Retirement plan

PREMIER COATING 401(K) PROFIT SHARING PLAN

Name: PREMIER COATING INC DBA PREMIER FINISHING - PREMIER COATING 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PREMIER COATING INC DBA PREMIER FINISHING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER COATING 401(K) PROFIT SHARING PLAN, PREMIER COATING INC DBA PREMIER FINISHING

PREMIER COATING INC DBA PREMIER FINISHINGEIN 91-1869047Plan #001PY 2024

7910 SOUTH LONGE STREET - STOCKTON, CA 952060000209-982-5585

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.6M

+17.9% from 2023

Total participants

183

+2.8% from 2023

Average account balance

$25,372

+14.6% from 2023

Annual return

6.86%

-1.97 pp from 2023

Benchmarks

See 10,657 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,657 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

182

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

$566K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+6.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY Service code 51 3421 BROOKSIDE ROAD SUITE A · STOCKTON, CA 95219	Investment Mgmt Fees	$25,278
ASSOCIATED PENSION CONSULTANTS2 years Service code 12 2035 FOREST AVE · CHICO, CA 95928	Claims processing; Recordkeeping and ...	$13,473

Plan features & details

Pension benefit codes2A2E2J2K3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$39K

$461 / participant

Recordkeeping$13K34.8%
Investment mgmt$25K65.2%

% of EOY assets

0.839%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,372

$58,275-56.5%

$81,844-69.0%

$80,935-68.7%

Participation rate

98.8%

63.5%+35.3pp

72.4%+26.4pp

67.7%+31.1pp

Annual return

6.86%

41.82%-35.0pp

778.87%-772.0pp

35.66%-28.8pp

Employer contribution / active EE

$4,343

$2,346+85.1%

$2,916+48.9%

$2,757+57.5%

Participant deferral / active EE

$2,391

$3,285-27.2%

$4,323-44.7%

$4,299-44.4%

Admin fee / account holder

$213

$4,749-95.5%

$7,355-97.1%

$6,924-96.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY

Service code 51

3421 BROOKSIDE ROAD SUITE A · STOCKTON, CA 95219

Investment Mgmt Fees

$25,278

ASSOCIATED PENSION CONSULTANTS2 years

Service code 12

2035 FOREST AVE · CHICO, CA 95928

Claims processing; Recordkeeping and ...

$13,473

PREMIER COATING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER COATING 401(K) 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