Retirement plan

AMERICAN MICRO PRODUCTS 401(K) PROFIT SHARING PLAN

Name: AMERICAN MICRO PRODUCTS, INC - AMERICAN MICRO PRODUCTS 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: AMERICAN MICRO PRODUCTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN MICRO PRODUCTS 401(K) PROFIT SHARING PLAN, AMERICAN MICRO PRODUCTS, INC

AMERICAN MICRO PRODUCTS, INCEIN 31-0681106Plan #002PY 2017

4288 ARMSTRONG BLVD - BATAVIA, OH 45103513-735-7276american-micro.comLinkedIn201-500 employeesexecutive office

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$8.3M

+4.6% from 2016

Total participants

162

-4.1% from 2016

Average account balance

$74,396

+12.1% from 2016

Annual return

17.33%

+22.50 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

$6.87M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21762

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

0 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
STANCORP FINANCIAL GROUP3+ years Service code 12 · EIN 93-1253576	Distribution (12b-1) fees; Custodial ...	$47,461
DAVID BODNAR ADVISORS, LLC3+ years Service code 27 · EIN 20-3992576	Advisory (Plan)	$14,912

Plan features & details

Pension benefit codes2E2F2K2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$113K

$780 / participant

Contract admin$46K40.6%
Other / not subdivided$67K59.4%

% of EOY assets

1.358%

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: BARNES DENNIG
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,396

$64,909+14.6%

$82,312-9.6%

$62,293+19.4%

Participation rate

65.5%

74.9%-9.4pp

76.9%-11.4pp

69.5%-4.0pp

Annual return

17.33%

21.18%-3.9pp

25.88%-8.5pp

28.90%-11.6pp

Employer contribution / active EE

$76

$1,676-95.5%

$2,428-96.9%

$2,042-96.3%

Participant deferral / active EE

$1,503

$3,103-51.6%

$3,706-59.4%

$3,169-52.6%

Admin fee / account holder

$1,010

$440+129.7%

$5,608-82.0%

$479+110.7%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP3+ years

Service code 12 · EIN 93-1253576

Distribution (12b-1) fees; Custodial ...

$47,461

DAVID BODNAR ADVISORS, LLC3+ years

Service code 27 · EIN 20-3992576

Advisory (Plan)

$14,912

AMERICAN MICRO PRODUCTS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN MICRO PRODUCTS 401(K) PROFIT SHARING 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