Retirement plan

FRONIUS USA 401(K) PLAN

Name: FRONIUS USA, LLC - FRONIUS USA 401(K) PLAN (2022) Form 5500
Creator: FRONIUS USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRONIUS USA 401(K) PLAN, FRONIUS USA, LLC

FRONIUS USA, LLCEIN 26-0036744Plan #001PY 2022

6797 FRONIUS DRIVE - PORTAGE, IN 46368219-734-5500fronius-usa.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.5M

+2.9% from 2021

Total participants

139

+0.7% from 2021

Average account balance

$31,566

-25.7% from 2021

Annual return

-15.35%

-30.72 pp from 2021

Benchmarks

See 4,068 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,068 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.36M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

111

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.

63.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$20,233
BARCLAY PLANNING GROUP2 years Service code 15 345 DIVERSION STREET · ROCHESTER, MI 48307	Recordkeeping	$908

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$21K

$166 / participant

Contract admin$20K95.7%
Other / not subdivided$9084.3%

% of EOY assets

0.848%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARNAGHI & SCHWARK PLLC
Auditor EIN: 461506714
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,566

$65,437-51.8%

$86,698-63.6%

$66,949-52.9%

Participation rate

52.8%

75.5%-22.7pp

76.6%-23.8pp

69.8%-17.1pp

Annual return

-15.35%

-10.91%-4.4pp

35.96%-51.3pp

1.57%-16.9pp

Employer contribution / active EE

$1,672

$2,154-22.4%

$2,837-41.1%

$2,545-34.3%

Participant deferral / active EE

$3,330

$4,102-18.8%

$4,656-28.5%

$4,239-21.4%

Admin fee / account holder

$268

$642-58.3%

$7,492-96.4%

$594-54.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$20,233

BARCLAY PLANNING GROUP2 years

Service code 15

345 DIVERSION STREET · ROCHESTER, MI 48307

Recordkeeping

$908

FRONIUS USA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRONIUS USA 401(K) 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