Retirement plan

JACKSON IRON & METAL COMPANY, INC. PROFIT SHARING 401(K) PLAN

Name: JACKSON IRON & METAL COMPANY, INC. - JACKSON IRON & METAL COMPANY, INC. PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: JACKSON IRON & METAL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON IRON & METAL COMPANY, INC. PROFIT SHARING 401(K) PLAN, JACKSON IRON & METAL COMPANY, INC.

JACKSON IRON & METAL COMPANY, INC.EIN 64-0591540Plan #002PY 2016

P.O. BOX 23309 - JACKSON, MS 392253309601-969-6910

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$16.7M

+8.2% from 2015

Total participants

491

+3.8% from 2015

Average account balance

$37,684

+2.6% from 2015

Annual return

8.21%

+8.16 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.24M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

295

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$953K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL LLC Service code 27 P.O. BOX 509026 · SAN DIEGO, CA 921509026	Advisory (Plan)	$38,942
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,138
T. E. LOTT AND COMPANY1 year Filed as: T. E. LOTT & COMPANY, P.A. Service code 13	Contract Administrator	$5,000
T. E. LOTT AND COMPANY2+ years Filed as: T.E. LOTT & COMPANY, P.A. Service code 13 221 7TH STREET NORTH · COLUMBUS, MS 39703	Contract Administrator	$3,725

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$11 / participant

Contract admin$4K100.0%

% of EOY assets

0.026%

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: HORNE LLP
Auditor EIN: 201941244
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,684

$63,905-41.0%

$74,184-49.2%

$57,658-34.6%

Participation rate

87.4%

79.8%+7.7pp

76.6%+10.8pp

70.2%+17.2pp

Annual return

8.21%

60.60%-52.4pp

17.74%-9.5pp

5.13%+3.1pp

Employer contribution / active EE

$1,368

$1,840-25.7%

$2,370-42.3%

$1,974-30.7%

Participant deferral / active EE

$2,971

$3,448-13.8%

$3,550-16.3%

$3,061-2.9%

Admin fee / account holder

$10

$91-89.4%

$5,586-99.8%

$95-89.8%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL LLC

Service code 27

P.O. BOX 509026 · SAN DIEGO, CA 921509026

Advisory (Plan)

$38,942

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,138

T. E. LOTT AND COMPANY1 year

Filed as: T. E. LOTT & COMPANY, P.A.

Service code 13

Contract Administrator

$5,000

T. E. LOTT AND COMPANY2+ years

Filed as: T.E. LOTT & COMPANY, P.A.

Service code 13

221 7TH STREET NORTH · COLUMBUS, MS 39703

Contract Administrator

$3,725

JACKSON IRON & METAL COMPANY, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON IRON & METAL COMPANY, INC. PROFIT SHARING 401(K) 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