Retirement plan

NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN

Name: NEWKIRK ELECTRIC ASSOCIATES, INC. - NEWKIRK ELECTRIC ASSOC., INC. PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$27.3M

+12.8% from 2019

Total participants

168

+1.2% from 2019

Average account balance

$164,680

+10.7% from 2019

Annual return

10.93%

-7.08 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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 MANAGEMENT5 years Service code 27 · EIN 20-0061957	Advisory (Plan)	$21,523
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081	Recordkeeping	$12,097

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$38K

$281 / participant

Investment mgmt$38K100.0%

% of EOY assets

0.138%

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

$164,680

$69,383+137.3%

$101,264+62.6%

$73,493+124.1%

Participation rate

98.5%

68.4%+30.1pp

75.8%+22.7pp

70.7%+27.8pp

Annual return

10.93%

18.46%-7.5pp

46.48%-35.5pp

28.51%-17.6pp

Employer contribution / active EE

$10,902

$2,628+314.8%

$3,660+197.9%

$2,270+380.3%

Participant deferral / active EE

$5,375

$3,301+62.8%

$4,370+23.0%

$3,740+43.7%

Admin fee / account holder

$227

$704-67.8%

$5,947-96.2%

$513-55.8%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT5 years

Service code 27 · EIN 20-0061957

Advisory (Plan)

$21,523

ALERUS FINANCIAL, N.A.5 years

Service code 15 · EIN 45-6062081

Recordkeeping

$12,097

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