Retirement plan

STANDARD CALIBRATIONS, INC. SAVINGS PLAN

Name: STANDARD CALIBRATIONS, INC. - STANDARD CALIBRATIONS, INC. SAVINGS PLAN (2017) Form 5500
Creator: STANDARD CALIBRATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STANDARD CALIBRATIONS, INC. SAVINGS PLAN, STANDARD CALIBRATIONS, INC.

STANDARD CALIBRATIONS, INC.EIN 54-1496330Plan #001PY 2017

908 VENTURES WAY - CHESAPEAKE, VA 233202856757-549-6534standardcal.comLinkedIn51-200 employeesindustrial automation

Prospect flagsHigh feesFailed to provide benefit

How to read this page

Total assets (EOY)

$9.4M

+23.1% from 2016

Total participants

104

+9.5% from 2016

Average account balance

$112,129

+14.3% from 2016

Annual return

19.48%

+9.98 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.29M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

112

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$927K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$415

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
CHERRY BEKAERT LLP2 years Filed as: CHERRY BEKAERT WEALTH MANAGEMENT Service code 27 222 CENTRAL PARK AVE, SUITE 1400 · VIRGINIA BEACH, VA 23462	Advisory (Plan)	$20,154
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$8,630
CHERRY BEKAERT LLP2 years Service code 13 · EIN 56-0574444	Contract Administrator	$855

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$30K

$345 / participant

Investment mgmt$20K68.0%
Contract admin$9K32.0%

% of EOY assets

0.315%

all-in expense ratio

Categories reported

2 / 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: CHARLES W. SNADER, PC
Auditor EIN: 541873714
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,129

$63,346+77.0%

$92,239+21.6%

$70,124+59.9%

Participation rate

76.7%

68.7%+8.1pp

76.5%+0.3pp

69.5%+7.2pp

Annual return

19.48%

530.19%-510.7pp

176.29%-156.8pp

73.14%-53.7pp

Employer contribution / active EE

$2,050

$2,471-17.0%

$3,680-44.3%

$2,342-12.5%

Participant deferral / active EE

$3,884

$2,854+36.1%

$3,897-0.3%

$3,332+16.6%

Admin fee / account holder

$353

$3,841-90.8%

$5,194-93.2%

$4,645-92.4%

Provider

Service type

Compensation

CHERRY BEKAERT LLP2 years

Filed as: CHERRY BEKAERT WEALTH MANAGEMENT

Service code 27

222 CENTRAL PARK AVE, SUITE 1400 · VIRGINIA BEACH, VA 23462

Advisory (Plan)

$20,154

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$8,630

CHERRY BEKAERT LLP2 years

Service code 13 · EIN 56-0574444

Contract Administrator

$855

STANDARD CALIBRATIONS, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STANDARD CALIBRATIONS, INC. SAVINGS 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