Retirement plan

MICRO TOOL AND MANUFACTURING, INC. EMPLOYEES PROFIT SHARING & 401K PLAN

Name: MICRO TOOL AND MANUFACTURING, INC. - MICRO TOOL AND MANUFACTURING, INC. EMPLOYEES PROFIT SHARING & 401K PLAN (2017) Form 5500
Creator: MICRO TOOL AND MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICRO TOOL AND MANUFACTURING, INC. EMPLOYEES PROFIT SHARING & 401K PLAN, MICRO TOOL AND MANUFACTURING, INC.

MICRO TOOL AND MANUFACTURING, INC.EIN 25-1256318Plan #001PY 2017

1425 LIBERTY STREET - MEADVILLE, PA 163357913814-724-4704microtool-plastic.comLinkedIn1-10 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+4.1% from 2016

Total participants

-6.7% from 2016

Average account balance

$84,066

+4.1% from 2016

Annual return

10.56%

+11.64 pp from 2016

Benchmarks

See 14,969 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,969 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73K

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

+5.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4335

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 codes2E2F2G2J2T3D

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$179K

$6884 / participant

Other / not subdivided$179K100.0%

% of EOY assets

10.138%

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

$84,066

$67,606+24.3%

$82,313+2.1%

$70,124+19.9%

Participation rate

73.1%

72.8%+0.3pp

76.9%-3.8pp

69.5%+3.5pp

Annual return

10.56%

21.57%-11.0pp

25.88%-15.3pp

73.14%-62.6pp

Employer contribution / active EE

$473

$1,755-73.0%

$2,428-80.5%

$2,342-79.8%

Participant deferral / active EE

$1,915

$2,987-35.9%

$3,706-48.3%

$3,332-42.5%

Admin fee / account holder

$8,523

$4,512+88.9%

$5,608+52.0%

$4,645+83.5%

MICRO TOOL AND MANUFACTURING, INC. EMPLOYEES PROFIT SHARING & 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICRO TOOL AND MANUFACTURING, INC. EMPLOYEES PROFIT SHARING & 401K 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