Retirement plan

EMPLOYEES 401(K) AND PROFIT SHARING PLAN AND TRUST AGREEMENT OF DIXIE METAL PRODUCTS, INC.

Name: DIXIE METAL PRODUCTS, INC. - EMPLOYEES 401(K) AND PROFIT SHARING PLAN AND TRUST AGREEMENT OF DIXIE METAL PRODUCTS, INC. (2016) Form 5500
Creator: DIXIE METAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES 401(K) AND PROFIT SHARING PLAN AND TRUST AGREEMENT OF DIXIE METAL PRODUCTS, INC., DIXIE METAL PRODUCTS, INC.

DIXIE METAL PRODUCTS, INC.EIN 59-1196205Plan #001PY 2016

442 SW 54TH COURT - OCALA, FL 34474352-873-2557dixiemetals.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh retiree %Low returnsLow assets / participant

How to read this page

Total assets (EOY)

$1.8M

No prior year

Total participants

101

No prior year

Average account balance

$19,358

No prior year

Annual return

-5.48%

No prior year

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.38M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

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

+20.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6414

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081	Recordkeeping	$12,223
ASSET STRATEGY CONSULTANTS1+ years Filed as: THISTLE ASSET CONSULTING Service code 21 · EIN 20-3900887	Bank Trustee	$7,437

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return 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.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$22K

$303 / participant

Investment mgmt$10K45.4%
Other / not subdivided$12K54.6%

% of EOY assets

1.244%

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: AHEARN, JASCO COMPANY, P.A.
Auditor EIN: 592008973
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,358

$60,349-67.9%

$74,184-73.9%

$62,881-69.2%

Participation rate

89.2%

72.7%+16.5pp

76.6%+12.6pp

69.3%+19.9pp

Annual return

-5.48%

21.38%-26.9pp

17.74%-23.2pp

20.14%-25.6pp

Employer contribution / active EE

$1,059

$1,680-37.0%

$2,370-55.3%

$2,281-53.6%

Participant deferral / active EE

$2,856-100.0%

$3,550-100.0%

$3,203-100.0%

Admin fee / account holder

$241

$4,261-94.4%

$5,586-95.7%

$4,296-94.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$12,223

ASSET STRATEGY CONSULTANTS1+ years

Filed as: THISTLE ASSET CONSULTING

Service code 21 · EIN 20-3900887

Bank Trustee

$7,437

EMPLOYEES 401(K) AND PROFIT SHARING PLAN AND TRUST AGREEMENT OF DIXIE METAL PRODUCTS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES 401(K) AND PROFIT SHARING PLAN AND TRUST AGREEMENT OF DIXIE METAL PRODUCTS, INC.

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