Retirement plan

PA GENERAL ENERGY 401(K) PLAN

Name: PENNSYLVANIA GENERAL ENERGY COMPANY - PA GENERAL ENERGY 401(K) PLAN (2016) Form 5500
Creator: PENNSYLVANIA GENERAL ENERGY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PA GENERAL ENERGY 401(K) PLAN, PENNSYLVANIA GENERAL ENERGY COMPANY

PENNSYLVANIA GENERAL ENERGY COMPANYEIN 43-2002031Plan #001PY 2016

120 MARKET STREET - WARREN, PA 16365814-723-3230penngeneralenergy.comLinkedIn51-200 employeesoil & energy

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.1M

No prior year

Total participants

154

No prior year

Average account balance

$126,051

No prior year

Annual return

11.59%

No prior year

Benchmarks

See 293 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort293 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.38M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

119

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$957K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: BOETGER & ASSOCIATES, INC. Service code 15 1030 STATE STREET, SUITE 3 · ERIE, PA 16501	Recordkeeping	$0
NORTHWEST BANK1+ years Filed as: NORTHWEST SAVINGS BANK Service code 21 1030 STATE STREET, SUITE 1 · ERIE, PA 16501	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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).

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: SISTERSON & COMPANY, LLP
Auditor EIN: 251467156
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,051

$61,616+104.6%

$105,754+19.2%

$55,167+128.5%

Participation rate

86.2%

72.9%+13.2pp

78.9%+7.2pp

69.0%+17.2pp

Annual return

11.59%

11.15%+0.4pp

12.25%-0.7pp

169.23%-157.6pp

Employer contribution / active EE

$3,043-100.0%

$4,079-100.0%

$1,963-100.0%

Participant deferral / active EE

$4,789

$4,213+13.7%

$5,326-10.1%

$3,054+56.8%

Admin fee / account holder

$379-100.0%

$8,309-100.0%

$504-100.0%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: BOETGER & ASSOCIATES, INC.

Service code 15

1030 STATE STREET, SUITE 3 · ERIE, PA 16501

Recordkeeping

NORTHWEST BANK1+ years

Filed as: NORTHWEST SAVINGS BANK

Service code 21

1030 STATE STREET, SUITE 1 · ERIE, PA 16501

Bank Trustee

PA GENERAL ENERGY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PA GENERAL ENERGY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion