Retirement plan

CALIFORNIA INDUSTRIAL RUBBER CO., INC. 401(K) PROFIT SHARING PLAN

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

CALIFORNIA INDUSTRIAL RUBBER CO., INC.EIN 94-1426954Plan #001PY 2016

2732 SOUTH CHERRY AVENUE - FRESNO, CA 93706559-485-1487cir.netLinkedIn51-200 employeeswholesale

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$8.9M

No prior year

Total participants

153

No prior year

Average account balance

$58,218

No prior year

Annual return

-8.01%

No prior year

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.79M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

154

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

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$825

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Service code 19 · EIN 26-4310632 5250 N PALM AVE SUITE 321 · FRESNO, CA 93704	Securities Custodian	$66,937
VERISIGHT, INC.1+ years Filed as: VERISIGHT INC Service code 13 · EIN 27-2037969 7519 N INGRAM AVE · FRESNO, CA 93704	Contract Administrator	$7,545

Plan features & details

Pension benefit codes2A2E2J2K3D

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.
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.
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

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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$80K

$603 / participant

Investment mgmt$67K83.4%
Contract admin$8K9.4%
Other / not subdivided$6K7.1%

% of EOY assets

0.900%

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: HILLS, RENAUT, HOMEN & HUGHES
Auditor EIN: 942463125
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,218

$56,640+2.8%

$78,002-25.4%

$55,167+5.5%

Participation rate

100.0%

73.3%+26.7pp

75.5%+24.5pp

69.0%+31.0pp

Annual return

-8.01%

2868.48%-2876.5pp

425.99%-434.0pp

169.23%-177.2pp

Employer contribution / active EE

$2,316

$1,724+34.3%

$2,470-6.3%

$1,963+18.0%

Participant deferral / active EE

$3,472

$2,778+25.0%

$3,497-0.7%

$3,054+13.7%

Admin fee / account holder

$524

$467+12.3%

$5,481-90.4%

$504+4.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Service code 19 · EIN 26-4310632

5250 N PALM AVE SUITE 321 · FRESNO, CA 93704

Securities Custodian

$66,937

VERISIGHT, INC.1+ years

Filed as: VERISIGHT INC

Service code 13 · EIN 27-2037969

7519 N INGRAM AVE · FRESNO, CA 93704

Contract Administrator

$7,545

CALIFORNIA INDUSTRIAL RUBBER CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA INDUSTRIAL RUBBER CO., INC. 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