Retirement plan

DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST

Name: DEISTER MACHINE COMPANY, INC. - DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST (2017) Form 5500
Creator: DEISTER MACHINE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST, DEISTER MACHINE COMPANY, INC.

DEISTER MACHINE COMPANY, INC.EIN 35-0266470Plan #001PY 2017

1933 E. WAYNE STREET - FORT WAYNE, IN 46803260-426-7495deistermachine.comLinkedIn201-500 employeesmining & metals

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$12.2M

+12.2% from 2016

Total participants

279

+7.3% from 2016

Average account balance

$45,881

+4.6% from 2016

Annual return

10.11%

+1.46 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.56M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

352

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$8,893
SMS RETIREMENT2+ years Filed as: SMS BENEFIT ADVISORS, LLC Service code 27 1933 E WAYNE STREET · FT WAYNE, IN 46803	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2S

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.

Opportunity flags

2 tripped

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

$9K

$36 / participant

Contract admin$9K100.0%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KATZ SAPPER MILLER, LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,881

$69,305-33.8%

$82,313-44.3%

$69,631-34.1%

Participation rate

94.8%

80.3%+14.5pp

76.9%+17.9pp

70.7%+24.1pp

Annual return

10.11%

21.47%-11.4pp

25.88%-15.8pp

27571.02%-27560.9pp

Employer contribution / active EE

$987

$1,887-47.7%

$2,428-59.3%

$2,032-51.4%

Participant deferral / active EE

$2,554

$3,568-28.4%

$3,706-31.1%

$3,224-20.8%

Admin fee / account holder

$33

$97-65.6%

$5,608-99.4%

$110-69.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$8,893

SMS RETIREMENT2+ years

Filed as: SMS BENEFIT ADVISORS, LLC

Service code 27

1933 E WAYNE STREET · FT WAYNE, IN 46803

Advisory (Plan)

DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEISTER MACHINE COMPANY, INC. 401K SALARY REDUCTION PLAN AND TRUST

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