Retirement plan

CENTRAL TEXAS IRON WORKS INC. PROFIT SHARING 401(K) PLAN

Name: CENTRAL TEXAS IRON WORKS, INC. - CENTRAL TEXAS IRON WORKS INC. PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: CENTRAL TEXAS IRON WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL TEXAS IRON WORKS INC. PROFIT SHARING 401(K) PLAN, CENTRAL TEXAS IRON WORKS, INC.

CENTRAL TEXAS IRON WORKS, INC.EIN 94-3274792Plan #001PY 2017

P.O. BOX 2555 - WACO, TX 76702254-776-8000ctiw.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.3M

+0.4% from 2016

Total participants

213

+4.9% from 2016

Average account balance

$60,739

-6.6% from 2016

Annual return

10.90%

+4.35 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.16M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

253

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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
FIRST MERCANTILE TRUST COMPANY3+ years Filed as: FIRST MERCANTILE TRUST Service code 13 · EIN 62-0951563	Contract Administrator	$29,381
PURSHE KAPLAN STERLING INV1 year Filed as: PURSHE KAPLAN STERLING INVESTMENTS Service code 16 · EIN 13-3749682	Consulting	$14,515
RBC WEALTH MANAGEMENT3+ years Filed as: RBC CAPITAL MARKETS Service code 16 · EIN 41-1416330	Consulting	$10,493

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,739

$58,726+3.4%

$92,240-34.2%

$62,293-2.5%

Participation rate

93.8%

68.3%+25.5pp

76.5%+17.3pp

69.5%+24.3pp

Annual return

10.90%

43.62%-32.7pp

176.29%-165.4pp

28.90%-18.0pp

Employer contribution / active EE

$2,195

$2,392-8.2%

$3,680-40.3%

$2,042+7.5%

Participant deferral / active EE

$1,750

$2,766-36.7%

$3,897-55.1%

$3,169-44.8%

Admin fee / account holder

$556-100.0%

$5,194-100.0%

$479-100.0%

Provider

Service type

Compensation

FIRST MERCANTILE TRUST COMPANY3+ years

Filed as: FIRST MERCANTILE TRUST

Service code 13 · EIN 62-0951563

Contract Administrator

$29,381

PURSHE KAPLAN STERLING INV1 year

Filed as: PURSHE KAPLAN STERLING INVESTMENTS

Service code 16 · EIN 13-3749682

Consulting

$14,515

RBC WEALTH MANAGEMENT3+ years

Filed as: RBC CAPITAL MARKETS

Service code 16 · EIN 41-1416330

Consulting

$10,493

CENTRAL TEXAS IRON WORKS INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CENTRAL TEXAS IRON WORKS INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion