Retirement plan

C. T. I. PENSION PLAN

Name: C. THORREZ INDUSTRIES, INC. - C. T. I. PENSION PLAN (2016) Form 5500
Creator: C. THORREZ INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C. T. I. PENSION PLAN, C. THORREZ INDUSTRIES, INC.

C. THORREZ INDUSTRIES, INC.EIN 38-1866594Plan #001PY 2016

4909 W MICHIGAN AVENUE - JACKSON, MI 49201517-750-3160

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$16M

+10.1% from 2015

Total participants

236

+5.8% from 2015

Average account balance

$68,023

+4.0% from 2015

Annual return

7.16%

+7.57 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.00M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

251

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$839K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 1 by compensation

Provider	Service type	Compensation
CHEMICAL BANK2+ years Service code 12 · EIN 38-0415896	Participant loan processing; Trustee ...	$70,862

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$365 / participant

Investment mgmt$71K100.0%

% of EOY assets

0.443%

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: ANDREWS HOOPER & PAVLIK PLC
Auditor EIN: 383133790
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,023

$60,165+13.1%

$74,184-8.3%

$55,167+23.3%

Participation rate

99.5%

74.2%+25.3pp

76.6%+22.9pp

69.0%+30.5pp

Annual return

7.16%

10.00%-2.8pp

17.74%-10.6pp

169.23%-162.1pp

Employer contribution / active EE

$1,948

$1,600+21.8%

$2,370-17.8%

$1,963-0.7%

Participant deferral / active EE

$2,768

$2,973-6.9%

$3,550-22.0%

$3,054-9.4%

Admin fee / account holder

$302

$419-28.1%

$5,586-94.6%

$504-40.2%

Provider

Service type

Compensation

CHEMICAL BANK2+ years

Service code 12 · EIN 38-0415896

Participant loan processing; Trustee ...

$70,862

C. T. I. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C. T. I. PENSION 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