Retirement plan

SHIMTECH INDUSTRIES US, INC. 401(K) PLAN

Name: SHIMTECH INDUSTRIES US, INC. - SHIMTECH INDUSTRIES US, INC. 401(K) PLAN (2018) Form 5500
Creator: SHIMTECH INDUSTRIES US, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIMTECH INDUSTRIES US, INC. 401(K) PLAN, SHIMTECH INDUSTRIES US, INC.

SHIMTECH INDUSTRIES US, INC.EIN 80-0795414Plan #001PY 2018

29101 THE OLD ROAD - SANTA CLARITA, CA 91355661-295-8620avantusaerospace.comLinkedIn501-1000 employeesaviation & aerospace

Prospect flagsLow participationLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$9.3M

+112.3% from 2017

Total participants

472

+230.1% from 2017

Average account balance

$29,395

-27.4% from 2017

Annual return

103.43%

+92.26 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.08M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

291

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.

45.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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)

$324

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,722
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISOR LLC Service code 27 401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTEE, NC 28081	Advisory (Plan)	$14,575
ACTUARIAL BENEFITS CORP2+ years Service code 13 · EIN 20-1054428 2790 SKYPARK DRIVE · TORRANCE, CA 90505	Contract Administrator	$7,918
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISOR SERVICES Service code 28 · EIN 36-3429599 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,474
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERV, LLC Service code 27 · EIN 34-1542819 1 N JEFFERSON AVE · ST. LOUIS, MO 631032205	Advisory (Plan)	$2,498
NATIONWIDE1 year Service code 64 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$1,183

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$19K

$52 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.209%

all-in expense ratio

Categories reported

0 / 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: HOLTHOUSE CARLIN & VAN TRIGHT LLP
Auditor EIN: 944345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,395

$65,118-54.9%

$76,766-61.7%

$55,725-47.2%

Participation rate

58.5%

79.6%-21.1pp

77.0%-18.5pp

70.9%-12.3pp

Annual return

103.43%

-1.27%+104.7pp

2.43%+101.0pp

244.93%-141.5pp

Employer contribution / active EE

$348

$1,941-82.1%

$2,485-86.0%

$2,078-83.2%

Participant deferral / active EE

$1,051

$3,688-71.5%

$3,851-72.7%

$3,356-68.7%

Admin fee / account holder

$61

$116-47.0%

$6,675-99.1%

$115-46.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,722

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISOR LLC

Service code 27

401 S TRYON ST 11TH FLOOR D1050-111 · CHARLOTEE, NC 28081

Advisory (Plan)

$14,575

ACTUARIAL BENEFITS CORP2+ years

Service code 13 · EIN 20-1054428

2790 SKYPARK DRIVE · TORRANCE, CA 90505

Contract Administrator

$7,918

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISOR SERVICES

Service code 28 · EIN 36-3429599

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,474

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERV, LLC

Service code 27 · EIN 34-1542819

1 N JEFFERSON AVE · ST. LOUIS, MO 631032205

Advisory (Plan)

$2,498

NATIONWIDE1 year

Service code 64 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$1,183

SHIMTECH INDUSTRIES US, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIMTECH INDUSTRIES US, 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