Retirement plan

31-W INSULATION CO., INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN

Name: 31-W INSULATION CO., INC. - 31-W INSULATION CO., INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: 31-W INSULATION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 31-W INSULATION CO., INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN, 31-W INSULATION CO., INC.

31-W INSULATION CO., INC.EIN 62-1037670Plan #001PY 2015

7434 CYCLE LANE - GOODLETTSVILLE, TN 37072615-643-390031w.comLinkedIn501-1000 employeesbuilding materials

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

No prior year

Total participants

422

No prior year

Average account balance

$46,836

No prior year

Annual return

0.92%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.71M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

254

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.

39.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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
NATIONWIDE1+ years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$23,552
ASCENSUS LLC1+ years Filed as: ACCESS RETIREMENT SERVICES, LLC Service code 15 · EIN 62-1700633	Recordkeeping	$20,615
THE RETIREMENT ADVANTAGE INC1+ years Filed as: THE RETIREMENT ADVANATAGE, INC. Service code 15 PO BOX 8822 · CAROL STREAM, IL 60197	Recordkeeping	$2,260

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

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$46K

$118 / participant

Investment mgmt$18K38.3%
Contract admin$6K12.4%
Other / not subdivided$23K49.3%

% of EOY assets

0.627%

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: FRASIER, DEAN & HOWARD, PLLC
Auditor EIN: 621073578
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,836

$50,498-7.3%

$75,784-38.2%

$55,191-15.1%

Participation rate

33.2%

69.4%-36.3pp

75.8%-42.7pp

69.2%-36.0pp

Annual return

0.92%

1.80%-0.9pp

9.68%-8.8pp

10.78%-9.9pp

Employer contribution / active EE

$2,291-100.0%

$3,323-100.0%

$1,899-100.0%

Participant deferral / active EE

$897

$2,589-65.3%

$3,652-75.4%

$3,046-70.5%

Admin fee / account holder

$294

$123+138.8%

$5,300-94.5%

$91+223.7%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$23,552

ASCENSUS LLC1+ years

Filed as: ACCESS RETIREMENT SERVICES, LLC

Service code 15 · EIN 62-1700633

Recordkeeping

$20,615

THE RETIREMENT ADVANTAGE INC1+ years

Filed as: THE RETIREMENT ADVANATAGE, INC.

Service code 15

PO BOX 8822 · CAROL STREAM, IL 60197

Recordkeeping

$2,260

31-W INSULATION CO., INC. PROFIT-SHARING AND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

31-W INSULATION CO., INC. PROFIT-SHARING AND RETIREMENT 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