Retirement plan

ANDERSON-COOK, INC. RETIREMENT AND SAVINGS PLAN AND TRUST

Name: ANDERSON-COOK, INC. - ANDERSON-COOK, INC. RETIREMENT AND SAVINGS PLAN AND TRUST (2016) Form 5500
Creator: ANDERSON-COOK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDERSON-COOK, INC. RETIREMENT AND SAVINGS PLAN AND TRUST, ANDERSON-COOK, INC.

ANDERSON-COOK, INC.EIN 38-1952431Plan #001PY 2016

44785 MACOMB INDUSTRIAL DRIVE - CLINTON TOWNSHIP, MI 48036586-293-0800andersoncook.comLinkedIn201-500 employeesautomotive

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 3, 1997 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$7.6M

No prior year

Total participants

141

No prior year

Average account balance

$132,998

No prior year

Annual return

22.26%

No prior year

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.19M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

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.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$217K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2661

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$16,114
ABG PORTFOLIO STRATEGIES, INC.2+ years Service code 16 · EIN 38-3462761	Consulting	$9,343
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$4,768

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D

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.
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.
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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$236 / participant

Investment mgmt$30K100.0%

% of EOY assets

0.399%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOEREN MAYHEW & CO, PC
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,998

$60,165+121.1%

$74,183+79.3%

$55,167+141.1%

Participation rate

34.4%

74.2%-39.8pp

76.6%-42.2pp

69.0%-34.6pp

Annual return

22.26%

10.00%+12.3pp

17.74%+4.5pp

169.23%-147.0pp

Employer contribution / active EE

$374

$1,600-76.6%

$2,370-84.2%

$1,963-80.9%

Participant deferral / active EE

$1,498

$2,973-49.6%

$3,550-57.8%

$3,054-50.9%

Admin fee / account holder

$530

$419+26.5%

$5,586-90.5%

$504+5.2%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$16,114

ABG PORTFOLIO STRATEGIES, INC.2+ years

Service code 16 · EIN 38-3462761

Consulting

$9,343

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$4,768

ANDERSON-COOK, INC. RETIREMENT AND SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDERSON-COOK, INC. RETIREMENT AND SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

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