Retirement plan

OVERHEAD DOOR COMPANY OF BALTIMORE INC, 401(K) PLAN

Name: OVERHEAD DOOR COMPANY OF BALTIMO - OVERHEAD DOOR COMPANY OF BALTIMORE INC, 401(K) PLAN (2016) Form 5500
Creator: OVERHEAD DOOR COMPANY OF BALTIMO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OVERHEAD DOOR COMPANY OF BALTIMORE INC, 401(K) PLAN, OVERHEAD DOOR COMPANY OF BALTIMO

OVERHEAD DOOR COMPANY OF BALTIMOEIN 52-0688011Plan #001PY 2016

3501 CENTURY AVENUE - BALTIMORE, MD 21227410-636-6300LinkedIn51-200 employees

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+17.1% from 2015

Total participants

126

+7.7% from 2015

Average account balance

$31,405

+9.1% from 2015

Annual return

8.26%

+9.18 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.60M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

109

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$289K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7427

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 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984	Other Services	$0
NFP RETIREMENT INC1 year Filed as: NFP Service code 49 15800 CRABBS BRANCH WAY · ROCKVILLE, MD 20555	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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: MATTHEWS, CARTER & BOYCE, P.C.
Auditor EIN: 541487262
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,405

$52,884-40.6%

$84,753-62.9%

$55,167-43.1%

Participation rate

51.4%

67.5%-16.1pp

76.6%-25.2pp

69.0%-17.6pp

Annual return

8.26%

18.03%-9.8pp

22.78%-14.5pp

169.23%-161.0pp

Employer contribution / active EE

$2,233-100.0%

$3,574-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,753

$2,644-33.7%

$3,712-52.8%

$3,054-42.6%

Admin fee / account holder

$581-100.0%

$5,333-100.0%

$504-100.0%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Service code 49 · EIN 22-3319984

Other Services

NFP RETIREMENT INC1 year

Filed as: NFP

Service code 49

15800 CRABBS BRANCH WAY · ROCKVILLE, MD 20555

Other Services

OVERHEAD DOOR COMPANY OF BALTIMORE INC, 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

OVERHEAD DOOR COMPANY OF BALTIMORE INC, 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