Retirement plan

THE ARNOLD MAGNETIC TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT SAVINGS PLAN

Name: ARNOLD MAGNETIC TECHNOLOGIES CORPORATION - THE ARNOLD MAGNETIC TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: ARNOLD MAGNETIC TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARNOLD MAGNETIC TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT SAVINGS PLAN, ARNOLD MAGNETIC TECHNOLOGIES CORPORATION

ARNOLD MAGNETIC TECHNOLOGIES CORPORATIONEIN 20-2368759Plan #001PY 2017

770 LINDEN AVENUE - ROCHESTER, NY 14625585-385-9010arnoldmagnetics.comLinkedIn501-1000 employeesmining & metals

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20M

+10.4% from 2016

Total participants

283

-1.7% from 2016

Average account balance

$72,417

+12.8% from 2016

Annual return

17.78%

+9.21 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.86M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

423

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.80%

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

Top 2 by compensation

Provider	Service type	Compensation
APFS WEALTH MANAGEMENT2 years Service code 27 · EIN 45-2656077	Advisory (Plan)	$10,654
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930	Recordkeeping	$3,510

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$12K

$58 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

0 / 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: INSERO & CO. CPAS, LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,417

$64,909+11.6%

$82,312-12.0%

$62,293+16.3%

Participation rate

96.7%

74.9%+21.8pp

76.9%+19.8pp

69.5%+27.2pp

Annual return

17.78%

21.18%-3.4pp

25.88%-8.1pp

28.90%-11.1pp

Employer contribution / active EE

$957

$1,676-42.9%

$2,428-60.6%

$2,042-53.1%

Participant deferral / active EE

$3,585

$3,103+15.5%

$3,706-3.3%

$3,169+13.1%

Admin fee / account holder

$45

$440-89.8%

$5,608-99.2%

$479-90.7%

Provider

Service type

Compensation

APFS WEALTH MANAGEMENT2 years

Service code 27 · EIN 45-2656077

Advisory (Plan)

$10,654

THE VANGUARD GROUP, INC.3+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$3,510

THE ARNOLD MAGNETIC TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARNOLD MAGNETIC TECHNOLOGIES CORPORATION EMPLOYEE RETIREMENT SAVINGS 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