Retirement plan

FRESNO VALVES & CASTINGS, INC. 401(K) PROFIT SHARING PLAN

Name: FRESNO VALVES & CASTINGS, INC. - FRESNO VALVES & CASTINGS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: FRESNO VALVES & CASTINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRESNO VALVES & CASTINGS, INC. 401(K) PROFIT SHARING PLAN, FRESNO VALVES & CASTINGS, INC.

FRESNO VALVES & CASTINGS, INC.EIN 94-1542403Plan #001PY 2018

P. O. BOX 40 - SELMA, CA 93662559-834-2511fresnovalves.comLinkedIn201-500 employeesfarming

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$27.2M

+10.1% from 2017

Total participants

300

+4.9% from 2017

Average account balance

$91,795

+6.0% from 2017

Annual return

7.33%

-1.78 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.32M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

311

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

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+7.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C Service code 15 · EIN 13-3689044	Recordkeeping	$105
ALL VALLEY ADMINISTRATORS, LLC1 year Filed as: ALL VALLEY ADMINISTRATORS LLC Service code 15 7525 N CEDAR AVE SUITE 109 · FRESNO, CA 93720	Recordkeeping	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 22 · EIN 54-0910269	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$105

$0 / participant

Contract admin$105100.0%

% of EOY assets

0.000%

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: DRITSAS GROOM MCCORMICK LLP
Auditor EIN: 942782187
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,795

$59,186+55.1%

$76,768+19.6%

$56,287+63.1%

Participation rate

98.2%

75.2%+23.0pp

77.0%+21.3pp

69.9%+28.4pp

Annual return

7.33%

6.62%+0.7pp

2.43%+4.9pp

-9.96%+17.3pp

Employer contribution / active EE

$3,590

$1,759+104.1%

$2,485+44.4%

$2,111+70.0%

Participant deferral / active EE

$3,070

$3,255-5.7%

$3,852-20.3%

$3,350-8.4%

Admin fee / account holder

$489-99.9%

$6,675-100.0%

$521-99.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C

Service code 15 · EIN 13-3689044

Recordkeeping

$105

ALL VALLEY ADMINISTRATORS, LLC1 year

Filed as: ALL VALLEY ADMINISTRATORS LLC

Service code 15

7525 N CEDAR AVE SUITE 109 · FRESNO, CA 93720

Recordkeeping

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 22 · EIN 54-0910269

Insurance Broker

FRESNO VALVES & CASTINGS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRESNO VALVES & CASTINGS, 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