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 (2017) 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 2017

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

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$9.8M

+10.3% from 2016

Total participants

155

+1.3% from 2016

Average account balance

$63,409

+8.9% from 2016

Annual return

14.25%

+22.26 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Service code 19 · EIN 26-4310632 5250 N PALM AVE SUITE 321 · FRESNO, CA 93704	Securities Custodian	$67,779
HILLS, RENAUT, HOMEN & HUGHES1 year Service code 10 · EIN 94-2463125 ACCOUNTANCY CORPORATION · FRESNO, CA 93711	Accounting	$7,500
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP Service code 13 · EIN 27-2037969 7519 N INGRAM AVE · FRESNO, CA 93711	Contract Administrator	$6,165

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

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$84K

$643 / participant

Investment mgmt$70K83.6%
Contract admin$6K7.4%
Other / not subdivided$8K9.0%

% of EOY assets

0.850%

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

$63,409

$63,314+0.2%

$91,004-30.3%

$62,293+1.8%

Participation rate

100.0%

73.3%+26.7pp

75.6%+24.4pp

69.5%+30.5pp

Annual return

14.25%

21.00%-6.7pp

4.60%+9.7pp

28.90%-14.6pp

Employer contribution / active EE

$2,378

$1,807+31.6%

$2,456-3.2%

$2,042+16.4%

Participant deferral / active EE

$3,513

$2,944+19.4%

$3,548-1.0%

$3,169+10.9%

Admin fee / account holder

$539

$468+15.3%

$5,417-90.0%

$479+12.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Service code 19 · EIN 26-4310632

5250 N PALM AVE SUITE 321 · FRESNO, CA 93704

Securities Custodian

$67,779

HILLS, RENAUT, HOMEN & HUGHES1 year

Service code 10 · EIN 94-2463125

ACCOUNTANCY CORPORATION · FRESNO, CA 93711

Accounting

$7,500

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP

Service code 13 · EIN 27-2037969

7519 N INGRAM AVE · FRESNO, CA 93711

Contract Administrator

$6,165

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