Retirement plan

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN

Name: AAA SLING & INDUSTRIAL SUPPLY, INC. - AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: AAA SLING & INDUSTRIAL SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN, AAA SLING & INDUSTRIAL SUPPLY, INC.

AAA SLING & INDUSTRIAL SUPPLY, INC.EIN 38-2660883Plan #001PY 2018

425 36TH STREET, SW - GRAND RAPIDS, MI 495482161616-530-0500LinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.8M

+0.3% from 2017

Total participants

+9.1% from 2017

Average account balance

$123,465

-8.4% from 2017

Annual return

-7.17%

-21.69 pp from 2017

Benchmarks

See 21,281 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,281 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.08M

Not enough data

1 years with asset history on file

Average account balance

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

$295K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$260K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+31.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21978

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$19K

$864 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.670%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,465

$92,219+33.9%

$76,768+60.8%

$135,379-8.8%

Participation rate

95.5%

79.8%+15.7pp

77.0%+18.5pp

82.6%+12.8pp

Annual return

-7.17%

5.46%-12.6pp

2.43%-9.6pp

519.79%-527.0pp

Employer contribution / active EE

$4,545

$3,216+41.3%

$2,485+82.9%

$4,779-4.9%

Participant deferral / active EE

$5,966

$4,508+32.3%

$3,852+54.9%

$5,609+6.4%

Admin fee / account holder

$827

$10,749-92.3%

$6,675-87.6%

$10,828-92.4%

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAA SLING & INDUSTRIAL SUPPLY, INC. 401K 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