Retirement plan

PROCESS EQUIPMENT & SERVICE CO.,INC. 401K PLAN

Name: PROCESS EQUIPMENT & SERVICE CO., INC - PROCESS EQUIPMENT & SERVICE CO.,INC. 401K PLAN (2017) Form 5500
Creator: PROCESS EQUIPMENT & SERVICE CO., INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROCESS EQUIPMENT & SERVICE CO.,INC. 401K PLAN, PROCESS EQUIPMENT & SERVICE CO., INC

PROCESS EQUIPMENT & SERVICE CO., INCEIN 85-0237928Plan #001PY 2017

PO BOX 929, 5680 US HIGHWAY 64 - FARMINGTON, NM 874990929505-327-2222LinkedIn51-200 employeesoil & energy

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$6.9M

+17.5% from 2016

Total participants

279

+9.4% from 2016

Average account balance

$24,984

+7.2% from 2016

Annual return

11.60%

+12.78 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.41M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

374

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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 2 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC2+ years Filed as: PROFESSIONAL CAPITAL SERVICES,LLC Service code 12 · EIN 23-3038464	Consulting (general); Participant loa...	$27,365
CLIFTONLARSONALLEN LLP2+ years Filed as: CLIFTONLARSONALLEN WEALTH ADVISORS Service code 27 · EIN 41-1803291	Advisory (Plan)	$17,111

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$61K

$286 / participant

Investment mgmt$28K45.2%
Contract admin$29K47.9%
Other / not subdivided$4K6.9%

% of EOY assets

0.891%

all-in expense ratio

Categories reported

2 / 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: SOLGA & JAKINO PA
Auditor EIN: 850305602
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,984

$64,909-61.5%

$82,313-69.6%

$62,293-59.9%

Participation rate

98.6%

74.9%+23.7pp

76.9%+21.7pp

69.5%+29.1pp

Annual return

11.60%

21.18%-9.6pp

25.88%-14.3pp

28.90%-17.3pp

Employer contribution / active EE

$1,687

$1,676+0.6%

$2,428-30.5%

$2,042-17.4%

Participant deferral / active EE

$1,763

$3,103-43.2%

$3,706-52.4%

$3,169-44.4%

Admin fee / account holder

$223

$440-49.3%

$5,608-96.0%

$479-53.5%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC2+ years

Filed as: PROFESSIONAL CAPITAL SERVICES,LLC

Service code 12 · EIN 23-3038464

Consulting (general); Participant loa...

$27,365

CLIFTONLARSONALLEN LLP2+ years

Filed as: CLIFTONLARSONALLEN WEALTH ADVISORS

Service code 27 · EIN 41-1803291

Advisory (Plan)

$17,111

PROCESS EQUIPMENT & SERVICE CO.,INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROCESS EQUIPMENT & SERVICE CO.,INC. 401K 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