Retirement plan

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

Name: JAGENBERG US HOLDING, INC. - JAGENBERG US HOLDING, INC. 401(K) RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.6M

+5.9% from 2019

Total participants

179

-10.9% from 2019

Average account balance

$79,641

+14.0% from 2019

Annual return

16.77%

-3.86 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
COMPENSATION SYSTEMS, INC.6+ years Service code 13 · EIN 56-1129270	Contract Administrator	$5,572
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,964
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MML INVESTOR SERVICES INC. Service code 53	Insurance Commissions	$1,050
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC5 years Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
HENRY ROSSI & CO., LLP3 years Filed as: HENRY J. STEINBERG Service code 53 340 S. PINE ST · SPARTANBURG, SC 29302	Insurance Commissions	$0
INVESCO2 years Service code 52 · EIN 84-1120195	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-2468583	Indirect Investment Fees	$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

$2K

$16 / participant

Contract admin$2K100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

1 / 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: ELLIOTT DAVIS
Auditor EIN: 570381581
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,641

$73,638+8.2%

$95,956-17.0%

$73,493+8.4%

Participation rate

82.8%

76.2%+6.6pp

77.1%+5.7pp

70.7%+12.1pp

Annual return

16.77%

16.78%0pp

91.63%-74.9pp

28.51%-11.7pp

Employer contribution / active EE

$2,249

$1,863+20.7%

$2,541-11.5%

$2,270-0.9%

Participant deferral / active EE

$4,639

$3,617+28.3%

$4,167+11.3%

$3,740+24.0%

Admin fee / account holder

$12

$482-97.4%

$6,797-99.8%

$513-97.6%

Provider

Service type

Compensation

COMPENSATION SYSTEMS, INC.6+ years

Service code 13 · EIN 56-1129270

Contract Administrator

$5,572

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,964

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MML INVESTOR SERVICES INC.

Service code 53

Insurance Commissions

$1,050

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC5 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

HENRY ROSSI & CO., LLP3 years

Filed as: HENRY J. STEINBERG

Service code 53

340 S. PINE ST · SPARTANBURG, SC 29302

Insurance Commissions

INVESCO2 years

Service code 52 · EIN 84-1120195

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-2468583

Indirect Investment Fees

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