Retirement plan

NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN

Name: NEWKIRK ELECTRIC ASSOCIATES, INC. - NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.4M

-5.5% from 2017

Total participants

160

+4.6% from 2017

Average account balance

$126,677

-10.4% from 2017

Annual return

-7.36%

-24.07 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 MANAGEMENT3 years Service code 27 · EIN 20-0061957	Advisory (Plan)	$18,751
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081	Recordkeeping	$11,010

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

$35K

$270 / participant

Investment mgmt$35K100.0%

% of EOY assets

0.181%

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

$126,677

$55,449+128.5%

$83,830+51.1%

$56,287+125.1%

Participation rate

94.6%

68.0%+26.6pp

76.1%+18.5pp

69.9%+24.8pp

Annual return

-7.36%

-1.38%-6.0pp

850.97%-858.3pp

-9.96%+2.6pp

Employer contribution / active EE

$10,158

$2,430+317.9%

$3,631+179.7%

$2,111+381.2%

Participant deferral / active EE

$4,499

$2,935+53.3%

$4,082+10.2%

$3,350+34.3%

Admin fee / account holder

$229

$656-65.1%

$5,479-95.8%

$521-56.0%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT3 years

Service code 27 · EIN 20-0061957

Advisory (Plan)

$18,751

ALERUS FINANCIAL, N.A.3 years

Service code 15 · EIN 45-6062081

Recordkeeping

$11,010

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