Retirement plan

METAL FORMING LUBRICANTS RETIREMENT SAVINGS PLAN

Name: METAL FORMING LUBRICANTS - METAL FORMING LUBRICANTS RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: METAL FORMING LUBRICANTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METAL FORMING LUBRICANTS RETIREMENT SAVINGS PLAN, METAL FORMING LUBRICANTS

METAL FORMING LUBRICANTSEIN 34-1900180Plan #001PY 2021

10800 MIDDLE AVE. STE A-4 - ELYRIA, OH 44035440-458-5730mflube.comLinkedIn11-50 employeeschemicals

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$782K

+23.9% from 2020

Total participants

-12.5% from 2020

Average account balance

$130,301

+44.6% from 2020

Annual return

12.80%

+2.76 pp from 2020

Benchmarks

See 21,784 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,784 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.11M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$889

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 codes2E2J2F2G3D

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

Expense breakdown

Schedule H Part II

Admin total

$15K

$2144 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.920%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$130,301

$124,346+4.8%

$111,306+17.1%

$167,553-22.2%

Participation rate

85.7%

79.6%+6.1pp

77.3%+8.4pp

82.1%+3.6pp

Annual return

12.80%

37.46%-24.7pp

54.67%-41.9pp

478.89%-466.1pp

Employer contribution / active EE

$3,110

$3,438-9.5%

$2,732+13.8%

$4,840-35.7%

Participant deferral / active EE

$9,074

$5,182+75.1%

$4,488+102.2%

$6,343+43.1%

Admin fee / account holder

$2,501

$10,623-76.5%

$7,966-68.6%

$12,316-79.7%

METAL FORMING LUBRICANTS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METAL FORMING LUBRICANTS RETIREMENT SAVINGS 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