Retirement plan

JONACO MACHINE DEFERRED SAVINGS AND PROFIT SHARING PLAN

Name: DEMMER INVESTMENTS III, INC. - JONACO MACHINE DEFERRED SAVINGS AND PROFIT SHARING PLAN (2017) Form 5500
Creator: DEMMER INVESTMENTS III, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JONACO MACHINE DEFERRED SAVINGS AND PROFIT SHARING PLAN, DEMMER INVESTMENTS III, INC.

DEMMER INVESTMENTS III, INC.EIN 27-3546895Plan #001PY 2017

3990 PEAVEY RD - CHASKA, MN 553182300952-448-5544

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 21, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

4520 N. Grand River Avenue

Lansing, MI 48906

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Plans declared (1)

Jonaco Machine Change in Control Plan for the Benefit of Jeff Hayes1 emp

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Total assets (EOY)

$17.5M

+0.6% from 2016

Total participants

142

-3.4% from 2016

Average account balance

$123,148

+4.1% from 2016

Annual return

11.01%

+5.07 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.77M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

164

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$896K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 2 by compensation

Provider	Service type	Compensation
SMITH, SCHAFER & ASSOCIATES, LTD.1 year Filed as: SMITH SCHAFER Service code 10 · EIN 41-1489071	Accounting	$10,500
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 13 · EIN 06-1050034	Contract Administrator	$2,415

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$97 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.075%

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: SMITH, SCHAFER & ASSOCIATES, LTD.
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,148

$64,909+89.7%

$82,313+49.6%

$62,293+97.7%

Participation rate

100.0%

74.9%+25.1pp

76.9%+23.1pp

69.5%+30.5pp

Annual return

11.01%

21.18%-10.2pp

25.88%-14.9pp

28.90%-17.9pp

Employer contribution / active EE

$2,663

$1,676+58.9%

$2,428+9.7%

$2,042+30.4%

Participant deferral / active EE

$3,886

$3,103+25.2%

$3,706+4.9%

$3,169+22.6%

Admin fee / account holder

$92

$440-79.1%

$5,608-98.4%

$479-80.8%

Provider

Service type

Compensation

SMITH, SCHAFER & ASSOCIATES, LTD.1 year

Filed as: SMITH SCHAFER

Service code 10 · EIN 41-1489071

Accounting

$10,500

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$2,415

JONACO MACHINE DEFERRED SAVINGS AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JONACO MACHINE DEFERRED SAVINGS AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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