Retirement plan

FOLDCRAFT CO. RETIREMENT SAVINGS PLAN

Name: FOLDCRAFT CO. - FOLDCRAFT CO. RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: FOLDCRAFT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOLDCRAFT CO. RETIREMENT SAVINGS PLAN, FOLDCRAFT CO.

FOLDCRAFT CO.EIN 41-0762579Plan #002PY 2018

615 CENTENNIAL DRIVE - KENYON, MN 55946507-789-5111plymoldessentials.comLinkedIn201-500 employeesfurniture

Other plans on this EIN

1 filing

#001Retirement-$4.0M assets

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.2M

-2.2% from 2017

Total participants

270

-6.9% from 2017

Average account balance

$40,629

+0.5% from 2017

Annual return

-7.13%

-24.66 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.57M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

130

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$632K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$56,230
MMA SECURITIES LLC1 year Service code 27 · EIN 22-3570392	Advisory (Plan)	$18,385
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP INC Service code 49 · EIN 27-2037959	Other Services	$2,407

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$50K

$210 / participant

Other / not subdivided$50K100.0%

% of EOY assets

0.706%

all-in expense ratio

Categories reported

0 / 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: REDPATH AND COMPANY, LTD
Auditor EIN: 410975573
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,629

$59,191-31.4%

$76,767-47.1%

$56,289-27.8%

Participation rate

60.8%

75.2%-14.4pp

77.0%-16.1pp

69.9%-9.0pp

Annual return

-7.13%

6.62%-13.7pp

2.43%-9.6pp

-9.96%+2.8pp

Employer contribution / active EE

$1,759-100.0%

$2,485-100.0%

$2,111-100.0%

Participant deferral / active EE

$2,290

$3,255-29.6%

$3,852-40.5%

$3,350-31.6%

Admin fee / account holder

$287

$489-41.4%

$6,675-95.7%

$521-45.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$56,230

MMA SECURITIES LLC1 year

Service code 27 · EIN 22-3570392

Advisory (Plan)

$18,385

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP INC

Service code 49 · EIN 27-2037959

Other Services

$2,407

FOLDCRAFT CO. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOLDCRAFT CO. 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