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 (2022) 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 2022

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)

$21.8M

-16.9% from 2021

Total participants

228

-4.2% from 2021

Average account balance

$100,808

-10.7% from 2021

Annual return

-13.39%

-30.24 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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 CORP8+ years Filed as: MUTUAL OF AMERICA LIFE INS. COMPANY Service code 13 320 PARK AVE. · NEW YORK, NY 10022	Contract Administrator	$598

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.

Expense breakdown

Schedule H Part II

Admin total

$2K

$15 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.009%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,808

$65,453+54.0%

$86,698+16.3%

$66,938+50.6%

Participation rate

91.0%

75.5%+15.6pp

76.6%+14.5pp

69.8%+21.2pp

Annual return

-13.39%

-10.89%-2.5pp

35.95%-49.3pp

1.58%-15.0pp

Employer contribution / active EE

$2,467

$2,154+14.5%

$2,837-13.0%

$2,545-3.1%

Participant deferral / active EE

$5,392

$4,102+31.5%

$4,656+15.8%

$4,238+27.2%

Admin fee / account holder

$642-98.6%

$7,493-99.9%

$594-98.4%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP8+ years

Filed as: MUTUAL OF AMERICA LIFE INS. COMPANY

Service code 13

320 PARK AVE. · NEW YORK, NY 10022

Contract Administrator

$598

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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