Retirement plan

MAKINO MOTE 401(K) SAVINGS PLAN

Name: MAKINO, INC. - MAKINO MOTE 401(K) SAVINGS PLAN (2023) Form 5500
Creator: MAKINO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAKINO MOTE 401(K) SAVINGS PLAN, MAKINO, INC.

MAKINO, INC.EIN 31-0352460Plan #130PY 2023

7680 INNOVATION WAY - MASON, OH 450409695513-573-4517makino.co.jpLinkedIn501-1000 employeesmachinery

Other plans on this EIN

2 filings

#119Retirement-$43.1M assets #117Retirement-$20K assets

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed February 21, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$115.7M

+15.3% from 2022

Total participants

636

+1.3% from 2022

Average account balance

$184,850

-0.4% from 2022

Annual return

19.07%

+35.77 pp from 2022

Benchmarks

See 2,427 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,427 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$133.16M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

653

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$172,222
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 49 · EIN 02-0876482	Other Services	$80,723
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 26 · EIN 36-4319587	Advisory (Participants)	$9,356
TOTAL WEALTH PLANNING LLC1 year Service code 26 · EIN 47-0988610	Advisory (Participants)	$6,781
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$189K

$373 / participant

Contract admin$172K91.4%
Other / not subdivided$16K8.6%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,850

$99,078+86.6%

$96,544+91.5%

$74,419+148.4%

Participation rate

98.0%

80.7%+17.4pp

76.0%+22.1pp

70.7%+27.3pp

Annual return

19.07%

22.48%-3.4pp

25.84%-6.8pp

34.38%-15.3pp

Employer contribution / active EE

$4,534

$2,570+76.4%

$2,965+52.9%

$2,637+71.9%

Participant deferral / active EE

$9,965

$4,933+102.0%

$4,851+105.4%

$4,528+120.1%

Admin fee / account holder

$301

$225+34.1%

$8,252-96.4%

$348-13.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$172,222

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 49 · EIN 02-0876482

Other Services

$80,723

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 26 · EIN 36-4319587

Advisory (Participants)

$9,356

TOTAL WEALTH PLANNING LLC1 year

Service code 26 · EIN 47-0988610

Advisory (Participants)

$6,781

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

MAKINO MOTE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAKINO MOTE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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