Retirement plan

SKINNER TRANSFER CORPORATION 401(K) PROFIT SHARING PLAN

Name: SKINNER TRANSFER CORPORATION - SKINNER TRANSFER CORPORATION 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SKINNER TRANSFER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKINNER TRANSFER CORPORATION 401(K) PROFIT SHARING PLAN, SKINNER TRANSFER CORPORATION

SKINNER TRANSFER CORPORATIONEIN 39-1145835Plan #002PY 2017

PO BOX 438 - REEDSBURG, WI 539590438608-524-2326skinnertransfer.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow returnsLow participationLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+4.4% from 2016

Total participants

114

-5.0% from 2016

Average account balance

$27,348

+10.1% from 2016

Annual return

10.35%

+9.95 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

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.

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.

61.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6168

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

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EACH ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,897
VALMARK ADVISERS INC2+ years Filed as: VALMARK ADVISERS, INC. Service code 27 130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333	Advisory (Plan)	$7,469
VALMARK ADVISERS INC1 year Filed as: VALMARK SECURITIES Service code 55	Other Commissions	$6,771
KELLY FINANCIAL, INC.2+ years Service code 13 120 E. LAKESIDE STREET · MADISON, WI 53715	Contract Administrator	$3,392
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1
VALMARK ADVISERS INC2+ years Filed as: VALMARK SECURITIES INC. Service code 55 130 SPRINGSIDE DR. #300 · AKRON, OH 44333	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$11K

$109 / participant

Contract admin$8K76.1%
Other / not subdivided$3K23.9%

% of EOY assets

0.548%

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: HONKAMP KRUEGER & CO., P.C.
Auditor EIN: 420946155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,348

$46,297-40.9%

$71,671-61.8%

$62,293-56.1%

Participation rate

60.8%

60.6%+0.1pp

68.7%-8.0pp

69.5%-8.7pp

Annual return

10.35%

22.32%-12.0pp

20.65%-10.3pp

28.90%-18.5pp

Employer contribution / active EE

$1,412-99.8%

$2,460-99.9%

$2,042-99.8%

Participant deferral / active EE

$1,685

$2,235-24.6%

$3,438-51.0%

$3,169-46.8%

Admin fee / account holder

$150

$461-67.4%

$5,558-97.3%

$479-68.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EACH ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,897

VALMARK ADVISERS INC2+ years

Filed as: VALMARK ADVISERS, INC.

Service code 27

130 SPRINGSIDE DRIVE STE 300 · AKRON, OH 44333

Advisory (Plan)

$7,469

VALMARK ADVISERS INC1 year

Filed as: VALMARK SECURITIES

Service code 55

Other Commissions

$6,771

KELLY FINANCIAL, INC.2+ years

Service code 13

120 E. LAKESIDE STREET · MADISON, WI 53715

Contract Administrator

$3,392

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

VALMARK ADVISERS INC2+ years

Filed as: VALMARK SECURITIES INC.

Service code 55

130 SPRINGSIDE DR. #300 · AKRON, OH 44333

Other Commissions

SKINNER TRANSFER CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SKINNER TRANSFER CORPORATION 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