Retirement plan

SHAW ELECTRIC COMPANY, INC. RETIREMENT SAVINGS PLAN

Name: SHAW ELECTRIC COMPANY, INC. - SHAW ELECTRIC COMPANY, INC. RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: SHAW ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHAW ELECTRIC COMPANY, INC. RETIREMENT SAVINGS PLAN, SHAW ELECTRIC COMPANY, INC.

SHAW ELECTRIC COMPANY, INC.EIN 42-0843255Plan #001PY 2017

930 E RIVER DRIVE - DAVENPORT, IA 52803563-323-3611shawelec.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh cashLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$10.4M

+7.2% from 2016

Total participants

155

+2.0% from 2016

Average account balance

$80,750

+9.7% from 2016

Annual return

13.03%

+7.91 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.75M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

159

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$8,443
ASCENSUS LLC3+ years Filed as: ASCENSUS CONSULTING - FORT WAYNE Service code 13	Contract Administrator	$4,920
ASCENSUS LLC3+ years Filed as: ASCENSUS CONSULTING Service code 13 · EIN 11-3665754	Contract Administrator	$1,950
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MAS MUTUAL LIFE INS COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INS COMPANY Service code 52	Indirect Investment Fees	$0
TBS AGENCY INC3+ years Service code 53 · EIN 52-1473914	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$199 / participant

Investment mgmt$5K18.6%
Contract admin$4K13.5%
Other / not subdivided$18K67.8%

% of EOY assets

0.252%

all-in expense ratio

Categories reported

2 / 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: ANDERSON, LOWER, WHITLOW, PC
Auditor EIN: 421394940
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,750

$58,726+37.5%

$92,240-12.5%

$62,293+29.6%

Participation rate

80.3%

68.3%+12.0pp

76.5%+3.8pp

69.5%+10.8pp

Annual return

13.03%

43.62%-30.6pp

176.29%-163.3pp

28.90%-15.9pp

Employer contribution / active EE

$3,553

$2,392+48.6%

$3,680-3.4%

$2,042+74.0%

Participant deferral / active EE

$3,147

$2,766+13.8%

$3,897-19.3%

$3,169-0.7%

Admin fee / account holder

$203

$556-63.5%

$5,194-96.1%

$479-57.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$8,443

ASCENSUS LLC3+ years

Filed as: ASCENSUS CONSULTING - FORT WAYNE

Service code 13

Contract Administrator

$4,920

ASCENSUS LLC3+ years

Filed as: ASCENSUS CONSULTING

Service code 13 · EIN 11-3665754

Contract Administrator

$1,950

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MAS MUTUAL LIFE INS COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INS COMPANY

Service code 52

Indirect Investment Fees

TBS AGENCY INC3+ years

Service code 53 · EIN 52-1473914

Insurance Commissions

SHAW ELECTRIC COMPANY, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHAW ELECTRIC COMPANY, INC. 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