Retirement plan

JORGENSEN & CO. 401(K) RETIREMENT PLAN

Name: JORGENSEN & SONS, INC. DBA JORGENSEN & CO. - JORGENSEN & CO. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: JORGENSEN & SONS, INC. DBA JORGENSEN & CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JORGENSEN & CO. 401(K) RETIREMENT PLAN, JORGENSEN & SONS, INC. DBA JORGENSEN & CO.

JORGENSEN & SONS, INC. DBA JORGENSEN & CO.EIN 94-1477041Plan #002PY 2017

2691 S. EAST AVE. - FRESNO, CA 93706559-268-6241jorgensenco.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$4.1M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.4M

+19.2% from 2016

Total participants

144

-2.0% from 2016

Average account balance

$40,299

+11.7% from 2016

Annual return

17.41%

+12.10 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.31M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

61.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$534

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$54,194
ALL VALLEY ADMINISTRATORS, LLC1 year Filed as: ALL VALLEY ADMINISTRATORS LLC Service code 13 · EIN 77-0536417 7525 N CEDAR AVE SUITE 109 · FRESNO, CA 93720	Contract Administrator	$3,415
RAYMOND JAMES FINANCIAL SERVICES3+ years Service code 27 P O BOX 14527 · ST PETERSBURG, FL 337334527	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$58K

$454 / participant

Other / not subdivided$58K100.0%

% of EOY assets

1.300%

all-in expense ratio

Categories reported

0 / 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: NOELL, AGNEW, MORSE, LLP
Auditor EIN: 942913900
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,299

$64,909-37.9%

$82,312-51.0%

$62,293-35.3%

Participation rate

73.2%

74.9%-1.6pp

76.9%-3.7pp

69.5%+3.7pp

Annual return

17.41%

21.18%-3.8pp

25.88%-8.5pp

28.90%-11.5pp

Employer contribution / active EE

$1,676-100.0%

$2,428-100.0%

$2,042-100.0%

Participant deferral / active EE

$2,169

$3,103-30.1%

$3,706-41.5%

$3,169-31.6%

Admin fee / account holder

$524

$440+19.1%

$5,608-90.7%

$479+9.3%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$54,194

ALL VALLEY ADMINISTRATORS, LLC1 year

Filed as: ALL VALLEY ADMINISTRATORS LLC

Service code 13 · EIN 77-0536417

7525 N CEDAR AVE SUITE 109 · FRESNO, CA 93720

Contract Administrator

$3,415

RAYMOND JAMES FINANCIAL SERVICES3+ years

Service code 27

P O BOX 14527 · ST PETERSBURG, FL 337334527

Advisory (Plan)

JORGENSEN & CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JORGENSEN & CO. 401(K) RETIREMENT 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