Retirement plan

MURATA MACHINERY USA, INC. 401(K) PROFIT SHARING PLAN

Name: MURATA MACHINERY USA, INC. - MURATA MACHINERY USA, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MURATA MACHINERY USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURATA MACHINERY USA, INC. 401(K) PROFIT SHARING PLAN, MURATA MACHINERY USA, INC.

MURATA MACHINERY USA, INC.EIN 23-2575678Plan #001PY 2017

2120 QUEEN CITY DRIVE - CHARLOTTE, NC 28208704-972-4462muratec-usa.comLinkedIn201-500 employeesmachinery

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$30.8M

-3.3% from 2016

Total participants

419

+1.2% from 2016

Average account balance

$80,223

+0.2% from 2016

Annual return

3.70%

-3.59 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.78M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

495

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$73,058
LOCKTON INVESTMENT ADVISORS, LLC2 years Filed as: LOCKTON FINANCIAL Service code 27 · EIN 90-0007886	Advisory (Plan)	$37,500
MORNINGSTAR3+ years Service code 27 · EIN 36-4317381	Advisory (Plan)	$5,228

Plan features & details

Pension benefit codes2E2G2J2K3D2T2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.)
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

$117K

$357 / participant

Other / not subdivided$117K100.0%

% of EOY assets

0.381%

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: VANCE, FLOUHOUSE AND GAREES
Auditor EIN: 260005391
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,223

$69,305+15.8%

$82,312-2.5%

$69,631+15.2%

Participation rate

89.4%

80.3%+9.1pp

76.9%+12.5pp

70.7%+18.7pp

Annual return

3.70%

21.47%-17.8pp

25.88%-22.2pp

27571.02%-27567.3pp

Employer contribution / active EE

$2,485

$1,887+31.7%

$2,428+2.3%

$2,032+22.3%

Participant deferral / active EE

$4,880

$3,568+36.8%

$3,706+31.7%

$3,224+51.4%

Admin fee / account holder

$306

$97+214.5%

$5,608-94.5%

$110+176.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$73,058

LOCKTON INVESTMENT ADVISORS, LLC2 years

Filed as: LOCKTON FINANCIAL

Service code 27 · EIN 90-0007886

Advisory (Plan)

$37,500

MORNINGSTAR3+ years

Service code 27 · EIN 36-4317381

Advisory (Plan)

$5,228

MURATA MACHINERY USA, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURATA MACHINERY USA, 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