Retirement plan

JEWEL-CRAFT, INC. PROFIT SHARING PLAN

Name: JEWEL-CRAFT, INC. - JEWEL-CRAFT, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: JEWEL-CRAFT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEWEL-CRAFT, INC. PROFIT SHARING PLAN, JEWEL-CRAFT, INC.

JEWEL-CRAFT, INC.EIN 61-0732064Plan #001PY 2016

4122 OLYMPIC BLVD. - ERLANGER, KY 41018859-282-2400jewel-craft.comLinkedIn51-200 employeesluxury goods & jewelry

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+7.8% from 2015

Total participants

165

+8.6% from 2015

Average account balance

$42,459

-2.1% from 2015

Annual return

7.89%

+8.05 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.92M

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.

240

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$714K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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
DOVER PARTNERS, INC.2+ years Service code 28 · EIN 31-1281898	Investment Management	$39,081
RSM US LLP1 year Service code 10 · EIN 42-0714325	Accounting	$9,150
BB & T (FORMERLY BANK OF KENTUCKY)2+ years Service code 31 P O BOX 2887 · WILSON, NC 278942887	Named fiduciary	$1,429

Plan features & details

Pension benefit codes2A2E2J2K3D

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.
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 transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$51K

$344 / participant

Investment mgmt$41K79.6%
Other / not subdivided$10K20.4%

% of EOY assets

0.731%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,459

$60,165-29.4%

$74,184-42.8%

$55,167-23.0%

Participation rate

99.3%

74.2%+25.2pp

76.6%+22.7pp

69.0%+30.3pp

Annual return

7.89%

10.00%-2.1pp

17.74%-9.8pp

169.23%-161.3pp

Employer contribution / active EE

$808

$1,600-49.5%

$2,370-65.9%

$1,963-58.9%

Participant deferral / active EE

$1,952

$2,973-34.3%

$3,550-45.0%

$3,054-36.1%

Admin fee / account holder

$310

$419-26.0%

$5,586-94.4%

$504-38.4%

Provider

Service type

Compensation

DOVER PARTNERS, INC.2+ years

Service code 28 · EIN 31-1281898

Investment Management

$39,081

RSM US LLP1 year

Service code 10 · EIN 42-0714325

Accounting

$9,150

BB & T (FORMERLY BANK OF KENTUCKY)2+ years

Service code 31

P O BOX 2887 · WILSON, NC 278942887

Named fiduciary

$1,429

JEWEL-CRAFT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEWEL-CRAFT, INC. 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