Retirement plan

A. C. AND T. CO., INC. 401(K) PROFIT SHARING PLAN

Name: A. C. AND T. CO., INC. - A. C. AND T. CO., INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: A. C. AND T. CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A. C. AND T. CO., INC. 401(K) PROFIT SHARING PLAN, A. C. AND T. CO., INC.

A. C. AND T. CO., INC.EIN 52-0715156Plan #002PY 2016

11535 HOPEWELL ROAD - HAGERSTOWN, MD 21740301-582-2700

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$11.3M

No prior year

Total participants

583

No prior year

Average account balance

$27,903

No prior year

Annual return

-0.21%

No prior year

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.71M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

422

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ BENEFITS AND INSURANCE SERIVES Service code 13 · EIN 31-1582098	Contract Administrator	$31,705
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081	Recordkeeping	$24,054
BB&T RETIREMENT AND INSTL SERVICES1+ years Service code 24 · EIN 56-0939887	Discretionary Trustee	$16,914
FLURIE & SLICK, CPA1+ years Service code 10 · EIN 52-1809138	Accounting	$12,800
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ FINANCIAL SOLUTIONS, INC Service code 27 · EIN 52-1396995	Advisory (Plan)	$10,972
SUSQUEHANNA TRUST & INVESTMENT CO.1+ years Service code 24 · EIN 25-1823061	Discretionary Trustee	$1,556

Plan features & details

Pension benefit codes2E2J2K2H2F3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$98K

$175 / participant

Investment mgmt$29K30.0%
Other / not subdivided$69K70.0%

% of EOY assets

0.871%

all-in expense ratio

Categories reported

1 / 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: FLURIE, SLICK & KINNETT, CPA'S, PA
Auditor EIN: 521809138
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,903

$37,044-24.7%

$71,796-61.1%

$57,658-51.6%

Participation rate

68.1%

61.1%+7.0pp

69.1%-1.0pp

70.2%-2.1pp

Annual return

-0.21%

12.64%-12.9pp

78.04%-78.3pp

5.13%-5.3pp

Employer contribution / active EE

$752

$720+4.4%

$1,924-60.9%

$1,974-61.9%

Participant deferral / active EE

$816

$1,974-58.7%

$2,794-70.8%

$3,061-73.3%

Admin fee / account holder

$243

$101+140.7%

$4,815-95.0%

$95+157.0%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES1+ years

Filed as: CBIZ BENEFITS AND INSURANCE SERIVES

Service code 13 · EIN 31-1582098

Contract Administrator

$31,705

ALERUS FINANCIAL, N.A.1+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$24,054

BB&T RETIREMENT AND INSTL SERVICES1+ years

Service code 24 · EIN 56-0939887

Discretionary Trustee

$16,914

FLURIE & SLICK, CPA1+ years

Service code 10 · EIN 52-1809138

Accounting

$12,800

CBIZ RETIREMENT PLAN SERVICES1+ years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC

Service code 27 · EIN 52-1396995

Advisory (Plan)

$10,972

SUSQUEHANNA TRUST & INVESTMENT CO.1+ years

Service code 24 · EIN 25-1823061

Discretionary Trustee

$1,556

A. C. AND T. CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A. C. AND T. CO., INC. 401(K) PROFIT SHARING 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