Retirement plan

FASTCO INDUSTRIES, INC. 401(K) PLAN

Name: FASTCO INDUSTRIES, INC. - FASTCO INDUSTRIES, INC. 401(K) PLAN (2017) Form 5500
Creator: FASTCO INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FASTCO INDUSTRIES, INC. 401(K) PLAN, FASTCO INDUSTRIES, INC.

FASTCO INDUSTRIES, INC.EIN 38-2253225Plan #001PY 2017

P.O. BOX 141427 - GRAND RAPIDS, MI 49534616-389-1418fastcoindustries.comLinkedIn51-200 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.8M

+8.6% from 2016

Total participants

152

-13.1% from 2016

Average account balance

$44,478

+26.1% from 2016

Annual return

20.14%

+15.76 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.63M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

131

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 10 of 15 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118	Advisory (Plan)	$4,542
MIDWEST PENSION & PROFIT SHARING SE3+ years Filed as: THE MIDWEST PENSION GROUP Service code 13 · EIN 38-2781642	Contract Administrator	$4,459
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,440
ALGER1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DAVID ROMANO3+ years Filed as: DAVID M RAGUSE Service code 53 99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503	Insurance Commissions	$0
DENNIS G. JENKINS, CPA,LLC1 year Filed as: DENNIS MICHAEL DUVAL Service code 53 15 CAPITAL AVE NE STE 225 · BATTLE CREEK, MI 49017	Insurance Commissions	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: THE AUDIT GROUP PLLC
Auditor EIN: 461340244
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,478

$64,909-31.5%

$82,312-46.0%

$62,293-28.6%

Participation rate

84.1%

74.9%+9.2pp

76.9%+7.2pp

69.5%+14.5pp

Annual return

20.14%

21.18%-1.0pp

25.88%-5.7pp

28.90%-8.8pp

Employer contribution / active EE

$1,676-100.0%

$2,428-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,935

$3,103-37.6%

$3,706-47.8%

$3,169-38.9%

Admin fee / account holder

$440-100.0%

$5,608-100.0%

$479-100.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

Advisory (Plan)

$4,542

MIDWEST PENSION & PROFIT SHARING SE3+ years

Filed as: THE MIDWEST PENSION GROUP

Service code 13 · EIN 38-2781642

Contract Administrator

$4,459

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,440

ALGER1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DAVID ROMANO3+ years

Filed as: DAVID M RAGUSE

Service code 53

99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503

Insurance Commissions

DENNIS G. JENKINS, CPA,LLC1 year

Filed as: DENNIS MICHAEL DUVAL

Service code 53

15 CAPITAL AVE NE STE 225 · BATTLE CREEK, MI 49017

Insurance Commissions

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 90-0342299

Indirect Investment Fees

FASTCO INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FASTCO INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion