year Service code 27 · EIN 20-0061957	Advisory (Plan)	$13,968
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081	Recordkeeping	$4,209

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$18K

$168 / participant

Investment mgmt$4K19.3%
Other / not subdivided$15K80.7%

% of EOY assets

0.111%

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: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,846

$52,884+141.7%

$84,753+50.8%

$55,167+131.7%

Participation rate

92.6%

67.5%+25.1pp

76.6%+16.0pp

69.0%+23.6pp

Annual return

9.76%

18.03%-8.3pp

22.78%-13.0pp

169.23%-159.5pp

Employer contribution / active EE

$10,095

$2,233+352.0%

$3,574+182.4%

$1,963+414.4%

Participant deferral / active EE

$4,090

$2,644+54.7%

$3,712+10.2%

$3,054+33.9%

Admin fee / account holder

$142

$581-75.5%

$5,333-97.3%

$504-71.8%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT1 year

Service code 27 · EIN 20-0061957

Advisory (Plan)

$13,968

ALERUS FINANCIAL, N.A.1 year

Service code 15 · EIN 45-6062081

Recordkeeping

$4,209

NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWKIRK ELECTRIC ASSOC., INC. 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