Retirement plan

SKINNER CORPORATION AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN

Name: SKINNER CORPORATION - SKINNER CORPORATION AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN (2015) Form 5500
Creator: SKINNER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SKINNER CORPORATION AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN, SKINNER CORPORATION

SKINNER CORPORATIONEIN 91-0412850Plan #002PY 2015

4100 CARILLON POINT - KIRKLAND, WA 98033425-822-1700LinkedIn1-10 employeeshospital & health care

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.1M

No prior year

Total participants

142

No prior year

Average account balance

$59,769

No prior year

Annual return

-1.82%

No prior year

Benchmarks

See 224 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort224 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.93M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20403

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$1,336
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO., INC Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.1+ years Service code 18 · EIN 94-1737782	Shareholder servicing fees; Custodial...	$0
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK/TRUST CO. Service code 18 · EIN 42-1558009	Custodial (securities); Custodial (ot...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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: VWC, P.S.
Auditor EIN: 911007261
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,769

$62,561-4.5%

$105,218-43.2%

$52,331+14.2%

Participation rate

50.9%

70.4%-19.5pp

77.2%-26.4pp

68.1%-17.2pp

Annual return

-1.82%

8.71%-10.5pp

5.33%-7.2pp

4.54%-6.4pp

Employer contribution / active EE

$891

$2,137-58.3%

$3,255-72.6%

$1,882-52.7%

Participant deferral / active EE

$2,170

$3,355-35.3%

$4,867-55.4%

$3,022-28.2%

Admin fee / account holder

$198-100.0%

$6,992-100.0%

$592-100.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

$1,336

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.1+ years

Service code 18 · EIN 94-1737782

Shareholder servicing fees; Custodial...

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK/TRUST CO.

Service code 18 · EIN 42-1558009

Custodial (securities); Custodial (ot...

SKINNER CORPORATION AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SKINNER CORPORATION AND AFFILIATED COMPANIES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion