Retirement plan

DRAX BIOMASS INC. 401(K) PLAN

Name: DRAX BIOMASS INC. - DRAX BIOMASS INC. 401(K) PLAN (2017) Form 5500
Creator: DRAX BIOMASS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRAX BIOMASS INC. 401(K) PLAN, DRAX BIOMASS INC.

DRAX BIOMASS INC.EIN 99-0371042Plan #001PY 2017

5 CONCOURSE PARKWAY, SUITE 3100 - ATLANTA, GA 30328770-473-4257

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$3.3M

+52.1% from 2016

Total participants

243

+54.8% from 2016

Average account balance

$25,399

+28.7% from 2016

Annual return

23.52%

-8.20 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.12M

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.

492

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.

75.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+35.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 10 of 16 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$3,727
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,544
TYLER ASSOCIATES INC3+ years Filed as: TYLER ASSOCIATES, INC. Service code 13 33 BURNCOAT STREET · WORCESTER, MA 01605	Contract Administrator	$1,125
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$588
MORNINGSTAR3+ years Filed as: MORNINGSTAR INC. MORNINGSTAR ASSOC. Service code 99 5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Other Fees	$501
AMERICAN FUNDS1 year Service code 28 · EIN 95-1411037	Investment Management	$0
BUFFALO FUNDS1 year Filed as: BUFFALO FUNDS, THE Service code 28 · EIN 48-1069845	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED FUNDS Service code 28 · EIN 25-1111467	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
FRANKLIN TEMPLETON1 year Service code 28 · EIN 13-2670991	Investment Management	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$17 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.113%

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: HLB GROSS COLLINS, P.C.
Auditor EIN: 581367012
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,399

$63,314-59.9%

$91,004-72.1%

$62,293-59.2%

Participation rate

49.8%

73.3%-23.5pp

75.6%-25.8pp

69.5%-19.7pp

Annual return

23.52%

21.00%+2.5pp

4.60%+18.9pp

28.90%-5.4pp

Employer contribution / active EE

$2,248

$1,807+24.4%

$2,456-8.5%

$2,042+10.1%

Participant deferral / active EE

$2,587

$2,944-12.1%

$3,548-27.1%

$3,169-18.4%

Admin fee / account holder

$29

$468-93.9%

$5,417-99.5%

$479-94.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$3,727

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,544

TYLER ASSOCIATES INC3+ years

Filed as: TYLER ASSOCIATES, INC.

Service code 13

33 BURNCOAT STREET · WORCESTER, MA 01605

Contract Administrator

$1,125

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$588

MORNINGSTAR3+ years

Filed as: MORNINGSTAR INC. MORNINGSTAR ASSOC.

Service code 99

5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Other Fees

$501

AMERICAN FUNDS1 year

Service code 28 · EIN 95-1411037

Investment Management

BUFFALO FUNDS1 year

Filed as: BUFFALO FUNDS, THE

Service code 28 · EIN 48-1069845

Investment Management

FEDERATED1 year

Filed as: FEDERATED FUNDS

Service code 28 · EIN 25-1111467

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

FRANKLIN TEMPLETON1 year

Service code 28 · EIN 13-2670991

Investment Management

DRAX BIOMASS INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRAX BIOMASS INC. 401(K) 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