Retirement plan

METALOR TECHNOLOGIES USA RETIREMENT AND SAVINGS PL

Name: METALOR TECHNOLOGIES USA - METALOR TECHNOLOGIES USA RETIREMENT AND SAVINGS PL (2020) Form 5500
Creator: METALOR TECHNOLOGIES USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METALOR TECHNOLOGIES USA RETIREMENT AND SAVINGS PL, METALOR TECHNOLOGIES USA

METALOR TECHNOLOGIES USAEIN 22-2947422Plan #001PY 2020

255 JOHN L. DIETSCH BLVD - NORTH ATTLEBORO, MA 02761508-699-8800

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$28.2M

+16.7% from 2019

Total participants

252

+11.0% from 2019

Average account balance

$117,298

+7.4% from 2019

Annual return

15.38%

-6.39 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

$29.81M

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$83,755
RESOURCES INVESTMENT ADVISORS LLC2 years Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$39,276
AMERICAN FUNDS4+ years Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 52 · EIN 13-4024319	Indirect Investment Fees	$0
COLUMBIA4+ years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
GOLDMAN SACHS4+ years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HARRIS4+ years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO4+ years Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4+ years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$123K

$669 / participant

Investment mgmt$120K97.8%
Contract admin$2K1.7%
Other / not subdivided$6630.5%

% of EOY assets

0.437%

all-in expense ratio

Categories reported

2 / 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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,298

$70,917+65.4%

$98,920+18.6%

$73,497+59.6%

Participation rate

93.5%

73.8%+19.7pp

76.0%+17.4pp

70.7%+22.8pp

Annual return

15.38%

34.18%-18.8pp

196.47%-181.1pp

28.51%-13.1pp

Employer contribution / active EE

$2,213

$2,037+8.6%

$2,689-17.7%

$2,270-2.5%

Participant deferral / active EE

$5,524

$3,501+57.8%

$4,245+30.1%

$3,740+47.7%

Admin fee / account holder

$513

$535-4.2%

$6,643-92.3%

$513-0.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$83,755

RESOURCES INVESTMENT ADVISORS LLC2 years

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$39,276

AMERICAN FUNDS4+ years

Service code 52 · EIN 95-6006886

Indirect Investment Fees

THE BANK OF NEW YORK MELLON2 years

Filed as: BNY MELLON

Service code 52 · EIN 13-4024319

Indirect Investment Fees

COLUMBIA4+ years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

GOLDMAN SACHS4+ years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HARRIS4+ years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO4+ years

Service code 52 · EIN 76-0343427

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

METALOR TECHNOLOGIES USA RETIREMENT AND SAVINGS PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METALOR TECHNOLOGIES USA RETIREMENT AND SAVINGS PL

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