Retirement plan

GEM EQUIPMENT OF OREGON, INC EMPLOYEES' 401(K) SALARY REDUCTION PLAN

Name: GEM EQUIPMENT OF OREGON, INC - GEM EQUIPMENT OF OREGON, INC EMPLOYEES' 401(K) SALARY REDUCTION PLAN (2015) Form 5500
Creator: GEM EQUIPMENT OF OREGON, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEM EQUIPMENT OF OREGON, INC EMPLOYEES' 401(K) SALARY REDUCTION PLAN, GEM EQUIPMENT OF OREGON, INC

GEM EQUIPMENT OF OREGON, INCEIN 93-0572107Plan #001PY 2015

P.O. BOX 359 - WOODBURN, OR 97071503-982-9902LinkedIn1-10 employeesmechanical or industrial engineering

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

No prior year

Total participants

115

No prior year

Average account balance

$36,126

No prior year

Annual return

-0.61%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.94M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

169

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$878K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$540

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
AKT LLP1+ years Filed as: AKT Service code 10 · EIN 93-0623286	Accounting	$13,500
PENSION ASSURANCE LLP1+ years Filed as: PENSION PLANNERS NORTHWEST Service code 49 · EIN 93-1160402	Other Services	$9,811
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$1,955

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$25K

$250 / participant

Contract admin$2K7.7%
Other / not subdivided$23K92.3%

% of EOY assets

0.660%

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: AKT LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,126

$54,320-33.5%

$67,653-46.6%

$52,331-31.0%

Participation rate

91.1%

73.6%+17.5pp

75.7%+15.4pp

68.1%+23.0pp

Annual return

-0.61%

6.81%-7.4pp

6625.22%-6625.8pp

4.54%-5.1pp

Employer contribution / active EE

$1,848

$1,544+19.7%

$2,266-18.5%

$1,882-1.8%

Participant deferral / active EE

$3,579

$2,950+21.3%

$3,560+0.6%

$3,022+18.4%

Admin fee / account holder

$238

$527-54.7%

$4,821-95.1%

$592-59.7%

Provider

Service type

Compensation

AKT LLP1+ years

Filed as: AKT

Service code 10 · EIN 93-0623286

Accounting

$13,500

PENSION ASSURANCE LLP1+ years

Filed as: PENSION PLANNERS NORTHWEST

Service code 49 · EIN 93-1160402

Other Services

$9,811

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$1,955

GEM EQUIPMENT OF OREGON, INC EMPLOYEES' 401(K) SALARY REDUCTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEM EQUIPMENT OF OREGON, INC EMPLOYEES' 401(K) SALARY REDUCTION 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