Retirement plan

CLIMAX PORTABLE MACHINE TOOLS, INC. EMPLOYEE SAVINGS PLAN AND TRUST

Name: CLIMAX PORTABLE MACHINE TOOLS, INC. - CLIMAX PORTABLE MACHINE TOOLS, INC. EMPLOYEE SAVINGS PLAN AND TRUST (2016) Form 5500
Creator: CLIMAX PORTABLE MACHINE TOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIMAX PORTABLE MACHINE TOOLS, INC. EMPLOYEE SAVINGS PLAN AND TRUST, CLIMAX PORTABLE MACHINE TOOLS, INC.

CLIMAX PORTABLE MACHINE TOOLS, INC.EIN 93-0553883Plan #002PY 2016

2712 E. SECOND STREET - NEWBERG, OR 97132503-537-5213climaxportable.comLinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.6M

-3.0% from 2015

Total participants

179

-2.2% from 2015

Average account balance

$60,296

-7.3% from 2015

Annual return

9.19%

+6.01 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-88.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,671
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 4015 TRYON ST · CHARLOTTE, NC 28081	Advisory (Plan)	$24,759
GEFFEN MESHER2+ years Filed as: GEFFEN MESHER AND CO., P.C. Service code 10 · EIN 93-1042710 888 SW 5TH AVENUE, STE 800 · PORTLAND, OR 97204	Accounting	$11,950
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,444
PENSION PLAN SPECIALISTS, PC2+ years Service code 13 · EIN 26-1570786 805 BROADWAY, STE 600 · VANCOUVER, WA 98660	Contract Administrator	$5,400

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$69K

$564 / participant

Investment mgmt$8K12.3%
Contract admin$40K58.5%
Other / not subdivided$20K29.2%

% of EOY assets

0.713%

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: GEFFEN MESHER & COMPANY, PC
Auditor EIN: 931042710
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,296

$60,165+0.2%

$74,183-18.7%

$55,167+9.3%

Participation rate

84.4%

74.2%+10.3pp

76.6%+7.8pp

69.0%+15.4pp

Annual return

9.19%

10.00%-0.8pp

17.74%-8.5pp

169.23%-160.0pp

Employer contribution / active EE

$1,542

$1,600-3.6%

$2,370-34.9%

$1,963-21.4%

Participant deferral / active EE

$4,488

$2,973+51.0%

$3,550+26.4%

$3,054+46.9%

Admin fee / account holder

$430

$419+2.6%

$5,586-92.3%

$504-14.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,671

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

4015 TRYON ST · CHARLOTTE, NC 28081

Advisory (Plan)

$24,759

GEFFEN MESHER2+ years

Filed as: GEFFEN MESHER AND CO., P.C.

Service code 10 · EIN 93-1042710

888 SW 5TH AVENUE, STE 800 · PORTLAND, OR 97204

Accounting

$11,950

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,444

PENSION PLAN SPECIALISTS, PC2+ years

Service code 13 · EIN 26-1570786

805 BROADWAY, STE 600 · VANCOUVER, WA 98660

Contract Administrator

$5,400

CLIMAX PORTABLE MACHINE TOOLS, INC. EMPLOYEE SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIMAX PORTABLE MACHINE TOOLS, INC. EMPLOYEE SAVINGS PLAN AND TRUST

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