Retirement plan

DULCICH, INC. 401(K) PROFIT SHARING AND TRUST

Name: DULCICH, INC. DBA PACIFIC SEAFOOD GROUP - DULCICH, INC. 401(K) PROFIT SHARING AND TRUST (2017) Form 5500
Creator: DULCICH, INC. DBA PACIFIC SEAFOOD GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DULCICH, INC. 401(K) PROFIT SHARING AND TRUST, DULCICH, INC. DBA PACIFIC SEAFOOD GROUP

DULCICH, INC. DBA PACIFIC SEAFOOD GROUPEIN 93-0903333Plan #002PY 2017

16797 SE 130TH AVENUE - CLACKAMAS, OR 970158966503-905-4500

Prospect flagsHigh feesHigh cashLow participationHigh assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 11, 2018 (most recent of 2 filings on file)

Plan administrator

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16797 SE 130th Ave

Clackamas State: OR Zip Code: 97015

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Plans declared (2)

Supplemental Executive Retirement Plan9 emp
Manager Supplemental Income Plan8 emp

Total covered: 17 employees

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Total assets (EOY)

$61M

+16.1% from 2016

Total participants

2,565

+19.9% from 2016

Average account balance

$12,195,277

+31596.5% from 2016

Annual return

15.75%

+6.92 pp from 2016

Benchmarks

See 215 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort215 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.90M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

2,688

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$49,256
CAMBRIDGE INVESTMENT RESEARCH3+ years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 49 · EIN 42-1445429	Other Services	$34,094
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 93-1159640	Accounting	$16,500
TBS AGENCY INC3+ years Service code 49 · EIN 52-1473914	Other Services	$6,314
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

6 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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$66K

$27 / participant

Contract admin$50K75.9%
Other / not subdivided$16K24.1%

% of EOY assets

0.109%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,195,277

$123,286+9791.8%

$75,501+16052.5%

$77,958+15543.4%

Participation rate

0.0%

78.8%-78.8pp

72.4%-72.4pp

71.6%-71.6pp

Annual return

15.75%

20.45%-4.7pp

27.35%-11.6pp

20.87%-5.1pp

Employer contribution / active EE

$742

$2,035-63.5%

$2,352-68.5%

$2,310-67.9%

Participant deferral / active EE

$1,611

$3,095-48.0%

$3,142-48.7%

$3,537-54.5%

Admin fee / account holder

$13,258

$144+9095.6%

$5,801+128.6%

$97+13513.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$49,256

CAMBRIDGE INVESTMENT RESEARCH3+ years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC

Service code 49 · EIN 42-1445429

Other Services

$34,094

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 93-1159640

Accounting

$16,500

TBS AGENCY INC3+ years

Service code 49 · EIN 52-1473914

Other Services

$6,314

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

DULCICH, INC. 401(K) PROFIT SHARING AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DULCICH, INC. 401(K) PROFIT SHARING AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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