Retirement plan

NORDIC INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

Name: NORDIC INDUSTRIES, INC. - NORDIC INDUSTRIES, INC. RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: NORDIC INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORDIC INDUSTRIES, INC. RETIREMENT SAVINGS PLAN, NORDIC INDUSTRIES, INC.

NORDIC INDUSTRIES, INC.EIN 88-0165744Plan #001PY 2017

1437 FURNEAUX ROAD - OLIVEHURST, CA 95961530-742-7124nordicind.comLinkedIn51-200 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.3M

+19.4% from 2016

Total participants

135

+14.4% from 2016

Average account balance

$108,346

+0.4% from 2016

Annual return

14.92%

+8.74 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.22M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

117.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$750K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28084

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 8 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FIN SVCS ADV, INC Service code 27 · EIN 59-2937883	Advisory (Plan)	$22,411
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$20,257
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 33 · EIN 04-1590850	Sub-transfer agency fees; Soft dollar...	$3,010
BIDWELL CONSULTING SERVICES, INC.3+ years Service code 13 · EIN 20-3039384	Contract Administrator	$1,950
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 13	Contract Administrator	$79
CHARLES SCHWAB & CO., INC.2+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$10
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB INV. MANAGEMENT Service code 59 · EIN 94-3106735	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$3K

$59 / participant

Contract admin$3K100.0%

% of EOY assets

0.020%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,346

$63,346+71.0%

$92,240+17.5%

$70,126+54.5%

Participation rate

93.8%

68.7%+25.1pp

76.5%+17.3pp

69.5%+24.2pp

Annual return

14.92%

530.19%-515.3pp

176.29%-161.4pp

73.15%-58.2pp

Employer contribution / active EE

$29,712

$2,471+1102.3%

$3,680+707.5%

$2,343+1168.4%

Participant deferral / active EE

$3,268

$2,854+14.5%

$3,897-16.1%

$3,332-1.9%

Admin fee / account holder

$21

$3,841-99.4%

$5,194-99.6%

$4,645-99.5%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FIN SVCS ADV, INC

Service code 27 · EIN 59-2937883

Advisory (Plan)

$22,411

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$20,257

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 33 · EIN 04-1590850

Sub-transfer agency fees; Soft dollar...

$3,010

BIDWELL CONSULTING SERVICES, INC.3+ years

Service code 13 · EIN 20-3039384

Contract Administrator

$1,950

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 13

Contract Administrator

$79

CHARLES SCHWAB & CO., INC.2+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$10

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB INV. MANAGEMENT

Service code 59 · EIN 94-3106735

Shareholder Servicing

NORDIC INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORDIC INDUSTRIES, INC. RETIREMENT SAVINGS 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