Retirement plan

FISCHER TOOL AND DIE CORP. PROFIT SHARING AND 401(K) PLAN

Name: FISCHER TOOL AND DIE CORP. - FISCHER TOOL AND DIE CORP. PROFIT SHARING AND 401(K) PLAN (2016) Form 5500
Creator: FISCHER TOOL AND DIE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FISCHER TOOL AND DIE CORP. PROFIT SHARING AND 401(K) PLAN, FISCHER TOOL AND DIE CORP.

FISCHER TOOL AND DIE CORP.EIN 34-1541824Plan #001PY 2016

7155 INDUSTRIAL DRIVE - TEMPERANCE, MI 481829510734-847-4788fischertool.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$21.2M

+5.5% from 2015

Total participants

129

-4.4% from 2015

Average account balance

$164,701

+10.4% from 2015

Annual return

11.65%

+15.55 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.80M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

148.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$388K

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

+10.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3174

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 3 by compensation

Provider	Service type	Compensation
TDC INVESTMENT ADVISORY SERVICES2+ years Filed as: TDC INVESTMENT ADVISORY SERVICE Service code 51 · EIN 34-1023717	Investment Mgmt Fees	$91,547
SOBB ROBERTS, INC.2+ years Service code 10 · EIN 34-1841616	Accounting	$10,500
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL RETIREMENT PLAN SERVICE Service code 64 · EIN 45-5614715	Recordkeeping Fees	$8,398

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$110K

$1062 / participant

Investment mgmt$110K100.0%

% of EOY assets

0.520%

all-in expense ratio

Categories reported

1 / 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

$164,701

$60,165+173.7%

$74,184+122.0%

$55,167+198.5%

Participation rate

100.0%

74.2%+25.8pp

76.6%+23.4pp

69.0%+31.0pp

Annual return

11.65%

10.00%+1.6pp

17.74%-6.1pp

169.23%-157.6pp

Employer contribution / active EE

$2,205

$1,600+37.8%

$2,370-7.0%

$1,963+12.4%

Participant deferral / active EE

$5,186

$2,973+74.5%

$3,550+46.1%

$3,054+69.8%

Admin fee / account holder

$856

$419+104.2%

$5,586-84.7%

$504+69.9%

Provider

Service type

Compensation

TDC INVESTMENT ADVISORY SERVICES2+ years

Filed as: TDC INVESTMENT ADVISORY SERVICE

Service code 51 · EIN 34-1023717

Investment Mgmt Fees

$91,547

SOBB ROBERTS, INC.2+ years

Service code 10 · EIN 34-1841616

Accounting

$10,500

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL RETIREMENT PLAN SERVICE

Service code 64 · EIN 45-5614715

Recordkeeping Fees

$8,398

FISCHER TOOL AND DIE CORP. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FISCHER TOOL AND DIE CORP. PROFIT SHARING AND 401(K) 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