Retirement plan

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Name: DONNELLY MECHANICAL CORP. - DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES (2016) Form 5500
Creator: DONNELLY MECHANICAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES, DONNELLY MECHANICAL CORP.

DONNELLY MECHANICAL CORP.EIN 11-2957503Plan #003PY 2016

96-59 222ND STREET - QUEENS VILLAGE, NY 114291313718-886-1500donnellymech.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$6.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+11.9% from 2015

Total participants

117

+3.5% from 2015

Average account balance

$21,568

+8.1% from 2015

Annual return

7.86%

+8.30 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

136

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 codes2E2G3D2T2F

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.
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.

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

$114K

$1071 / participant

Other / not subdivided$114K100.0%

% of EOY assets

4.498%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,568

$52,884-59.2%

$84,753-74.6%

$55,167-60.9%

Participation rate

100.0%

67.5%+32.5pp

76.6%+23.4pp

69.0%+31.0pp

Annual return

7.86%

18.03%-10.2pp

22.78%-14.9pp

169.23%-161.4pp

Employer contribution / active EE

$1,936

$2,233-13.3%

$3,574-45.8%

$1,963-1.3%

Participant deferral / active EE

$2,644-100.0%

$3,712-100.0%

$3,054-100.0%

Admin fee / account holder

$970

$581+67.1%

$5,333-81.8%

$504+92.5%

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

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