Retirement plan

MOLDAMATIC, LLC PROFIT SHARING 401(K) PLAN & TRUST

Name: MOLDAMATIC, LLC - MOLDAMATIC, LLC PROFIT SHARING 401(K) PLAN & TRUST (2020) Form 5500
Creator: MOLDAMATIC, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOLDAMATIC, LLC PROFIT SHARING 401(K) PLAN & TRUST, MOLDAMATIC, LLC

MOLDAMATIC, LLCEIN 20-2484930Plan #001PY 2020

29 NOELAND AVENUE - PENNDEL, PA 19047215-757-4819moldamatic.comLinkedIn51-200 employeesplastics

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.1M

+11.6% from 2019

Total participants

200

+4.7% from 2019

Average account balance

$53,309

+13.3% from 2019

Annual return

9.24%

+5.32 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.36M

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.

123

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$552K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$347

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION4 years Service code 13 · EIN 35-1140070	Contract Administrator	$38,509
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 27 150 N. COLLEGE ST · CHARLOTTE, NC 28255	Advisory (Plan)	$5,272

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$50 / participant

Investment mgmt$7K100.0%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

1 / 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: LOPEZ TEODOSIO & LARKIN LLC
Auditor EIN: 233007072
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,309

$70,917-24.8%

$98,916-46.1%

$73,493-27.5%

Participation rate

54.7%

73.8%-19.1pp

76.0%-21.3pp

70.7%-16.0pp

Annual return

9.24%

34.18%-24.9pp

196.45%-187.2pp

28.51%-19.3pp

Employer contribution / active EE

$832

$2,037-59.1%

$2,689-69.0%

$2,270-63.3%

Participant deferral / active EE

$2,431

$3,501-30.5%

$4,245-42.7%

$3,740-35.0%

Admin fee / account holder

$55

$535-89.7%

$6,642-99.2%

$513-89.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION4 years

Service code 13 · EIN 35-1140070

Contract Administrator

$38,509

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 27

150 N. COLLEGE ST · CHARLOTTE, NC 28255

Advisory (Plan)

$5,272

MOLDAMATIC, LLC PROFIT SHARING 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOLDAMATIC, LLC PROFIT SHARING 401(K) PLAN & TRUST

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