Retirement plan

MONTI, INC. SAVINGS INCENTIVE PLAN & TRUST

Name: MONTI, INC. - MONTI, INC. SAVINGS INCENTIVE PLAN & TRUST (2015) Form 5500
Creator: MONTI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTI, INC. SAVINGS INCENTIVE PLAN & TRUST, MONTI, INC.

MONTI, INC.EIN 31-0811428Plan #001PY 2015

4510 READING ROAD - CINCINNATI, OH 45229513-761-7775monti-inc.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.1M

No prior year

Total participants

203

No prior year

Average account balance

$47,977

No prior year

Annual return

-0.68%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.19M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

346

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

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

+16.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Filed as: LINCOLN NATIONAL Service code 13 · EIN 35-0472300	Contract Administrator	$25,522
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070	Contract Administrator	$6,917
CLARK, SCHAEFER, HACKETT & CO.1+ years Filed as: CLARK SCHAEFER HACKETT Service code 15 · EIN 31-0800053	Recordkeeping	$2,205

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$35K

$206 / participant

Contract admin$35K100.0%

% of EOY assets

0.432%

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: CLARK SCHAEFER HACKETT
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,977

$54,320-11.7%

$67,652-29.1%

$52,331-8.3%

Participation rate

79.3%

73.6%+5.7pp

75.7%+3.6pp

68.1%+11.2pp

Annual return

-0.68%

6.81%-7.5pp

6625.04%-6625.7pp

4.54%-5.2pp

Employer contribution / active EE

$2,220

$1,544+43.8%

$2,266-2.0%

$1,882+18.0%

Participant deferral / active EE

$2,920

$2,950-1.0%

$3,560-18.0%

$3,022-3.4%

Admin fee / account holder

$207

$527-60.6%

$4,821-95.7%

$592-65.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Filed as: LINCOLN NATIONAL

Service code 13 · EIN 35-0472300

Contract Administrator

$25,522

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$6,917

CLARK, SCHAEFER, HACKETT & CO.1+ years

Filed as: CLARK SCHAEFER HACKETT

Service code 15 · EIN 31-0800053

Recordkeeping

$2,205

MONTI, INC. SAVINGS INCENTIVE PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTI, INC. SAVINGS INCENTIVE PLAN & TRUST

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