Retirement plan

ERICKSON INCORPORATED 401(K) PROFIT SHARING PLAN

Name: ERICKSON INCORPORATED - ERICKSON INCORPORATED 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: ERICKSON INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ERICKSON INCORPORATED 401(K) PROFIT SHARING PLAN, ERICKSON INCORPORATED

ERICKSON INCORPORATEDEIN 93-1307561Plan #001PY 2016

5550 SW MACADAM AVENUE, SUITE 200 - PORTLAND, OR 972393769503-505-5875ericksoninc.comLinkedIn501-1000 employeesaviation & aerospace

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$44.3M

+6.3% from 2015

Total participants

814

-10.5% from 2015

Average account balance

$64,132

+7.4% from 2015

Annual return

8.97%

+8.79 pp from 2015

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.17M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

636

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$194

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 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480	Other Services	$114,942
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$27,517
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Service code 49 · EIN 13-5674085	Other Services	$16,305
ERICKSON INCORPORATED1 year Service code 13 · EIN 93-1307561	Contract Administrator	$11,000
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

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

$28K

$43 / participant

Contract admin$28K99.7%
Other / not subdivided$700.3%

% of EOY assets

0.062%

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: KIECKHAFER SCHIFFER & COMPANY LLP
Auditor EIN: 330688321
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,132

$39,819+61.1%

$67,834-5.5%

$57,658+11.2%

Participation rate

80.6%

61.2%+19.4pp

68.8%+11.8pp

70.2%+10.4pp

Annual return

8.97%

9.19%-0.2pp

138.47%-129.5pp

5.13%+3.8pp

Employer contribution / active EE

$1,626

$1,277+27.3%

$2,403-32.3%

$1,974-17.6%

Participant deferral / active EE

$5,349

$2,209+142.1%

$3,160+69.3%

$3,061+74.8%

Admin fee / account holder

$40

$84-52.2%

$4,622-99.1%

$95-57.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 49 · EIN 13-2808480

Other Services

$114,942

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$27,517

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Service code 49 · EIN 13-5674085

Other Services

$16,305

ERICKSON INCORPORATED1 year

Service code 13 · EIN 93-1307561

Contract Administrator

$11,000

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ERICKSON INCORPORATED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ERICKSON INCORPORATED 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