Retirement plan

NMC GROUP RETIREMENT PLAN

Name: NMC COMPANY - NMC GROUP RETIREMENT PLAN (2024) Form 5500
Creator: NMC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NMC GROUP RETIREMENT PLAN, NMC COMPANY

NMC COMPANYEIN 34-4477878Plan #001PY 2024

901 S UNION STREET PO BOX 1127 - FOSTORIA, OH 44830419-435-2711

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$10M

+14.9% from 2023

Total participants

305

+58.0% from 2023

Average account balance

$52,470

+11.8% from 2023

Annual return

11.85%

-3.92 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.97M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

190

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.

11.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$861K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$23,648
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,255
NMC COMPANY1 year Service code 10 901 S UNION ST PO BOX 1127 · FOSTORIA, OH 44830	Accounting	$9,500
FIFTH THIRD BANK RETIREMENT SERVICE3 years Filed as: FIFTH THIRD BANK Service code 27 38 FOUNTAIN SQ PLZ · CINCINNATI, OH 45263	Advisory (Plan)	$9,368

Plan features & details

Pension benefit codes2E2G2J2K2S2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$65K

$498 / participant

Recordkeeping$22K34.4%
Investment mgmt$33K51.0%
Other / not subdivided$10K14.7%

% of EOY assets

0.650%

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: FRUTH AND COMPANY, PLL
Auditor EIN: 341323165
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,470

$79,209-33.8%

$102,434-48.8%

$74,459-29.5%

Participation rate

11.5%

74.8%-63.2pp

76.5%-65.0pp

67.2%-55.7pp

Annual return

11.85%

54.98%-43.1pp

29.46%-17.6pp

1369.70%-1357.9pp

Employer contribution / active EE

$2,482

$2,362+5.0%

$3,023-17.9%

$2,626-5.5%

Participant deferral / active EE

$4,142

$4,417-6.2%

$5,055-18.1%

$4,350-4.8%

Admin fee / account holder

$341

$2,002-83.0%

$9,462-96.4%

$1,945-82.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$23,648

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,255

NMC COMPANY1 year

Service code 10

901 S UNION ST PO BOX 1127 · FOSTORIA, OH 44830

Accounting

$9,500

FIFTH THIRD BANK RETIREMENT SERVICE3 years

Filed as: FIFTH THIRD BANK

Service code 27

38 FOUNTAIN SQ PLZ · CINCINNATI, OH 45263

Advisory (Plan)

$9,368

NMC GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NMC GROUP 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