Retirement plan

SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN

Name: SCHUNK OF NORTH AMERICA, INC. - SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SCHUNK OF NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN, SCHUNK OF NORTH AMERICA, INC.

SCHUNK OF NORTH AMERICA, INC.EIN 13-2968625Plan #002PY 2020

W146 N9300 HELD DRIVE - MENOMONEE FALLS, WI 530511643513-326-5834

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 16, 2020 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

12011 Mosteller Road

Cincinnati, OH 45241

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Schunk of North America NQDC Plan24 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$17.1M

+7.7% from 2019

Total participants

233

+2.6% from 2019

Average account balance

$73,580

+5.0% from 2019

Annual return

12.26%

-6.54 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.72M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

305

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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 4 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$25,099
401K ADVISORS INC1 year Service code 15 · EIN 33-0905143	Recordkeeping	$16,163
PCA INVESTMENT ADVISORY SERVICES1 year Filed as: PCA INVESTMENT ADVISORY SERVICES, I Service code 15 · EIN 59-3766965	Recordkeeping	$5,840
ADP BROKER-DEALER2 years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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

2 tripped

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

$47K

$252 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.275%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REILLY, PENNER & BENTON
Auditor EIN: 390747409
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,580

$73,638-0.1%

$95,964-23.3%

$73,497+0.1%

Participation rate

100.0%

76.2%+23.8pp

77.1%+22.9pp

70.7%+29.3pp

Annual return

12.26%

16.78%-4.5pp

91.64%-79.4pp

28.51%-16.3pp

Employer contribution / active EE

$2,113

$1,863+13.4%

$2,541-16.8%

$2,270-6.9%

Participant deferral / active EE

$5,516

$3,617+52.5%

$4,167+32.4%

$3,740+47.5%

Admin fee / account holder

$202

$482-58.1%

$6,797-97.0%

$513-60.6%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$25,099

401K ADVISORS INC1 year

Service code 15 · EIN 33-0905143

Recordkeeping

$16,163

PCA INVESTMENT ADVISORY SERVICES1 year

Filed as: PCA INVESTMENT ADVISORY SERVICES, I

Service code 15 · EIN 59-3766965

Recordkeeping

$5,840

ADP BROKER-DEALER2 years

Service code 49 · EIN 22-3319984

Other Services

SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN

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

SCHUNK OF NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN

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