Retirement plan

PORTERVILLE SHELTERED WORKSHOP 401(K) SALARY SAVINGS PLAN

Name: PORTERVILLE SHELTERED WORKSHOP, INC - PORTERVILLE SHELTERED WORKSHOP 401(K) SALARY SAVINGS PLAN (2017) Form 5500
Creator: PORTERVILLE SHELTERED WORKSHOP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTERVILLE SHELTERED WORKSHOP 401(K) SALARY SAVINGS PLAN, PORTERVILLE SHELTERED WORKSHOP, INC

PORTERVILLE SHELTERED WORKSHOP, INCEIN 94-1676464Plan #002PY 2017

194 WEST POPLAR AVENUE - PORTERVILLE, CA 93257559-784-1399porterville.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$8.7M

+18.7% from 2016

Total participants

271

+2.3% from 2016

Average account balance

$41,074

+19.2% from 2016

Annual return

16.83%

+10.12 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.83M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

177

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.

57.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$495K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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
LPL FINANCIAL3+ years Filed as: KMS FINANCIAL SERVICES Service code 55 · EIN 91-0850651	Other Commissions	$23,286
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$5,705
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 27-0145686	Securities Custodian	$282
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$26 / participant

Contract admin$6K100.0%

% of EOY assets

0.065%

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: PINE, PEDRONCELLI & AGUILAR, INC.
Auditor EIN: 770051886
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,074

$50,637-18.9%

$86,582-52.6%

$62,293-34.1%

Participation rate

73.4%

67.9%+5.5pp

73.5%-0.2pp

69.5%+3.9pp

Annual return

16.83%

20.80%-4.0pp

965.08%-948.3pp

28.90%-12.1pp

Employer contribution / active EE

$1,105

$2,075-46.8%

$2,839-61.1%

$2,042-45.9%

Participant deferral / active EE

$2,203

$2,611-15.6%

$3,609-39.0%

$3,169-30.5%

Admin fee / account holder

$27

$413-93.5%

$4,904-99.5%

$479-94.4%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Filed as: KMS FINANCIAL SERVICES

Service code 55 · EIN 91-0850651

Other Commissions

$23,286

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$5,705

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 27-0145686

Securities Custodian

$282

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET

Service code 27 · EIN 61-1732930

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27

Advisory (Plan)

PORTERVILLE SHELTERED WORKSHOP 401(K) SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTERVILLE SHELTERED WORKSHOP 401(K) SALARY SAVINGS 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