Retirement plan

CROMAN CORP. 401(K) PROFIT-SHARING PLAN

Name: CROMAN CORPORATION - CROMAN CORP. 401(K) PROFIT-SHARING PLAN (2020) Form 5500
Creator: CROMAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROMAN CORP. 401(K) PROFIT-SHARING PLAN, CROMAN CORPORATION

CROMAN CORPORATIONEIN 93-0593890Plan #001PY 2020

801 AVENUE C - WHITE CITY, OR 97503541-826-4455croman.netLinkedIn51-200 employeesdefense & space

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.4M

+7.0% from 2019

Total participants

141

-4.7% from 2019

Average account balance

$65,118

+0.5% from 2019

Annual return

9.20%

-11.99 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.82M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

133

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$590

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ADVISORY SERVICES & INVESTMENTS1 year Filed as: ADVISORY SERVICES & INVESTMENTS LLC Service code 17 · EIN 93-1238515 15 SW COLORADO · BEND, OR 97702	Pension Consulting	$26,203
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 12 · EIN 01-0233346	Recordkeeping fees; Recordkeeping and...	$12,572
MOSS ADAMS LLP2 years Service code 10 · EIN 91-0189318	Accounting	$11,500
NORTHWEST RETIREMENT PLANS, INC.1 year Filed as: NORTHWEST RETIREMENT PLANS INC Service code 10 · EIN 93-0839718 3235 HILLCREST PARK DR STE 100 · MEDFORD, OR 97504	Accounting	$5,280

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$56K

$431 / participant

Investment mgmt$26K47.2%
Contract admin$13K22.6%
Other / not subdivided$17K30.2%

% of EOY assets

1.028%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,118

$59,328+9.8%

$118,925-45.2%

$73,488-11.4%

Participation rate

55.0%

62.3%-7.3pp

75.4%-20.3pp

70.7%-15.6pp

Annual return

9.20%

19.13%-9.9pp

35.88%-26.7pp

28.51%-19.3pp

Employer contribution / active EE

$1,877

$1,803+4.1%

$3,263-42.5%

$2,270-17.3%

Participant deferral / active EE

$4,796

$2,604+84.1%

$4,265+12.4%

$3,740+28.2%

Admin fee / account holder

$669

$600+11.5%

$6,581-89.8%

$513+30.5%

Provider

Service type

Compensation

ADVISORY SERVICES & INVESTMENTS1 year

Filed as: ADVISORY SERVICES & INVESTMENTS LLC

Service code 17 · EIN 93-1238515

15 SW COLORADO · BEND, OR 97702

Pension Consulting

$26,203

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 12 · EIN 01-0233346

Recordkeeping fees; Recordkeeping and...

$12,572

MOSS ADAMS LLP2 years

Service code 10 · EIN 91-0189318

Accounting

$11,500

NORTHWEST RETIREMENT PLANS, INC.1 year

Filed as: NORTHWEST RETIREMENT PLANS INC

Service code 10 · EIN 93-0839718

3235 HILLCREST PARK DR STE 100 · MEDFORD, OR 97504

Accounting

$5,280

CROMAN CORP. 401(K) PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROMAN CORP. 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