Retirement plan

PPI 401(K) AND PROFIT SHARING PLAN

Name: PROFESSIONAL PRODUCTS, INC. - PPI 401(K) AND PROFIT SHARING PLAN (2017) Form 5500
Creator: PROFESSIONAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PPI 401(K) AND PROFIT SHARING PLAN, PROFESSIONAL PRODUCTS, INC.

PROFESSIONAL PRODUCTS, INC.EIN 59-1038674Plan #001PY 2017

P.O. BOX 589 - DEFUNIAK SPRINGS, FL 32435850-892-5731professionalproducts.usLinkedIn51-200 employeesmedical devices

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2M

-5.9% from 2016

Total participants

101

-1.9% from 2016

Average account balance

$37,055

+4.4% from 2016

Annual return

14.86%

+4.17 pp from 2016

Benchmarks

See 2,342 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,342 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$723

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

+5.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIRST MERCANTILE TRUST COMPANY3+ years Filed as: FIRST MERCANTILE TRUST Service code 13 · EIN 62-0951563	Contract Administrator	$10,341
SUNTRUST BANKS, INC.3+ years Filed as: SUNTRUST INVESTMENT SERVICES, INC. Service code 16 303 PEACHTREE ST PLAZA · ATLANTA, GA 30308	Consulting	$7,643

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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.

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: WARREN AVERETT, CPAS AND ADVISORS
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,055

$56,544-34.5%

$75,501-50.9%

$70,126-47.2%

Participation rate

50.0%

68.1%-18.1pp

72.4%-22.4pp

69.5%-19.5pp

Annual return

14.86%

23.59%-8.7pp

27.35%-12.5pp

73.15%-58.3pp

Employer contribution / active EE

$1,817-100.0%

$2,352-100.0%

$2,343-100.0%

Participant deferral / active EE

$412

$2,580-84.0%

$3,142-86.9%

$3,332-87.6%

Admin fee / account holder

$3,827-100.0%

$5,801-100.0%

$4,645-100.0%

Provider

Service type

Compensation

FIRST MERCANTILE TRUST COMPANY3+ years

Filed as: FIRST MERCANTILE TRUST

Service code 13 · EIN 62-0951563

Contract Administrator

$10,341

SUNTRUST BANKS, INC.3+ years

Filed as: SUNTRUST INVESTMENT SERVICES, INC.

Service code 16

303 PEACHTREE ST PLAZA · ATLANTA, GA 30308

Consulting

$7,643

PPI 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PPI 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion