Retirement plan

GROVER GUNDRILLING, LLC 401(K) PLAN

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

GROVER GUNDRILLING, LLCEIN 80-0800225Plan #001PY 2016

59 INDUSTRIAL DRIVE - OXFORD, ME 04270207-743-7051

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4M

-10.8% from 2015

Total participants

120

-42.0% from 2015

Average account balance

$40,590

+68.5% from 2015

Annual return

7.85%

+7.80 pp from 2015

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

$4.47M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

131.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$264K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11362

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

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 15 · EIN 13-3689044	Recordkeeping	$18,844
LPL FINANCIAL1 year Filed as: LPL FINANCIAL RPCP COMPENSATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$7,971
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL CORPORATION Service code 22 · EIN 95-2834236	Insurance Broker	$3,454

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$39K

$497 / participant

Contract admin$39K100.0%

% of EOY assets

0.978%

all-in expense ratio

Categories reported

1 / 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: BERRY DUNN MCNEIL & PARKER LLC
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,590

$60,349-32.7%

$74,184-45.3%

$62,881-35.4%

Participation rate

73.4%

72.7%+0.7pp

76.6%-3.2pp

69.3%+4.1pp

Annual return

7.85%

21.38%-13.5pp

17.74%-9.9pp

20.14%-12.3pp

Employer contribution / active EE

$1,226

$1,680-27.0%

$2,370-48.3%

$2,281-46.2%

Participant deferral / active EE

$1,947

$2,856-31.8%

$3,550-45.2%

$3,203-39.2%

Admin fee / account holder

$397

$4,261-90.7%

$5,586-92.9%

$4,296-90.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$18,844

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL RPCP COMPENSATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

$7,971

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 22 · EIN 95-2834236

Insurance Broker

$3,454

GROVER GUNDRILLING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROVER GUNDRILLING, LLC 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