Retirement plan

STRUCTURAL CONCEPTS CORPORATION 401(K) RETIREMENT SAVINGS PLAN

Name: STRUCTURAL CONCEPTS CORPORATION - STRUCTURAL CONCEPTS CORPORATION 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: STRUCTURAL CONCEPTS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRUCTURAL CONCEPTS CORPORATION 401(K) RETIREMENT SAVINGS PLAN, STRUCTURAL CONCEPTS CORPORATION

STRUCTURAL CONCEPTS CORPORATIONEIN 38-2151875Plan #002PY 2016

888 PORTER ROAD - MUSKEGON, MI 49441616-798-6211structuralconcepts.comLinkedIn501-1000 employeesfood & beverages

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$25.7M

No prior year

Total participants

560

No prior year

Average account balance

$47,042

No prior year

Annual return

6.82%

No prior year

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.11M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

562

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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
PRINCIPLE LIFE INSURANCE COMPANY1+ years Filed as: PRINCIAL LIFE INSURANCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$14,809
HUGHES, ROBERT L.1+ years Filed as: HUGHES, ROBERT L Service code 49 89 MONORE CENTER ST NW · GRAND RAPIDS, MI 49503	Other Services	$1,295

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$29 / participant

Contract admin$15K100.0%

% of EOY assets

0.058%

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

$47,042

$63,905-26.4%

$74,184-36.6%

$57,658-18.4%

Participation rate

97.5%

79.8%+17.7pp

76.6%+20.9pp

70.2%+27.3pp

Annual return

6.82%

60.60%-53.8pp

17.74%-10.9pp

5.13%+1.7pp

Employer contribution / active EE

$1,645

$1,840-10.6%

$2,370-30.6%

$1,974-16.7%

Participant deferral / active EE

$3,158

$3,448-8.4%

$3,550-11.0%

$3,061+3.2%

Admin fee / account holder

$27

$91-70.3%

$5,586-99.5%

$95-71.4%

Provider

Service type

Compensation

PRINCIPLE LIFE INSURANCE COMPANY1+ years

Filed as: PRINCIAL LIFE INSURANCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$14,809

HUGHES, ROBERT L.1+ years

Filed as: HUGHES, ROBERT L

Service code 49

89 MONORE CENTER ST NW · GRAND RAPIDS, MI 49503

Other Services

$1,295

STRUCTURAL CONCEPTS CORPORATION 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRUCTURAL CONCEPTS CORPORATION 401(K) RETIREMENT SAVINGS 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