Retirement plan

JAGENBERG US HOLDING, INC. 401(K) RETIREMENT PLAN

Name: JAGENBERG US HOLDING, INC. - JAGENBERG US HOLDING, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: JAGENBERG US HOLDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAGENBERG US HOLDING, INC. 401(K) RETIREMENT PLAN, JAGENBERG US HOLDING, INC.

JAGENBERG US HOLDING, INC.EIN 27-3358020Plan #001PY 2024

P.O. BOX 6128 - SPARTANBURG, SC 29304864-576-0660

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.7M

+8.2% from 2023

Total participants

248

+8.8% from 2023

Average account balance

$72,299

+0.7% from 2023

Annual return

12.02%

-2.75 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.68M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

203

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

$960K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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 6 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES, LLC Service code 27 P.O. BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$16,701
COMPENSATION SYSTEMS, INC.10+ years Service code 13 · EIN 56-1129270	Contract Administrator	$6,864
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,679
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,122
MASSACHUSETTS MUTUAL LIFE INS. CO.7 years Filed as: MML INVESTOR SERVICES INC. Service code 55	Other Commissions	$483
MASSACHUSETTS MUTUAL LIFE INS. CO.7 years Filed as: MML INVESTOR SERVICES INC Service code 55 · EIN 04-2746212	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

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.
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

$6K

$36 / participant

Recordkeeping$6K100.0%

% of EOY assets

0.040%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,299

$79,209-8.7%

$102,434-29.4%

$74,459-2.9%

Participation rate

72.4%

74.8%-2.4pp

76.5%-4.1pp

67.2%+5.2pp

Annual return

12.02%

54.98%-43.0pp

29.46%-17.4pp

1369.70%-1357.7pp

Employer contribution / active EE

$2,170

$2,362-8.1%

$3,023-28.2%

$2,626-17.4%

Participant deferral / active EE

$3,721

$4,417-15.8%

$5,055-26.4%

$4,350-14.5%

Admin fee / account holder

$29

$2,002-98.6%

$9,462-99.7%

$1,945-98.5%

Provider

Service type

Compensation

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES, LLC

Service code 27

P.O. BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$16,701

COMPENSATION SYSTEMS, INC.10+ years

Service code 13 · EIN 56-1129270

Contract Administrator

$6,864

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,679

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,122

MASSACHUSETTS MUTUAL LIFE INS. CO.7 years

Filed as: MML INVESTOR SERVICES INC.

Service code 55

Other Commissions

$483

MASSACHUSETTS MUTUAL LIFE INS. CO.7 years

Filed as: MML INVESTOR SERVICES INC

Service code 55 · EIN 04-2746212

Other Commissions

JAGENBERG US HOLDING, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAGENBERG US HOLDING, INC. 401(K) 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