Retirement plan

HIGH GRADE 401K RETIREMENT PLAN

Name: HIGH GRADE MATERIALS COMPANY - HIGH GRADE 401K RETIREMENT PLAN (2017) Form 5500
Creator: HIGH GRADE MATERIALS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH GRADE 401K RETIREMENT PLAN, HIGH GRADE MATERIALS COMPANY

HIGH GRADE MATERIALS COMPANYEIN 38-1746621Plan #001PY 2017

9266 SNOWS LAKE ROAD - GREENVILLE, MI 488388753616-754-5545highgradematerials.comLinkedIn51-200 employeesmining & metals

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.8M

+20.4% from 2016

Total participants

280

+7.7% from 2016

Average account balance

$65,969

+19.6% from 2016

Annual return

15.30%

+9.84 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.89M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

336

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: KDP RETIREMENT PLAN SERVICES INC. Service code 12 · EIN 38-3478073 3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512	Claims processing; Consulting (general)	$4,458
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P O BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$0
STIFEL NICOLAUS & CO INC2 years Filed as: STIFEL, NICOLAS, & CO. INC. Service code 26 · EIN 43-0538770 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3F

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$400

$2 / participant

Contract admin$400100.0%

% of EOY assets

0.004%

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: BEENE GARTER LLP
Auditor EIN: 381337372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,969

$75,284-12.4%

$91,004-27.5%

$69,631-5.3%

Participation rate

50.0%

80.4%-30.4pp

75.6%-25.6pp

70.7%-20.7pp

Annual return

15.30%

48.40%-33.1pp

4.60%+10.7pp

27571.02%-27555.7pp

Employer contribution / active EE

$2,473-100.0%

$2,456-100.0%

$2,032-100.0%

Participant deferral / active EE

$1,905

$3,700-48.5%

$3,548-46.3%

$3,224-40.9%

Admin fee / account holder

$111-97.6%

$5,417-100.0%

$110-97.6%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: KDP RETIREMENT PLAN SERVICES INC.

Service code 12 · EIN 38-3478073

3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512

Claims processing; Consulting (general)

$4,458

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

P O BOX 600 · BUFFALO, NY 142010600

Recordkeeping

STIFEL NICOLAUS & CO INC2 years

Filed as: STIFEL, NICOLAS, & CO. INC.

Service code 26 · EIN 43-0538770

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Participants)

HIGH GRADE 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH GRADE 401K 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