Retirement plan

INDUSTRIAL SERVICE CORP. EMPLOYEE 401(K) PLAN

Name: NORTHWESTERN PLASTICS, LTD - INDUSTRIAL SERVICE CORP. EMPLOYEE 401(K) PLAN (2016) Form 5500
Creator: NORTHWESTERN PLASTICS, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL SERVICE CORP. EMPLOYEE 401(K) PLAN, NORTHWESTERN PLASTICS, LTD

NORTHWESTERN PLASTICS, LTDdba INDUSTRIAL SERVICE CORP.EIN 42-1193589Plan #001PY 2016

1731 N. ROOSEVELT AVENUE - BURLINGTON, IA 52601319-754-4000

Prospect flagsHigh feesLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.2M

+16.1% from 2015

Total participants

126

+0.8% from 2015

Average account balance

$20,493

+16.1% from 2015

Annual return

7.42%

+9.08 pp from 2015

Benchmarks

See 458 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort458 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

138

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.

69.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$522K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$407

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 3 by compensation

Provider	Service type	Compensation
CPA ASSOCIATES PC1 year Filed as: CPA ASSOCIATES Service code 10 401 S. ROOSEVELT AVE · BURLINGTON, IA 52655	Accounting	$19,011
THE VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930	Recordkeeping	$11,035
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$6,053

Plan features & details

Pension benefit codes2E2F2G2T2J2K3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$36K

$401 / participant

Investment mgmt$6K16.8%
Contract admin$11K30.6%
Other / not subdivided$19K52.7%

% of EOY assets

1.631%

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: CPA ASSOCIATES PC
Auditor EIN: 421144302
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,493

$48,300-57.6%

$40,145,923-99.9%

$62,881-67.4%

Participation rate

80.0%

62.0%+18.0pp

68.4%+11.6pp

69.3%+10.7pp

Annual return

7.42%

6.95%+0.5pp

5.24%+2.2pp

20.14%-12.7pp

Employer contribution / active EE

$699

$1,333-47.6%

$1,844-62.1%

$2,281-69.4%

Participant deferral / active EE

$1,815

$2,388-24.0%

$2,591-30.0%

$3,203-43.3%

Admin fee / account holder

$334

$2,919-88.5%

$2,903-88.5%

$4,296-92.2%

Provider

Service type

Compensation

CPA ASSOCIATES PC1 year

Filed as: CPA ASSOCIATES

Service code 10

401 S. ROOSEVELT AVE · BURLINGTON, IA 52655

Accounting

$19,011

THE VANGUARD GROUP, INC.2+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$11,035

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$6,053

INDUSTRIAL SERVICE CORP. EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL SERVICE CORP. EMPLOYEE 401(K) 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