Retirement plan

NORCO, INC. 401K SAVINGS AND PROFIT SHARING PLAN

Name: NORCO, INC. - NORCO, INC. 401K SAVINGS AND PROFIT SHARING PLAN (2020) Form 5500
Creator: NORCO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORCO, INC. 401K SAVINGS AND PROFIT SHARING PLAN, NORCO, INC.

NORCO, INC.EIN 82-0277763Plan #001PY 2020

1121 W. AMITY ROAD - BOISE, ID 837055412208-336-1643norco-inc.comLinkedIn1001-5000 employeesretail

Other plans on this EIN

1 filing

#002Retirement-$205.9M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$106.1M

+17.2% from 2019

Total participants

1,428

+3.5% from 2019

Average account balance

$102,881

+18.1% from 2019

Annual return

16.59%

-4.65 pp from 2019

Benchmarks

See 86 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort86 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$100.19M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

1,606

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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
VOYA RETIREMENT INSURANCE & ANNUITY6+ years Filed as: VOYA RETIREMENT INS. AND ANNUITY CO Service code 26 · EIN 71-0294708 PO BOX 990067 · HARTFORD, CT 061990067	Advisory (Participants)	$258,297
MORNINGSTAR3 years Filed as: MORNINGSTAR INVEST. MGMT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$21,970
MORNINGSTAR6+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$16,524
PINNACLE PENSION SERVICES6+ years Filed as: PINNACLE PENSION SERVICES, INC. Service code 13 · EIN 82-0433443 3101 W MAIN STREET, STE 100 · BOISE, ID 83702	Contract Administrator	$14,847
EIDE BAILLY LLP6+ years Filed as: EIDE BAILLY, LLP Service code 10 · EIN 45-0250958 877 W MAIN STREET, STE 800 · BOISE, ID 83702	Accounting	$8,200

Plan features & details

Pension benefit codes2E2G2J2K2A2F2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$303K

$241 / participant

Investment mgmt$22K7.2%
Contract admin$273K90.1%
Other / not subdivided$8K2.7%

% of EOY assets

0.286%

all-in expense ratio

Categories reported

2 / 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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,881

$48,406+112.5%

$104,607-1.7%

$90,288+13.9%

Participation rate

68.4%

64.3%+4.1pp

74.1%-5.7pp

73.4%-4.9pp

Annual return

16.59%

18.72%-2.1pp

340.46%-323.9pp

53.97%-37.4pp

Employer contribution / active EE

$1,472

$1,115+32.1%

$2,681-45.1%

$2,524-41.7%

Participant deferral / active EE

$2,438

$2,436+0.1%

$3,740-34.8%

$4,232-42.4%

Admin fee / account holder

$294

$76+287.9%

$6,473-95.5%

$114+158.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6+ years

Filed as: VOYA RETIREMENT INS. AND ANNUITY CO

Service code 26 · EIN 71-0294708

PO BOX 990067 · HARTFORD, CT 061990067

Advisory (Participants)

$258,297

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVEST. MGMT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

$21,970

MORNINGSTAR6+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$16,524

PINNACLE PENSION SERVICES6+ years

Filed as: PINNACLE PENSION SERVICES, INC.

Service code 13 · EIN 82-0433443

3101 W MAIN STREET, STE 100 · BOISE, ID 83702

Contract Administrator

$14,847

EIDE BAILLY LLP6+ years

Filed as: EIDE BAILLY, LLP

Service code 10 · EIN 45-0250958

877 W MAIN STREET, STE 800 · BOISE, ID 83702

Accounting

$8,200

NORCO, INC. 401K SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORCO, INC. 401K SAVINGS AND 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