Retirement plan

INGERSOLL MACHINE TOOLS, INC. 401(K) PROFIT SHARING PLAN

Name: INGERSOLL MACHINE TOOLS, INC. - INGERSOLL MACHINE TOOLS, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: INGERSOLL MACHINE TOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGERSOLL MACHINE TOOLS, INC. 401(K) PROFIT SHARING PLAN, INGERSOLL MACHINE TOOLS, INC.

INGERSOLL MACHINE TOOLS, INC.EIN 20-0198155Plan #001PY 2019

707 FULTON AVE. - ROCKFORD, IL 61103815-987-6000en.machinetools.camozzi.comLinkedIn51-200 employeesaviation & aerospace

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$21.4M

+26.1% from 2018

Total participants

236

-2.1% from 2018

Average account balance

$91,939

+28.8% from 2018

Annual return

26.26%

+29.66 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.05M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

177

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.

61.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$978K

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

+10.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP5+ years Filed as: MUTUAL OF AMERICA LIFE INS. COMPANY Service code 13 320 PARK AVE. · NEW YORK, NY 10022	Contract Administrator	$2,085

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,939

$65,376+40.6%

$87,104+5.6%

$65,185+41.0%

Participation rate

97.9%

75.3%+22.6pp

76.9%+21.0pp

70.2%+27.7pp

Annual return

26.26%

31.27%-5.0pp

28.19%-1.9pp

29.38%-3.1pp

Employer contribution / active EE

$1,682

$1,822-7.7%

$2,521-33.3%

$2,177-22.7%

Participant deferral / active EE

$5,473

$3,388+61.5%

$4,048+35.2%

$3,514+55.7%

Admin fee / account holder

$520-100.0%

$7,491-100.0%

$847-100.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP5+ years

Filed as: MUTUAL OF AMERICA LIFE INS. COMPANY

Service code 13

320 PARK AVE. · NEW YORK, NY 10022

Contract Administrator

$2,085

INGERSOLL MACHINE TOOLS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

INGERSOLL MACHINE TOOLS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion