Retirement plan

PRECISION WIRE PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARIN PL & TR

Name: PRECISION WIRE PRODUCTS INC. - PRECISION WIRE PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARIN PL & TR (2018) Form 5500
Creator: PRECISION WIRE PRODUCTS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRECISION WIRE PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARIN PL & TR, PRECISION WIRE PRODUCTS INC.

PRECISION WIRE PRODUCTS INC.EIN 95-2594778Plan #001PY 2018

6150 SHEILA STREET - COMMERCE, CA 900402407323-890-9100precisionwireproducts.comLinkedIn201-500 employeesbusiness supplies and equipment

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

+3.0% from 2017

Total participants

161

-1.2% from 2017

Average account balance

$38,521

+1.1% from 2017

Annual return

-1.95%

-11.64 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

$8.88M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

169

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.

37.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$601K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$22 / participant

Investment mgmt$42712.6%
Other / not subdivided$3K87.4%

% of EOY assets

0.055%

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: LUCAS HORSFALL MURPHY & PINROH LLP
Auditor EIN: 954659692
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,521

$59,186-34.9%

$76,768-49.8%

$56,287-31.6%

Participation rate

99.4%

75.2%+24.1pp

77.0%+22.4pp

69.9%+29.5pp

Annual return

-1.95%

6.62%-8.6pp

2.43%-4.4pp

-9.96%+8.0pp

Employer contribution / active EE

$399

$1,759-77.3%

$2,485-83.9%

$2,111-81.1%

Participant deferral / active EE

$2,267

$3,255-30.4%

$3,852-41.1%

$3,350-32.3%

Admin fee / account holder

$21

$489-95.7%

$6,675-99.7%

$521-95.9%

PRECISION WIRE PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARIN PL & TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRECISION WIRE PRODUCTS, INC. EMPLOYEES' 401(K) PROFIT SHARIN PL & TR

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