Retirement plan

MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN

Name: MAGNETIC METALS CORPORATION - MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN (2015) Form 5500
Creator: MAGNETIC METALS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN, MAGNETIC METALS CORPORATION

MAGNETIC METALS CORPORATIONEIN 22-2077779Plan #005PY 2015

1900 HAYES AVENUE - CAMDEN, NJ 08105856-964-7842magneticmetals.comLinkedIn501-1000 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#003Retirement-$309K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.6M

No prior year

Total participants

126

No prior year

Average account balance

$54,758

No prior year

Annual return

-0.06%

No prior year

Benchmarks

See 174 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Cohort174 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.08M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$456K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9919

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

Top 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111	Sub-transfer agency fees; Direct paym...	$13,095
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH Service code 33	Securities brokerage; Distribution (1...	$20
LEGG MASON1+ years Filed as: LEGG MASON WOOD WALKER Service code 33	Securities brokerage; Distribution (1...	$0
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILLLYNCH Service code 63 77 BROAD ST. · RED BANK, NJ 07701	12b-1 Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$19K

$193 / participant

Contract admin$19K100.0%

% of EOY assets

0.342%

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: BRINKER SIMPSON & COMPANY, LLC
Auditor EIN: 263838358
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,758

$75,828-27.8%

$67,652-19.1%

Participation rate

75.8%

68.4%+7.4pp

75.7%+0.1pp

Annual return

-0.06%

-0.25%+0.2pp

6625.40%-6625.5pp

Employer contribution / active EE

$5,446

$1,407+287.1%

$2,266+140.4%

Participant deferral / active EE

$2,138

$2,505-14.6%

$3,560-39.9%

Admin fee / account holder

$187

$8,125-97.7%

$4,821-96.1%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 12 · EIN 62-1868111

Sub-transfer agency fees; Direct paym...

$13,095

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH

Service code 33

Securities brokerage; Distribution (1...

$20

LEGG MASON1+ years

Filed as: LEGG MASON WOOD WALKER

Service code 33

Securities brokerage; Distribution (1...

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILLLYNCH

Service code 63

77 BROAD ST. · RED BANK, NJ 07701

12b-1 Fees

MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAGNETIC METALS CORPORATION DEFERRED SAVINGS & RETIREMENT 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