Retirement plan

SCHIMBERG CO. PROFIT SHARING PLAN

Name: SCHIMBERG CO. - SCHIMBERG CO. PROFIT SHARING PLAN (2017) Form 5500
Creator: SCHIMBERG CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHIMBERG CO. PROFIT SHARING PLAN, SCHIMBERG CO.

SCHIMBERG CO.EIN 42-0509630Plan #001PY 2017

1106 SHAVER ROAD NE - CEDAR RAPIDS, IA 52406319-365-9421schimberg.comLinkedIn51-200 employeeswholesale

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$22.5M

+13.2% from 2016

Total participants

190

+32.9% from 2016

Average account balance

$160,693

+10.0% from 2016

Annual return

13.96%

+7.34 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.85M

Not enough data

1 years with asset history on file

Average account balance

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

$258K

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.

162

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$542

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 4 by compensation

Provider	Service type	Compensation
BENJAMIN F EDWARDS & COMPANY INC.1 year Filed as: BENJAMIN F EDWARDS Service code 16 1 NORTH BRENTWOOD BLVD. ST. · ST. LOUIS, MO 63105	Consulting	$41,287
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Sales l...	$34,645
MID ATLANTIC CAPITAL CORPORATION3+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$35K

$228 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.154%

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: LATTAHARRIS, LLP
Auditor EIN: 391901322
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,693

$71,192+125.7%

$117,860+36.3%

$62,293+158.0%

Participation rate

67.1%

74.2%-7.1pp

79.7%-12.6pp

69.5%-2.4pp

Annual return

13.96%

18.66%-4.7pp

335.10%-321.1pp

28.90%-14.9pp

Employer contribution / active EE

$11,126

$1,934+475.3%

$3,786+193.9%

$2,042+444.8%

Participant deferral / active EE

$3,189-100.0%

$4,482-100.0%

$3,169-100.0%

Admin fee / account holder

$247

$587-57.9%

$8,021-96.9%

$479-48.4%

Provider

Service type

Compensation

BENJAMIN F EDWARDS & COMPANY INC.1 year

Filed as: BENJAMIN F EDWARDS

Service code 16

1 NORTH BRENTWOOD BLVD. ST. · ST. LOUIS, MO 63105

Consulting

$41,287

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Sales l...

$34,645

MID ATLANTIC CAPITAL CORPORATION3+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

SCHIMBERG CO. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHIMBERG CO. 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