Retirement plan

PS DOORS SAFE HARBOR 401(K) PLAN

Name: PRODUCTION SPECIALTIES CORPORATION - PS DOORS SAFE HARBOR 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.7M

+22.7% from 2019

Total participants

120

-8.4% from 2019

Average account balance

$99,365

+35.2% from 2019

Annual return

15.91%

-6.75 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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.4 years Service code 15 · EIN 45-6062081	Recordkeeping	$29,599

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

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

$30K

$298 / participant

Investment mgmt$28K94.1%
Contract admin$2K5.9%

% of EOY assets

0.309%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,365

$69,383+43.2%

$101,264-1.9%

$73,493+35.2%

Participation rate

78.2%

68.4%+9.8pp

75.8%+2.4pp

70.7%+7.5pp

Annual return

15.91%

18.46%-2.5pp

46.48%-30.6pp

28.51%-12.6pp

Employer contribution / active EE

$2,272

$2,628-13.5%

$3,660-37.9%

$2,270+0.1%

Participant deferral / active EE

$4,052

$3,301+22.8%

$4,370-7.3%

$3,740+8.4%

Admin fee / account holder

$307

$704-56.4%

$5,947-94.8%

$513-40.2%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.4 years

Service code 15 · EIN 45-6062081

Recordkeeping

$29,599

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