Retirement plan

DEMATIC CORP. INVESTMENT PLAN FOR NON-UNION EMPLOYEES

Name: DEMATIC CORP. - DEMATIC CORP. INVESTMENT PLAN FOR NON-UNION EMPLOYEES (2018) Form 5500
Creator: DEMATIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEMATIC CORP. INVESTMENT PLAN FOR NON-UNION EMPLOYEES, DEMATIC CORP.

DEMATIC CORP.EIN 04-3834872Plan #002PY 2018

507 PLYMOUTH AVE NE - GRAND RAPIDS, MI 495056029616-913-6526

Other plans on this EIN

3 filings

#003Retirement-$162.4M assets #102Retirement-$35.6M assets #101Retirement-$10.5M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 16, 2021 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

507 Plymouth Avenue, N.E.

Grand Rapids, MI 49505

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Plans declared (1)

Dematic Corp. Nonqualified Supplemental Savings Plan111 emp

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Total assets (EOY)

$428.1M

-10.1% from 2016

Total participants

3,424

-2.3% from 2016

Average account balance

$126,122

-7.1% from 2016

Annual return

-6.12%

-10.01 pp from 2016

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$843.67M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

5,066

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$586,372
COMERICA BANK2 years Filed as: COMERICA SECURITIES CO FINANCIAL OP Service code 16 · EIN 38-2621207	Consulting	$77,708
NATIONAL FINANCIAL SERVICES1 year Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 33 · EIN 04-3532603	Recordkeeping fees; Account maintenan...	$16,072
BDO USA, LLP3 years Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$5,250

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$565K

$211 / participant

Contract admin$565K100.0%

% of EOY assets

0.132%

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

$126,122

$78,852+59.9%

$76,768+64.3%

$75,289+67.5%

Participation rate

98.9%

85.0%+13.9pp

77.0%+21.9pp

72.4%+26.5pp

Annual return

-6.12%

-1.29%-4.8pp

2.43%-8.6pp

-0.04%-6.1pp

Employer contribution / active EE

$4,214

$2,794+50.8%

$2,485+69.5%

$2,405+75.2%

Participant deferral / active EE

$7,743

$4,800+61.3%

$3,852+101.0%

$3,739+107.1%

Admin fee / account holder

$166

$79+110.8%

$6,676-97.5%

$102+62.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$586,372

COMERICA BANK2 years

Filed as: COMERICA SECURITIES CO FINANCIAL OP

Service code 16 · EIN 38-2621207

Consulting

$77,708

NATIONAL FINANCIAL SERVICES1 year

Filed as: NATIONAL FINANCIAL SERVICES, LLC

Service code 33 · EIN 04-3532603

Recordkeeping fees; Account maintenan...

$16,072

BDO USA, LLP3 years

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$5,250

DEMATIC CORP. INVESTMENT PLAN FOR NON-UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEMATIC CORP. INVESTMENT PLAN FOR NON-UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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