Retirement plan

ABRAMS AIRBORNE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

Name: ABRAMS AIRBORNE MANUFACTURING, INC. - ABRAMS AIRBORNE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT (2018) Form 5500
Creator: ABRAMS AIRBORNE MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABRAMS AIRBORNE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT, ABRAMS AIRBORNE MANUFACTURING, INC.

ABRAMS AIRBORNE MANUFACTURING, INC.EIN 86-0195762Plan #001PY 2018

3735 NORTH ROMERO ROAD - TUCSON, AZ 857053031520-887-1727abrams.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.3M

-11.7% from 2017

Total participants

124

-0.8% from 2017

Average account balance

$65,200

-8.0% from 2017

Annual return

-5.78%

-18.80 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

114

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.

65.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$370K

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

+11.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 2 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT2 years Filed as: RBC CAPITAL MARKETS CORP Service code 26 · EIN 41-1416330 60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402	Advisory (Participants)	$26,259
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346	Recordkeeping	$716

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$30K

$267 / participant

Investment mgmt$26K86.9%
Contract admin$7162.4%
Other / not subdivided$3K10.8%

% of EOY assets

0.478%

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: ADDINGTON & ASSOCIATES
Auditor EIN: 861010758
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,200

$59,186+10.2%

$76,768-15.1%

$56,287+15.8%

Participation rate

76.1%

75.2%+0.9pp

77.0%-0.9pp

69.9%+6.3pp

Annual return

-5.78%

6.62%-12.4pp

2.43%-8.2pp

-9.96%+4.2pp

Employer contribution / active EE

$570

$1,759-67.6%

$2,485-77.1%

$2,111-73.0%

Participant deferral / active EE

$1,508

$3,255-53.7%

$3,852-60.9%

$3,350-55.0%

Admin fee / account holder

$312

$489-36.3%

$6,675-95.3%

$521-40.2%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT2 years

Filed as: RBC CAPITAL MARKETS CORP

Service code 26 · EIN 41-1416330

60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402

Advisory (Participants)

$26,259

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO USA

Service code 15 · EIN 01-0233346

Recordkeeping

$716

ABRAMS AIRBORNE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABRAMS AIRBORNE MANUFACTURING, INC. 401(K) PROFIT SHARING PLAN AND TRUST AGREEMENT

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