Retirement plan

POWER SPECIALTIES, INC. RETIREMENT PLAN

Name: POWER SPECIALTIES, INC. - POWER SPECIALTIES, INC. RETIREMENT PLAN (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+17.7% from 2016

Total participants

-6.7% from 2016

Average account balance

$72,862

+26.8% from 2016

Annual return

12.90%

+7.80 pp from 2016

Benchmarks

See 2,024 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort2,024 peers

Snapshot2017

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

$12K

$553 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.642%

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

$72,862

$152,460-52.2%

$118,746-38.6%

$147,586-50.6%

Participation rate

90.9%

82.3%+8.6pp

78.3%+12.6pp

82.8%+8.1pp

Annual return

12.90%

17.41%-4.5pp

24.54%-11.6pp

578.59%-565.7pp

Employer contribution / active EE

$1,679

$5,046-66.7%

$4,193-60.0%

$4,876-65.6%

Participant deferral / active EE

$1,959

$6,212-68.5%

$5,332-63.3%

$5,439-64.0%

Admin fee / account holder

$468

$16,953-97.2%

$10,720-95.6%

$10,886-95.7%

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