Retirement plan

THE SCOTT FETZER COMPANY IAM LOCAL 1391 401(K) SAVINGS PLAN

Name: WAYNE/SCOTT FETZER COMPANY - THE SCOTT FETZER COMPANY IAM LOCAL 1391 401(K) SAVINGS PLAN (2017) Form 5500
Creator: WAYNE/SCOTT FETZER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SCOTT FETZER COMPANY IAM LOCAL 1391 401(K) SAVINGS PLAN, WAYNE/SCOTT FETZER COMPANY

WAYNE/SCOTT FETZER COMPANYEIN 47-0691267Plan #120PY 2017

28800 CLEMENS ROAD - WESTLAKE, OH 44145440-892-3011

Other plans on this EIN

1 filing

#065Retirement-$2.8M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

+18.8% from 2016

Total participants

-8.8% from 2016

Average account balance

$30,873

+35.0% from 2016

Annual return

21.24%

+16.90 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-78.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$2,994

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$36 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.220%

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: D'AMICO WAWRIN & COMPANY CPA, LLC
Auditor EIN: 821844788
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,873

$67,602-54.3%

$82,312-62.5%

$70,126-56.0%

Participation rate

41.7%

72.8%-31.1pp

76.9%-35.2pp

69.5%-27.9pp

Annual return

21.24%

21.57%-0.3pp

25.88%-4.6pp

73.15%-51.9pp

Employer contribution / active EE

$1,755-100.0%

$2,428-100.0%

$2,343-100.0%

Participant deferral / active EE

$495

$2,987-83.4%

$3,706-86.6%

$3,332-85.1%

Admin fee / account holder

$68

$4,512-98.5%

$5,608-98.8%

$4,645-98.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$2,994

THE SCOTT FETZER COMPANY IAM LOCAL 1391 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SCOTT FETZER COMPANY IAM LOCAL 1391 401(K) SAVINGS 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