Retirement plan

THE ULVEN COMPANIES 401(K) PLAN

Name: THE ULVEN COMPANIES - THE ULVEN COMPANIES 401(K) PLAN (2020) Form 5500
Creator: THE ULVEN COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ULVEN COMPANIES 401(K) PLAN, THE ULVEN COMPANIES

THE ULVEN COMPANIESEIN 93-0724826Plan #001PY 2020

2310 INDUSTRIAL AVENUE - HUBBARD, OR 97032503-982-9779LinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 29, 2018

Plan administrator

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2310 Industrial Ave

Hubbard State: OR Zip Code: 97302

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Plans declared (1)

Plan name not on file2 emp

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Total assets (EOY)

$9M

+17.4% from 2019

Total participants

134

+9.8% from 2019

Average account balance

$70,991

-18.7% from 2019

Annual return

14.04%

-7.56 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.08M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

110

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$530K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$419

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
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$34,383
CONSULTING ACTUARIAL GROUP, INC.3 years Filed as: CONSULTING, LLC DESCHUTES INVEST Service code 27 200 SW MARKET STREET STE 550 · PORTLAND, OR 97201	Advisory (Plan)	$26,797
PENSION PLAN SPECIALISTS, PC6+ years Service code 13	Contract Administrator	$3,828
PENSION PLAN SPECIALISTS, PC6+ years Filed as: PENSION PLAN SPECIALISTS Service code 13 · EIN 26-1570786	Contract Administrator	$1,450

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$62K

$551 / participant

Investment mgmt$27K43.4%
Contract admin$34K55.1%
Other / not subdivided$9301.5%

% of EOY assets

0.685%

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: ALDRICH CPAS + ADVISORS LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,991

$73,638-3.6%

$95,960-26.0%

$73,493-3.4%

Participation rate

93.8%

76.2%+17.6pp

77.1%+16.7pp

70.7%+23.1pp

Annual return

14.04%

16.78%-2.7pp

91.63%-77.6pp

28.51%-14.5pp

Employer contribution / active EE

$1,896

$1,863+1.7%

$2,541-25.4%

$2,270-16.5%

Participant deferral / active EE

$4,271

$3,617+18.1%

$4,167+2.5%

$3,740+14.2%

Admin fee / account holder

$486

$482+0.9%

$6,797-92.8%

$513-5.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$34,383

CONSULTING ACTUARIAL GROUP, INC.3 years

Filed as: CONSULTING, LLC DESCHUTES INVEST

Service code 27

200 SW MARKET STREET STE 550 · PORTLAND, OR 97201

Advisory (Plan)

$26,797

PENSION PLAN SPECIALISTS, PC6+ years

Service code 13

Contract Administrator

$3,828

PENSION PLAN SPECIALISTS, PC6+ years

Filed as: PENSION PLAN SPECIALISTS

Service code 13 · EIN 26-1570786

Contract Administrator

$1,450

THE ULVEN COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ULVEN COMPANIES 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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