Retirement plan

SHERMCO INDUSTRIES, INC. 401(K) PLAN

Name: SHERMCO INDUSTRIES, INC. - SHERMCO INDUSTRIES, INC. 401(K) PLAN (2016) Form 5500
Creator: SHERMCO INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHERMCO INDUSTRIES, INC. 401(K) PLAN, SHERMCO INDUSTRIES, INC.

SHERMCO INDUSTRIES, INC.EIN 75-1441394Plan #001PY 2016

2425 E PIONEER DRIVE - IRVING, TX 75061972-793-5523shermco.comLinkedIn1001-5000 employeeselectrical/electronic manufacturing

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.1M

+17.9% from 2015

Total participants

763

+15.1% from 2015

Average account balance

$67,465

+17.3% from 2015

Annual return

9.09%

+5.56 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$77.24M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

860

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.

63.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$155,114
LOCKTON INVESTMENT ADVISORS, LLC2+ years Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 55 444 W 47TH ST STE 900 · KANSAS CITY, MO 64112	Other Commissions	$61,248
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$21,075
AMERICA'S 401K, INC.2+ years Service code 99 8131 LBJ FREEWAY STE 770 · DALLAS, TX 75251	Other Fees	$4,950
CROWE LLP1 year Filed as: CROWE HORWATH LLP Service code 10 320 E JEFFERSON BLVD · SOUTH BEND, IN 466240007	Accounting	$2,000

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$173K

$246 / participant

Contract admin$173K100.0%

% of EOY assets

0.596%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE HORWATH
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,465

$39,859+69.3%

$78,689-14.3%

$57,658+17.0%

Participation rate

53.0%

66.1%-13.1pp

73.6%-20.6pp

70.2%-17.3pp

Annual return

9.09%

18.96%-9.9pp

62.18%-53.1pp

5.13%+4.0pp

Employer contribution / active EE

$1,688

$1,786-5.5%

$2,851-40.8%

$1,974-14.5%

Participant deferral / active EE

$3,957

$2,248+76.0%

$3,517+12.5%

$3,061+29.3%

Admin fee / account holder

$402

$76+427.9%

$4,510-91.1%

$95+325.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$155,114

LOCKTON INVESTMENT ADVISORS, LLC2+ years

Filed as: LOCKTON FINANCIAL ADVISORS LLC

Service code 55

444 W 47TH ST STE 900 · KANSAS CITY, MO 64112

Other Commissions

$61,248

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$21,075

AMERICA'S 401K, INC.2+ years

Service code 99

8131 LBJ FREEWAY STE 770 · DALLAS, TX 75251

Other Fees

$4,950

CROWE LLP1 year

Filed as: CROWE HORWATH LLP

Service code 10

320 E JEFFERSON BLVD · SOUTH BEND, IN 466240007

Accounting

$2,000

SHERMCO INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHERMCO INDUSTRIES, INC. 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