Retirement plan

SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN

Name: SWANTON WELDING AND MACHINING CO., INC. - SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: SWANTON WELDING AND MACHINING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN, SWANTON WELDING AND MACHINING CO., INC.

SWANTON WELDING AND MACHINING CO., INC.EIN 34-1374577Plan #001PY 2022

407 ZEITER WAY - SWANTON, OH 43558419-826-4816

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

-13.6% from 2021

Total participants

200

+9.3% from 2021

Average account balance

$35,995

-19.0% from 2021

Annual return

-14.28%

-23.71 pp from 2021

Benchmarks

See 4,068 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,068 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.77M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

174

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$890K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5 years Service code 13 · EIN 35-1140070	Contract Administrator	$29,096
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$22,713

Plan features & details

Pension benefit codes2E2F2J2T3D2G2S

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.
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

1 tripped

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

$52K

$508 / participant

Investment mgmt$23K43.8%
Contract admin$29K56.2%

% of EOY assets

0.758%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,995

$65,437-45.0%

$86,698-58.5%

$66,949-46.2%

Participation rate

90.2%

75.5%+14.7pp

76.6%+13.6pp

69.8%+20.4pp

Annual return

-14.28%

-10.91%-3.4pp

35.96%-50.2pp

1.57%-15.8pp

Employer contribution / active EE

$2,217

$2,154+2.9%

$2,837-21.9%

$2,545-12.9%

Participant deferral / active EE

$4,250

$4,102+3.6%

$4,656-8.7%

$4,239+0.3%

Admin fee / account holder

$273

$642-57.5%

$7,492-96.4%

$594-54.1%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5 years

Service code 13 · EIN 35-1140070

Contract Administrator

$29,096

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$22,713

SWANTON WELDING AND MACHINING CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWANTON WELDING AND MACHINING CO., INC. 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