Retirement plan

SCOTT MANUFACTURING, INC. PROFIT SHARING PLAN

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

SCOTT MANUFACTURING, INC.EIN 75-1232919Plan #001PY 2016

POST OFFICE BOX 10232 - LUBBOCK, TX 794083232806-747-3395scottmanufacturing.comLinkedIn51-200 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.9M

No prior year

Total participants

No prior year

Average account balance

$44,338

No prior year

Annual return

-2.56%

No prior year

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.02M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

143.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$252K

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

+8.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1563

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ROBINSON BURDETTE MARTIN & SERIGHT1+ years Filed as: ROBINSON BURDETTE MARTIN SERIGHT Service code 10 · EIN 75-2489868 9816 SLIDE ROAD · LUBBOCK, TX 79424	Accounting	$9,500
MASON WARNER & COMPANY, P.C.1+ years Service code 14 · EIN 75-2256980 5202 INDIANA AVE · LUBBOCK, TX 79413	Plan Administrator	$7,575

Plan features & details

Pension benefit codes2E2J2K3H

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$615 / participant

Investment mgmt$12K38.5%
Contract admin$8K25.1%
Other / not subdivided$11K36.4%

% of EOY assets

0.772%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROBISON, BURDETTE, MARTIN, SERIGHT
Auditor EIN: 752489868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,338

$60,349-26.5%

$74,184-40.2%

$62,881-29.5%

Participation rate

100.0%

72.7%+27.3pp

76.6%+23.4pp

69.3%+30.7pp

Annual return

-2.56%

21.38%-23.9pp

17.74%-20.3pp

20.14%-22.7pp

Employer contribution / active EE

$2,027

$1,680+20.6%

$2,370-14.5%

$2,281-11.1%

Participant deferral / active EE

$2,492

$2,856-12.7%

$3,550-29.8%

$3,203-22.2%

Admin fee / account holder

$342

$4,261-92.0%

$5,586-93.9%

$4,296-92.0%

Provider

Service type

Compensation

ROBINSON BURDETTE MARTIN & SERIGHT1+ years

Filed as: ROBINSON BURDETTE MARTIN SERIGHT

Service code 10 · EIN 75-2489868

9816 SLIDE ROAD · LUBBOCK, TX 79424

Accounting

$9,500

MASON WARNER & COMPANY, P.C.1+ years

Service code 14 · EIN 75-2256980

5202 INDIANA AVE · LUBBOCK, TX 79413

Plan Administrator

$7,575

SCOTT MANUFACTURING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCOTT MANUFACTURING, 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