Retirement plan

POWER SPECIALTIES, INC. RETIREMENT PLAN

Name: POWER SPECIALTIES, INC. - POWER SPECIALTIES, INC. RETIREMENT PLAN (2016) Form 5500
Creator: POWER SPECIALTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER SPECIALTIES, INC. RETIREMENT PLAN, POWER SPECIALTIES, INC.

POWER SPECIALTIES, INC.EIN 72-1101771Plan #001PY 2016

325 CHENNAULT ST - MORGAN CITY, LA 703802412504-384-8580

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-10.9% from 2015

Total participants

-3.2% from 2015

Average account balance

$57,480

-7.7% from 2015

Annual return

5.10%

+7.60 pp from 2015

Benchmarks

See 891 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort891 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1009

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$371K

$13753 / participant

Other / not subdivided$371K100.0%

% of EOY assets

23.072%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,480

$73,981-22.3%

$105,754-45.6%

$62,881-8.6%

Participation rate

92.6%

71.7%+20.9pp

78.9%+13.7pp

69.3%+23.3pp

Annual return

5.10%

17.60%-12.5pp

12.25%-7.2pp

20.14%-15.0pp

Employer contribution / active EE

$1,195

$2,856-58.2%

$4,079-70.7%

$2,281-47.6%

Participant deferral / active EE

$1,851

$4,038-54.2%

$5,326-65.2%

$3,203-42.2%

Admin fee / account holder

$13,262

$5,976+121.9%

$8,309+59.6%

$4,296+208.7%

POWER SPECIALTIES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER SPECIALTIES, INC. RETIREMENT 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