Retirement plan

AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN

Name: AMERICAN QUALITY FABRICATION, INC. - AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN (2016) Form 5500
Creator: AMERICAN QUALITY FABRICATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN, AMERICAN QUALITY FABRICATION, INC.

AMERICAN QUALITY FABRICATION, INC.EIN 31-1765845Plan #001PY 2016

4125 GIBSON DR. - TIPP CITY, OH 45371937-667-2861LinkedIn1-10 employeesrailroad manufacture

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$378K

+73.4% from 2015

Total participants

+62.5% from 2015

Average account balance

$17,199

+26.1% from 2015

Annual return

13.87%

+16.89 pp from 2015

Benchmarks

See 21,241 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,241 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$132K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2043

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J3D2E

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,199

$88,707-80.6%

$74,184-76.8%

$273,972-93.7%

Participation rate

81.8%

79.4%+2.4pp

76.6%+5.2pp

83.0%-1.2pp

Annual return

13.87%

11.94%+1.9pp

17.74%-3.9pp

41.46%-27.6pp

Employer contribution / active EE

$1,373

$3,159-56.5%

$2,370-42.1%

$4,869-71.8%

Participant deferral / active EE

$4,534

$4,212+7.6%

$3,550+27.7%

$5,287-14.3%

Admin fee / account holder

$8,717-100.0%

$5,586-100.0%

$10,133-100.0%

AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

AMERICAN QUALITY FABRICATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion