Retirement plan

METRO MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN

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

METRO MACHINE WORKS, INC.EIN 20-4194008Plan #004PY 2020

11977 HARRISON ROAD - ROMULUS, MI 48174734-941-4571metromachineworks.netLinkedIn51-200 employees

Other plans on this EIN

1 filing

#001Retirement-$5.1M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.2M

+14.7% from 2019

Total participants

+10.3% from 2019

Average account balance

$51,645

+7.3% from 2019

Annual return

11.84%

-5.08 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

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.

121.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15400

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$1702 / participant

Other / not subdivided$87K100.0%

% of EOY assets

2.711%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,645

$78,428-34.1%

$95,960-46.2%

$79,852-35.3%

Participation rate

96.1%

73.5%+22.6pp

77.1%+19.0pp

69.6%+26.4pp

Annual return

11.84%

19.37%-7.5pp

91.63%-79.8pp

31.72%-19.9pp

Employer contribution / active EE

$1,996

$1,945+2.6%

$2,541-21.5%

$2,471-19.2%

Participant deferral / active EE

$1,058

$3,440-69.2%

$4,167-74.6%

$3,740-71.7%

Admin fee / account holder

$1,400

$5,622-75.1%

$6,797-79.4%

$5,306-73.6%

METRO MACHINE WORKS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METRO MACHINE WORKS, 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