Retirement plan

INDUSTRIAL FINISHES & SYSTEMS, INC. PROFIT SHARING 401(K) PLAN

Name: INDUSTRIAL FINISHES & SYSTEMS, INC. - INDUSTRIAL FINISHES & SYSTEMS, INC. PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: INDUSTRIAL FINISHES & SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDUSTRIAL FINISHES & SYSTEMS, INC. PROFIT SHARING 401(K) PLAN, INDUSTRIAL FINISHES & SYSTEMS, INC.

INDUSTRIAL FINISHES & SYSTEMS, INC.EIN 93-0520246Plan #001PY 2016

PO BOX 21510 - EUGENE, OR 97402541-485-1503industrialfinishes.comLinkedIn201-500 employeeswholesale

Other plans on this EIN

1 filing

#002Retirement-$1.6M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$15.3M

No prior year

Total participants

261

No prior year

Average account balance

$58,696

No prior year

Annual return

2.68%

No prior year

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.88M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

383

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$855

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH PIERCE Service code 27 · EIN 13-5674085	Advisory (Plan)	$59,189
PENSION ASSURANCE LLP1+ years Filed as: PENSION PLANNERS NORTHWEST Service code 13 · EIN 93-1160402	Contract Administrator	$29,931
MOSS ADAMS LLP1+ years Service code 10 · EIN 91-0189318	Accounting	$15,600

Plan features & details

Pension benefit codes2E2J2K2S3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$115K

$520 / participant

Investment mgmt$60K51.9%
Other / not subdivided$55K48.1%

% of EOY assets

0.750%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,696

$60,165-2.4%

$74,184-20.9%

$55,167+6.4%

Participation rate

100.0%

74.2%+25.8pp

76.6%+23.4pp

69.0%+31.0pp

Annual return

2.68%

10.00%-7.3pp

17.74%-15.1pp

169.23%-166.6pp

Employer contribution / active EE

$3,078

$1,600+92.4%

$2,370+29.9%

$1,963+56.8%

Participant deferral / active EE

$2,789

$2,973-6.2%

$3,550-21.4%

$3,054-8.7%

Admin fee / account holder

$440

$419+5.0%

$5,586-92.1%

$504-12.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH PIERCE

Service code 27 · EIN 13-5674085

Advisory (Plan)

$59,189

PENSION ASSURANCE LLP1+ years

Filed as: PENSION PLANNERS NORTHWEST

Service code 13 · EIN 93-1160402

Contract Administrator

$29,931

MOSS ADAMS LLP1+ years

Service code 10 · EIN 91-0189318

Accounting

$15,600

INDUSTRIAL FINISHES & SYSTEMS, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDUSTRIAL FINISHES & SYSTEMS, INC. PROFIT SHARING 401(K) 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