Retirement plan

POWER COMPONENT SYSTEMS, INC. EMPLOYEE 401(K)/PROFIT SHARING PLAN

Name: POWER COMPONENT SYSTEMS, INC. - POWER COMPONENT SYSTEMS, INC. EMPLOYEE 401(K)/PROFIT SHARING PLAN (2016) Form 5500
Creator: POWER COMPONENT SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER COMPONENT SYSTEMS, INC. EMPLOYEE 401(K)/PROFIT SHARING PLAN, POWER COMPONENT SYSTEMS, INC.

POWER COMPONENT SYSTEMS, INC.EIN 52-1197676Plan #001PY 2016

7526 CONNELLY DRIVE, SUITE R - HANOVER, MD 21076410-760-0022powercomponentsystems.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$6.5M

+7.3% from 2015

Total participants

451

+25.6% from 2015

Average account balance

$17,368

-1.3% from 2015

Annual return

5.08%

+6.44 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

$15.08M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

314

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$33,445
COASTAL PENSION SERVICES2+ years Filed as: COASTAL PENSION SERVICES, INC. Service code 17 · EIN 52-1053785	Pension Consulting	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$33K

$138 / participant

Contract admin$33K100.0%

% of EOY assets

0.514%

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: ROBERT D. HAUCK, LLC
Auditor EIN: 521447872
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,368

$52,884-67.2%

$84,753-79.5%

$55,167-68.5%

Participation rate

68.2%

67.5%+0.7pp

76.6%-8.4pp

69.0%-0.8pp

Annual return

5.08%

18.03%-12.9pp

22.78%-17.7pp

169.23%-164.1pp

Employer contribution / active EE

$2,820

$2,233+26.3%

$3,574-21.1%

$1,963+43.7%

Participant deferral / active EE

$880

$2,644-66.7%

$3,712-76.3%

$3,054-71.2%

Admin fee / account holder

$89

$581-84.6%

$5,333-98.3%

$504-82.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$33,445

COASTAL PENSION SERVICES2+ years

Filed as: COASTAL PENSION SERVICES, INC.

Service code 17 · EIN 52-1053785

Pension Consulting

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

POWER COMPONENT SYSTEMS, INC. EMPLOYEE 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER COMPONENT SYSTEMS, INC. EMPLOYEE 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