Retirement plan

CAPSTAN CORPORATION & AFFILIATED COMPANIES 401(K) RETIREMENT PLAN

Name: CAPSTAN CORPORATION - CAPSTAN CORPORATION & AFFILIATED COMPANIES 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: CAPSTAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAPSTAN CORPORATION & AFFILIATED COMPANIES 401(K) RETIREMENT PLAN, CAPSTAN CORPORATION

CAPSTAN CORPORATIONEIN 39-0981333Plan #003PY 2021

310 EAST SUPERIOR STREET, SUITE 250 - DULUTH, MN 55802218-623-7281

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed September 30, 2010

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)

$4.1M

-63.7% from 2020

Total participants

-78.1% from 2020

Average account balance

$178,110

+59.6% from 2020

Annual return

-42.94%

-57.40 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$250K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$194K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$48K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$345676

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 5 by compensation

Provider	Service type	Compensation
FIRST NATIONAL BANK OF OMAHA7+ years Service code 37 · EIN 47-0259043	Loan Processing	$13,928
WIPFLI LLP4 years Filed as: WIPFLI CPAS Service code 10 · EIN 39-0758449	Accounting	$8,400
PRIME CAPITAL INVESTMENT ADVISORS1 year Filed as: PRIME CAPITAL INVESTMENT Service code 27 6201 COLLEGE BLVD. · OVERLAND PARK, KS 66211	Advisory (Plan)	$6,277
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$2,650
HARRY K. FRIEDMAN1 year Filed as: THE HARRY A KOCH CO Service code 10 FIRST INSURANCE GROUP · OMAHA, NE 68154	Accounting	$250

Plan features & details

Pension benefit codes2A2S2E3D2G2J2F2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

2 tripped

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

$32K

$5251 / participant

Investment mgmt$6K19.9%
Contract admin$17K52.6%
Other / not subdivided$9K27.5%

% of EOY assets

0.769%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,110

$109,905+62.1%

$98,506+80.8%

$167,553+6.3%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

-42.94%

1960.20%-2003.1pp

1494.92%-1537.9pp

478.89%-521.8pp

Employer contribution / active EE

$32,989

$3,226+922.6%

$2,961+1014.0%

$4,840+581.6%

Participant deferral / active EE

$35,991

$4,674+670.0%

$4,277+741.5%

$6,343+467.4%

Admin fee / account holder

$1,370

$6,760-79.7%

$5,955-77.0%

$12,316-88.9%

Provider

Service type

Compensation

FIRST NATIONAL BANK OF OMAHA7+ years

Service code 37 · EIN 47-0259043

Loan Processing

$13,928

WIPFLI LLP4 years

Filed as: WIPFLI CPAS

Service code 10 · EIN 39-0758449

Accounting

$8,400

PRIME CAPITAL INVESTMENT ADVISORS1 year

Filed as: PRIME CAPITAL INVESTMENT

Service code 27

6201 COLLEGE BLVD. · OVERLAND PARK, KS 66211

Advisory (Plan)

$6,277

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$2,650

HARRY K. FRIEDMAN1 year

Filed as: THE HARRY A KOCH CO

Service code 10

FIRST INSURANCE GROUP · OMAHA, NE 68154

Accounting

$250

CAPSTAN CORPORATION & AFFILIATED COMPANIES 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAPSTAN CORPORATION & AFFILIATED COMPANIES 401(K) RETIREMENT PLAN

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