Retirement plan

ESCO GROUP 401(K) PLAN

Name: ESCO ELECTRIC COMPANY - ESCO GROUP 401(K) PLAN (2018) Form 5500
Creator: ESCO ELECTRIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESCO GROUP 401(K) PLAN, ESCO ELECTRIC COMPANY

ESCO ELECTRIC COMPANYEIN 42-1371483Plan #001PY 2018

3450 THIRD STREET, P.O. BOX 708 - MARION, IA 52302319-739-2210

Other plans on this EIN

1 filing

#002Retirement-$4.0M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.5M

-4.0% from 2017

Total participants

137

+5.4% from 2017

Average account balance

$115,793

-6.3% from 2017

Annual return

-7.17%

-29.76 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.96M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

211

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.

48.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

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

+17.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$490

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$49,834
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: SIGNATOR INVESTORS INC Service code 55 197 CLARENDON ST · BOSTON, MA 02116	Other Commissions	$36,811
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN TRUST & SAVINGS BANK Service code 13	Contract Administrator	$10,000
BOHR, DAHM, GREIF & ASSOCIATES1 year Filed as: BOHR, DAHM, GREIF & ASSOCIATES, PC Service code 10 1845 51ST STREET NE · CEDAR RAPIDS, IA 52402	Accounting	$8,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT AGENCY SVCS Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,069
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN TRUST RETIREMENT Service code 13 855 MAIN STREET · DUBUQUE, IA 52001	Contract Administrator	$1,750

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$60K

$521 / participant

Other / not subdivided$60K100.0%

% of EOY assets

0.418%

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: BOHR, DAHM, GREIF & ASSOCIATES, PC
Auditor EIN: 421508032
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,793

$73,102+58.4%

$123,549-6.3%

$56,287+105.7%

Participation rate

89.7%

74.3%+15.3pp

82.3%+7.4pp

69.9%+19.8pp

Annual return

-7.17%

3.01%-10.2pp

119.20%-126.4pp

-9.96%+2.8pp

Employer contribution / active EE

$801

$2,977-73.1%

$4,628-82.7%

$2,111-62.0%

Participant deferral / active EE

$6,403

$5,423+18.1%

$6,426-0.4%

$3,350+91.1%

Admin fee / account holder

$484

$554-12.7%

$9,284-94.8%

$521-7.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$49,834

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: SIGNATOR INVESTORS INC

Service code 55

197 CLARENDON ST · BOSTON, MA 02116

Other Commissions

$36,811

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN TRUST & SAVINGS BANK

Service code 13

Contract Administrator

$10,000

BOHR, DAHM, GREIF & ASSOCIATES1 year

Filed as: BOHR, DAHM, GREIF & ASSOCIATES, PC

Service code 10

1845 51ST STREET NE · CEDAR RAPIDS, IA 52402

Accounting

$8,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT AGENCY SVCS

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,069

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN TRUST RETIREMENT

Service code 13

855 MAIN STREET · DUBUQUE, IA 52001

Contract Administrator

$1,750

ESCO GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESCO GROUP 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