Retirement plan

ESSEX INDUSTRIES, INC. 401K & PROFIT SHARING PLAN

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

ESSEX INDUSTRIES, INC.EIN 43-0634211Plan #002PY 2018

7700 GRAVOIS RD - ST LOUIS, MO 63123314-832-4500essexindustries.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25M

-5.4% from 2017

Total participants

384

+5.2% from 2017

Average account balance

$79,390

-12.3% from 2017

Annual return

-3.38%

-18.46 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.49M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

479

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 3 by compensation

Provider	Service type	Compensation
MARVYN YAVITZ2 years Service code 99 · EIN 48-8283864	Other Fees	$79,184
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$30,301
MORNINGSTAR4+ years Service code 26 · EIN 36-4317381	Advisory (Participants)	$26,151

Plan features & details

Pension benefit codes2E2F2J2G2K3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$109K

$357 / participant

Other / not subdivided$109K100.0%

% of EOY assets

0.436%

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: SFW PARTNERS, LLC
Auditor EIN: 431764273
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,390

$65,118+21.9%

$76,767+3.4%

$55,725+42.5%

Participation rate

77.4%

79.6%-2.2pp

77.0%+0.4pp

70.9%+6.5pp

Annual return

-3.38%

-1.27%-2.1pp

2.43%-5.8pp

244.93%-248.3pp

Employer contribution / active EE

$1,451

$1,941-25.3%

$2,485-41.6%

$2,078-30.2%

Participant deferral / active EE

$4,344

$3,688+17.8%

$3,852+12.8%

$3,356+29.5%

Admin fee / account holder

$346

$116+198.6%

$6,675-94.8%

$115+200.4%

Provider

Service type

Compensation

MARVYN YAVITZ2 years

Service code 99 · EIN 48-8283864

Other Fees

$79,184

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$30,301

MORNINGSTAR4+ years

Service code 26 · EIN 36-4317381

Advisory (Participants)

$26,151

ESSEX INDUSTRIES, INC. 401K & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESSEX INDUSTRIES, INC. 401K & 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