Retirement plan

PS DOORS SAFE HARBOR 401(K) PLAN

Name: PRODUCTION SPECIALTIES CORPORATION - PS DOORS SAFE HARBOR 401(K) PLAN (2018) Form 5500
Creator: PRODUCTION SPECIALTIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PS DOORS SAFE HARBOR 401(K) PLAN, PRODUCTION SPECIALTIES CORPORATION

PRODUCTION SPECIALTIES CORPORATIONEIN 45-0345209Plan #001PY 2018

4212 GATEWAY DR - GRAND FORKS, ND 58203701-795-6568psindustries.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.1M

-10.4% from 2017

Total participants

141

+5.2% from 2017

Average account balance

$63,221

+5.3% from 2017

Annual return

-18.34%

-34.44 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.84M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$775K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9641

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081	Recordkeeping	$26,273

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$215 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.428%

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: BRADY, MARTZ, AND ASSOCATES, PC
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,221

$55,449+14.0%

$83,850-24.6%

$56,287+12.3%

Participation rate

63.9%

68.0%-4.1pp

76.1%-12.2pp

69.9%-5.9pp

Annual return

-18.34%

-1.38%-17.0pp

850.92%-869.3pp

-9.96%-8.4pp

Employer contribution / active EE

$2,046

$2,430-15.8%

$3,631-43.7%

$2,111-3.1%

Participant deferral / active EE

$3,752

$2,935+27.8%

$4,082-8.1%

$3,350+12.0%

Admin fee / account holder

$271

$656-58.7%

$5,478-95.1%

$521-48.0%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.2 years

Service code 15 · EIN 45-6062081

Recordkeeping

$26,273

PS DOORS SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PS DOORS SAFE HARBOR 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