Retirement plan

ELKAY PLASTICS CO., INC. 401-K PROFIT SHARING PLAN

Name: ELKAY PLASTICS CO., INC. - ELKAY PLASTICS CO., INC. 401-K PROFIT SHARING PLAN (2016) Form 5500
Creator: ELKAY PLASTICS CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELKAY PLASTICS CO., INC. 401-K PROFIT SHARING PLAN, ELKAY PLASTICS CO., INC.

ELKAY PLASTICS CO., INC.EIN 95-4290939Plan #004PY 2016

6000 SHEILA STREET - COMMERCE, CA 90040323-722-7073

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.9M

+9.5% from 2015

Total participants

228

+10.7% from 2015

Average account balance

$65,141

-2.1% from 2015

Annual return

8.96%

+8.37 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.27M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

226

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$46,265
M HOLDINGS SECURITIES INC2+ years Filed as: M HOLDINGS SECURITIES Service code 27 1125 NW COUCH STREET #900 · PORTLAND, OR 97209	Advisory (Plan)	$39,136
QBI, LLC2+ years Service code 13 · EIN 26-2768667 21031 VENTURA BLVD., 12TH FLOOR · WOODLAND HILLS, CA 91364	Contract Administrator	$15,048

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$60K

$295 / participant

Contract admin$60K100.0%

% of EOY assets

0.464%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,141

$63,924+1.9%

$108,582-40.0%

$55,167+18.1%

Participation rate

85.2%

74.3%+10.9pp

79.6%+5.7pp

69.0%+16.2pp

Annual return

8.96%

15.31%-6.4pp

-51.70%+60.7pp

169.23%-160.3pp

Employer contribution / active EE

$1,329

$1,879-29.3%

$3,758-64.6%

$1,963-32.3%

Participant deferral / active EE

$4,096

$3,067+33.6%

$4,311-5.0%

$3,054+34.1%

Admin fee / account holder

$302

$618-51.1%

$7,645-96.0%

$504-40.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$46,265

M HOLDINGS SECURITIES INC2+ years

Filed as: M HOLDINGS SECURITIES

Service code 27

1125 NW COUCH STREET #900 · PORTLAND, OR 97209

Advisory (Plan)

$39,136

QBI, LLC2+ years

Service code 13 · EIN 26-2768667

21031 VENTURA BLVD., 12TH FLOOR · WOODLAND HILLS, CA 91364

Contract Administrator

$15,048

ELKAY PLASTICS CO., INC. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELKAY PLASTICS CO., 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