Retirement plan

PMC, INC. AND SUBSIDIARIES EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: PMC GLOBAL, INC. - PMC, INC. AND SUBSIDIARIES EMPLOYEES' RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: PMC GLOBAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PMC, INC. AND SUBSIDIARIES EMPLOYEES' RETIREMENT SAVINGS PLAN, PMC GLOBAL, INC.

PMC GLOBAL, INC.EIN 95-4605938Plan #001PY 2016

12243 BRANFORD STREET - SUN VALLEY, CA 913521367818-896-1101pmcglobalinc.comLinkedIn1001-5000 employeesconsumer goods

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 4, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$46.9M

No prior year

Total participants

1,548

No prior year

Average account balance

$31,678

No prior year

Annual return

5.37%

No prior year

Benchmarks

See 373 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort373 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.43M

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.

1,523

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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 6 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070	Contract Administrator	$115,445
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 27 · EIN 36-3145972	Advisory (Plan)	$32,495
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4370632	Advisory (Plan)	$17,424
MILLER KAPLAN ARASE LLP1+ years Service code 10 · EIN 95-2036255	Accounting	$10,900
ADP BROKER-DEALER1+ years Filed as: ADP NATIONAL ACCOUNTS Service code 15 · EIN 22-1467904	Recordkeeping	$10,500
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 13 · EIN 06-1050034	Contract Administrator	$6,579

Plan features & details

Pension benefit codes2E2J2F2G3D2K3H2T2S

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.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$83K

$80 / participant

Other / not subdivided$83K100.0%

% of EOY assets

0.177%

all-in expense ratio

Categories reported

0 / 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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,678

$82,279-61.5%

$78,002-59.4%

$63,975-50.5%

Participation rate

93.6%

84.7%+8.9pp

75.5%+18.0pp

71.1%+22.4pp

Annual return

5.37%

11.20%-5.8pp

425.99%-420.6pp

48.65%-43.3pp

Employer contribution / active EE

$892

$3,297-72.9%

$2,470-63.9%

$2,182-59.1%

Participant deferral / active EE

$2,083

$4,538-54.1%

$3,497-40.4%

$3,356-37.9%

Admin fee / account holder

$56

$81-31.1%

$5,481-99.0%

$70-20.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$115,445

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 27 · EIN 36-3145972

Advisory (Plan)

$32,495

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4370632

Advisory (Plan)

$17,424

MILLER KAPLAN ARASE LLP1+ years

Service code 10 · EIN 95-2036255

Accounting

$10,900

ADP BROKER-DEALER1+ years

Filed as: ADP NATIONAL ACCOUNTS

Service code 15 · EIN 22-1467904

Recordkeeping

$10,500

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$6,579

PMC, INC. AND SUBSIDIARIES EMPLOYEES' RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PMC, INC. AND SUBSIDIARIES EMPLOYEES' RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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