Retirement plan

NORTH CENTRAL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: NORTH CENTRAL SERVICE, INC. - NORTH CENTRAL SERVICE, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: NORTH CENTRAL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH CENTRAL SERVICE, INC. 401(K) PROFIT SHARING PLAN, NORTH CENTRAL SERVICE, INC.

NORTH CENTRAL SERVICE, INC.EIN 41-1330323Plan #002PY 2018

P.O. BOX 310 - BEMIDJI, MN 56619218-444-3855ncsmn.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 1, 1998

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)

$3.2M

-0.7% from 2017

Total participants

-11.8% from 2017

Average account balance

$40,121

+14.4% from 2017

Annual return

-6.72%

-24.69 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.85M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

103

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$939K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3353

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 3 by compensation

Provider	Service type	Compensation
EDWARD JONES2 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$19,812
JULY BUSINESS SERVICES2 years Service code 13 · EIN 74-2715820 PO BOX 2208 · WACO, TX 76703	Contract Administrator	$7,277
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$559

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$894

$12 / participant

Contract admin$894100.0%

% of EOY assets

0.028%

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: MILLER MCDONALD, INC.
Auditor EIN: 411281737
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,121

$57,352-30.0%

$83,831-52.1%

$64,173-37.5%

Participation rate

85.1%

68.6%+16.5pp

76.1%+9.0pp

69.6%+15.6pp

Annual return

-6.72%

11.38%-18.1pp

850.99%-857.7pp

7.63%-14.4pp

Employer contribution / active EE

$2,100

$2,546-17.5%

$3,631-42.2%

$2,381-11.8%

Participant deferral / active EE

$4,298

$2,993+43.6%

$4,082+5.3%

$3,470+23.9%

Admin fee / account holder

$11

$4,046-99.7%

$5,479-99.8%

$4,887-99.8%

Provider

Service type

Compensation

EDWARD JONES2 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$19,812

JULY BUSINESS SERVICES2 years

Service code 13 · EIN 74-2715820

PO BOX 2208 · WACO, TX 76703

Contract Administrator

$7,277

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$559

NORTH CENTRAL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH CENTRAL SERVICE, INC. 401(K) PROFIT SHARING 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