Retirement plan

NATIONAL BULK EQUIPMENT, INC. 401(K) PROFIT SHARING PLAN

Name: NATIONAL BULK EQUIPMENT, INC. - NATIONAL BULK EQUIPMENT, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: NATIONAL BULK EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL BULK EQUIPMENT, INC. 401(K) PROFIT SHARING PLAN, NATIONAL BULK EQUIPMENT, INC.

NATIONAL BULK EQUIPMENT, INC.EIN 38-2120303Plan #002PY 2018

12838 STAINLESS - HOLLAND, MI 49424616-399-2220nbe-inc.comLinkedIn201-500 employeesmachinery

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.2M

+4.1% from 2017

Total participants

185

+9.5% from 2017

Average account balance

$41,003

-1.7% from 2017

Annual return

-7.77%

-34.13 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.05M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

191

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

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

+15.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$590

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 18 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment management fees paid indir...	$19,892
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS, INC. Service code 27 DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607	Advisory (Plan)	$19,494
REHMANN ROBSON3 years Filed as: REHMANN Service code 15 2330 EAST PARIS AVE SE · GRAND RAPIDS, ME 49546	Recordkeeping	$6,234
MEYAARD TOLMAN AND VENLET PC1 year Service code 10 166 E MAIN AVE · ZEELAND, MI 49464	Accounting	$5,450
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: INDEPENDENT ADVISOR ALLIANCE, LLC Service code 27 12610 N COMMUNITY HOUSE RD · CHARLOTTE, NC 28277	Advisory (Plan)	$3,244

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$54K

$310 / participant

Investment mgmt$23K41.9%
Contract admin$20K36.6%
Other / not subdivided$12K21.5%

% of EOY assets

1.051%

all-in expense ratio

Categories reported

2 / 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: MEYAARD TOLMAN & VENLET PC
Auditor EIN: 382598193
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,003

$59,186-30.7%

$76,768-46.6%

$56,287-27.2%

Participation rate

66.3%

75.2%-8.9pp

77.0%-10.7pp

69.9%-3.6pp

Annual return

-7.77%

6.62%-14.4pp

2.43%-10.2pp

-9.96%+2.2pp

Employer contribution / active EE

$642

$1,759-63.5%

$2,485-74.2%

$2,111-69.6%

Participant deferral / active EE

$3,287

$3,255+1.0%

$3,852-14.7%

$3,350-1.9%

Admin fee / account holder

$431

$489-11.9%

$6,675-93.5%

$521-17.3%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 18

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment management fees paid indir...

$19,892

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS, INC.

Service code 27

DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607

Advisory (Plan)

$19,494

REHMANN ROBSON3 years

Filed as: REHMANN

Service code 15

2330 EAST PARIS AVE SE · GRAND RAPIDS, ME 49546

Recordkeeping

$6,234

MEYAARD TOLMAN AND VENLET PC1 year

Service code 10

166 E MAIN AVE · ZEELAND, MI 49464

Accounting

$5,450

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: INDEPENDENT ADVISOR ALLIANCE, LLC

Service code 27

12610 N COMMUNITY HOUSE RD · CHARLOTTE, NC 28277

Advisory (Plan)

$3,244

NATIONAL BULK EQUIPMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL BULK EQUIPMENT, INC. 401(K) 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