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 (2018) 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 2018

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

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$14M

+9.8% from 2017

Total participants

729

+12.8% from 2017

Average account balance

$33,334

+23.1% from 2017

Annual return

6.16%

-5.44 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081	Recordkeeping	$40,482
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ FINANICAL SOLUTIONS INC. Service code 27 · EIN 52-1396995	Advisory (Plan)	$14,167
BB&T1 year Service code 24 · EIN 56-0939887	Discretionary Trustee	$9,396
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 13 · EIN 31-1582098	Contract Administrator	$3,380

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

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

$99K

$149 / participant

Contract admin$41K42.1%
Other / not subdivided$57K57.9%

% of EOY assets

0.704%

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: SMITH ELLIOTT KEARNS & COMPANY, LLC
Auditor EIN: 520783935
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,334

$35,485-6.1%

$74,551-55.3%

$55,725-40.2%

Participation rate

53.4%

62.5%-9.1pp

69.1%-15.8pp

70.9%-17.5pp

Annual return

6.16%

0.72%+5.4pp

32.53%-26.4pp

244.93%-238.8pp

Employer contribution / active EE

$817

$777+5.1%

$1,961-58.3%

$2,078-60.7%

Participant deferral / active EE

$805

$2,181-63.1%

$3,108-74.1%

$3,356-76.0%

Admin fee / account holder

$235

$114+105.2%

$5,059-95.4%

$115+103.7%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Filed as: ALERUS FINANCIAL

Service code 15 · EIN 45-6062081

Recordkeeping

$40,482

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ FINANICAL SOLUTIONS INC.

Service code 27 · EIN 52-1396995

Advisory (Plan)

$14,167

BB&T1 year

Service code 24 · EIN 56-0939887

Discretionary Trustee

$9,396

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 13 · EIN 31-1582098

Contract Administrator

$3,380

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