Retirement plan

PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN

Name: BOARD OF TRUSTEES OF THE PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN - PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES OF THE PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN, BOARD OF TRUSTEES OF THE PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN

BOARD OF TRUSTEES OF THE PRESSMEN LOCAL 72 401(K) RETIREMENT PLANEIN 52-1718093Plan #001PY 2017

6037 BALTIMORE AVENUE - RIVERDALE, MD 207371903301-699-1202

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.8M

+2.2% from 2016

Total participants

290

-18.8% from 2016

Average account balance

$49,883

+10.0% from 2016

Annual return

19.69%

+12.68 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.58M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

260

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$440K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+19.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$529

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
RETIREMENT PLANNERS & ADMINISTRATOR3+ years Service code 13 · EIN 62-1038805 7639 LEESBURG PIKE · FALLS CHURCH, VA 22043	Contract Administrator	$13,893
SALTER & COMPANY, LLC3+ years Service code 10 · EIN 20-8078757 4600 EAST WEST HIGHWAY SUITE 300 · BETHESDA, MD 20814	Accounting	$8,943
O'DONOGHUE & O'DONOGHUE3+ years Service code 29 · EIN 53-0120528 4748 WISCONSIN AVE, NW · WASHINGTON, DC 20016	Legal	$5,970

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$68K

$429 / participant

Contract admin$31K46.2%
Other / not subdivided$36K53.8%

% of EOY assets

0.576%

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: SALTER & COMPANY LLC
Auditor EIN: 208078757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,883

$63,314-21.2%

$91,004-45.2%

$62,293-19.9%

Participation rate

65.8%

73.3%-7.5pp

75.6%-9.8pp

69.5%-3.7pp

Annual return

19.69%

21.00%-1.3pp

4.60%+15.1pp

28.90%-9.2pp

Employer contribution / active EE

$438

$1,807-75.8%

$2,456-82.2%

$2,042-78.6%

Participant deferral / active EE

$2,399

$2,944-18.5%

$3,548-32.4%

$3,169-24.3%

Admin fee / account holder

$287

$468-38.6%

$5,417-94.7%

$479-40.1%

Provider

Service type

Compensation

RETIREMENT PLANNERS & ADMINISTRATOR3+ years

Service code 13 · EIN 62-1038805

7639 LEESBURG PIKE · FALLS CHURCH, VA 22043

Contract Administrator

$13,893

SALTER & COMPANY, LLC3+ years

Service code 10 · EIN 20-8078757

4600 EAST WEST HIGHWAY SUITE 300 · BETHESDA, MD 20814

Accounting

$8,943

O'DONOGHUE & O'DONOGHUE3+ years

Service code 29 · EIN 53-0120528

4748 WISCONSIN AVE, NW · WASHINGTON, DC 20016

Legal

$5,970

PRESSMEN LOCAL 72 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESSMEN LOCAL 72 401(K) RETIREMENT 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