Retirement plan

CHEMICAL SERVICES GROUP, INC. 401(K) PLAN AND TRUST

Name: CHEMICAL SERVICES GROUP, INC. - CHEMICAL SERVICES GROUP, INC. 401(K) PLAN AND TRUST (2016) Form 5500
Creator: CHEMICAL SERVICES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHEMICAL SERVICES GROUP, INC. 401(K) PLAN AND TRUST, CHEMICAL SERVICES GROUP, INC.

CHEMICAL SERVICES GROUP, INC.EIN 81-3219388Plan #001PY 2016

1755 ENTERPRISE PARKWAY, SUITE 600 - TWINSBURG, OH 44087330-467-1300LinkedIn51-200 employeeschemicals

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.8M

No prior year

Total participants

184

No prior year

Average account balance

$64,978

No prior year

Annual return

7.74%

No prior year

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.46M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

176

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.

43.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$544K

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$400

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 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC1+ years Service code 55 12636 HIGH BLUFF DR · SAN DIEGO, CA 92130	Other Commissions	$33,546
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$28,338
OMEGA PENSIONS INC1+ years Service code 13 812 HURON ROAD · CLEVELAND, OH 44115	Contract Administrator	$6,939
THORNHILL FINANCIAL, INC.1+ years Filed as: THORNHILL FINANCIAL INC Service code 10 18400 PEARL STREET · STRONGSVILLE, OH 44136	Accounting	$6,250

Plan features & details

Pension benefit codes2F2G2J2K2E3D

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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$413 / participant

Contract admin$68K100.0%

% of EOY assets

0.869%

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: COHEN & COMPANY LTD
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,978

$56,640+14.7%

$78,002-16.7%

$55,167+17.8%

Participation rate

61.0%

73.3%-12.3pp

75.5%-14.5pp

69.0%-8.0pp

Annual return

7.74%

2868.48%-2860.7pp

425.99%-418.2pp

169.23%-161.5pp

Employer contribution / active EE

$584

$1,724-66.1%

$2,470-76.3%

$1,963-70.2%

Participant deferral / active EE

$3,085

$2,778+11.1%

$3,497-11.8%

$3,054+1.0%

Admin fee / account holder

$565

$467+21.0%

$5,481-89.7%

$504+12.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC1+ years

Service code 55

12636 HIGH BLUFF DR · SAN DIEGO, CA 92130

Other Commissions

$33,546

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$28,338

OMEGA PENSIONS INC1+ years

Service code 13

812 HURON ROAD · CLEVELAND, OH 44115

Contract Administrator

$6,939

THORNHILL FINANCIAL, INC.1+ years

Filed as: THORNHILL FINANCIAL INC

Service code 10

18400 PEARL STREET · STRONGSVILLE, OH 44136

Accounting

$6,250

CHEMICAL SERVICES GROUP, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHEMICAL SERVICES GROUP, INC. 401(K) PLAN AND TRUST

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