Retirement plan

MADISON PRECISION PRODUCTS, INC. RETIREMENT PLAN

Name: MADISON PRECISION PRODUCTS, INC. - MADISON PRECISION PRODUCTS, INC. RETIREMENT PLAN (2016) Form 5500
Creator: MADISON PRECISION PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MADISON PRECISION PRODUCTS, INC. RETIREMENT PLAN, MADISON PRECISION PRODUCTS, INC.

MADISON PRECISION PRODUCTS, INC.EIN 33-0281975Plan #001PY 2016

94 EAST 400 NORTH - MADISON, IN 47250812-273-4702madisonprecision.comLinkedIn51-200 employeesautomotive

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.7M

+14.2% from 2015

Total participants

570

+17.8% from 2015

Average account balance

$23,675

-5.6% from 2015

Annual return

6.90%

+6.27 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.55M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

423

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$5,089
ASCENSUS LLC2+ years Filed as: RETIREMENT MANAGEMENT SERVICES LLC Service code 99 · EIN 31-1560462	Other Fees	$3,600
MORNINGSTAR2+ years Service code 26 · EIN 36-3297908	Advisory (Participants)	$1,189

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$10K

$20 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.084%

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: DEMING MALONE LIVESAY AND OSTROFF
Auditor EIN: 611064249
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,675

$63,905-63.0%

$74,184-68.1%

$57,658-58.9%

Participation rate

85.0%

79.8%+5.2pp

76.6%+8.4pp

70.2%+14.8pp

Annual return

6.90%

60.60%-53.7pp

17.74%-10.8pp

5.13%+1.8pp

Employer contribution / active EE

$1,216

$1,840-33.9%

$2,370-48.7%

$1,974-38.4%

Participant deferral / active EE

$1,657

$3,448-51.9%

$3,550-53.3%

$3,061-45.8%

Admin fee / account holder

$20

$91-78.1%

$5,586-99.6%

$95-78.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

$5,089

ASCENSUS LLC2+ years

Filed as: RETIREMENT MANAGEMENT SERVICES LLC

Service code 99 · EIN 31-1560462

Other Fees

$3,600

MORNINGSTAR2+ years

Service code 26 · EIN 36-3297908

Advisory (Participants)

$1,189

MADISON PRECISION PRODUCTS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MADISON PRECISION PRODUCTS, INC. RETIREMENT 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