Retirement plan

METAL FORMING AND COINING CORPORATION 401(K) PLAN

Name: METAL FORMING AND COINING CORPORATION - METAL FORMING AND COINING CORPORATION 401(K) PLAN (2015) Form 5500
Creator: METAL FORMING AND COINING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METAL FORMING AND COINING CORPORATION 401(K) PLAN, METAL FORMING AND COINING CORPORATION

METAL FORMING AND COINING CORPORATIONEIN 34-4446523Plan #002PY 2015

1007 ILLINOIS AVENUE - MAUMEE, OH 435371752419-893-8748LinkedIn51-200 employeesautomotive

Prospect flagsLow returnsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed February 7, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$11.6M

No prior year

Total participants

190

No prior year

Average account balance

$68,835

No prior year

Annual return

-2.06%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.41M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

163

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$334

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
AURUM WEALTH MANAGEMENT GROUP1+ years Service code 27 6685 BETA DR · MAYFIELD VILLAGE, OH 44143	Advisory (Plan)	$32,951
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,748
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,462
DAVENPORT HANF & COMPANY LLC1+ years Filed as: DAVENPORT, HANF & COMPANY LLC Service code 10 28276 KENSINGTON LANE · PERRYSBURG, OH 43551	Accounting	$8,012

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$67K

$380 / participant

Investment mgmt$50K75.1%
Contract admin$17K24.9%

% of EOY assets

0.577%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DAVENPORT, HANF, & COMPANY, LLC
Auditor EIN: 412173670
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,835

$54,320+26.7%

$67,652+1.7%

$52,331+31.5%

Participation rate

88.1%

73.6%+14.5pp

75.7%+12.5pp

68.1%+20.0pp

Annual return

-2.06%

6.81%-8.9pp

6625.04%-6627.1pp

4.54%-6.6pp

Employer contribution / active EE

$2,006

$1,544+29.9%

$2,266-11.5%

$1,882+6.6%

Participant deferral / active EE

$4,953

$2,950+67.9%

$3,560+39.1%

$3,022+63.9%

Admin fee / account holder

$398

$527-24.5%

$4,821-91.8%

$592-32.8%

Provider

Service type

Compensation

AURUM WEALTH MANAGEMENT GROUP1+ years

Service code 27

6685 BETA DR · MAYFIELD VILLAGE, OH 44143

Advisory (Plan)

$32,951

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,748

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,462

DAVENPORT HANF & COMPANY LLC1+ years

Filed as: DAVENPORT, HANF & COMPANY LLC

Service code 10

28276 KENSINGTON LANE · PERRYSBURG, OH 43551

Accounting

$8,012

METAL FORMING AND COINING CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METAL FORMING AND COINING CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

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