Retirement plan

FORT WAYNE METALS RESEARCH PRODUCTS, LLC RETIREMENT SAVINGS PLAN

Name: FORT WAYNE METALS RESEARCH PRODUCTS, LLC. - FORT WAYNE METALS RESEARCH PRODUCTS, LLC RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: FORT WAYNE METALS RESEARCH PRODUCTS, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORT WAYNE METALS RESEARCH PRODUCTS, LLC RETIREMENT SAVINGS PLAN, FORT WAYNE METALS RESEARCH PRODUCTS, LLC.

FORT WAYNE METALS RESEARCH PRODUCTS, LLC.EIN 35-1186549Plan #001PY 2024

9609 ARDMORE AVE. - FT. WAYNE, IN 46809260-747-4154getfreshfarms.comLinkedIn201-500 employeesmedical devices

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$173M

+14.1% from 2023

Total participants

1,708

-5.9% from 2023

Average account balance

$102,153

+1.4% from 2023

Annual return

12.75%

-5.42 pp from 2023

Benchmarks

See 839 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort839 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$173.05M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

1,694

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.11M

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 3 by compensation

Provider	Service type	Compensation
SYM FINANCIAL CORPORATION10+ years Service code 27 801 PARK AVE · WINONA LAKE, IN 46590	Advisory (Plan)	$286,985
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$111,710
ASCENSUS LLC8 years Filed as: BADEN GAGE & SCHROEDER, LLC Service code 10 6920 POINTE INVERNESS WY STE 300 · FORT WAYNE, IN 46804	Accounting	$10,000

Plan features & details

Pension benefit codes2E2F2J2K2T3D3B

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).
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$411K

$277 / participant

Recordkeeping$112K27.2%
Investment mgmt$287K69.8%
Other / not subdivided$13K3.1%

% of EOY assets

0.238%

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: BADEN GAGE AND SCHROEDER LLC
Auditor EIN: 351939627
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,153

$110,258-7.4%

$102,460-0.3%

$200,096-48.9%

Participation rate

99.1%

86.3%+12.8pp

76.5%+22.5pp

72.0%+27.0pp

Annual return

12.75%

35.78%-23.0pp

29.47%-16.7pp

34.26%-21.5pp

Employer contribution / active EE

$2,680

$3,605-25.7%

$3,025-11.4%

$3,038-11.8%

Participant deferral / active EE

$5,475

$6,377-14.2%

$5,056+8.3%

$5,090+7.6%

Admin fee / account holder

$243

$122+98.6%

$9,460-97.4%

$269-9.8%

Provider

Service type

Compensation

SYM FINANCIAL CORPORATION10+ years

Service code 27

801 PARK AVE · WINONA LAKE, IN 46590

Advisory (Plan)

$286,985

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$111,710

ASCENSUS LLC8 years

Filed as: BADEN GAGE & SCHROEDER, LLC

Service code 10

6920 POINTE INVERNESS WY STE 300 · FORT WAYNE, IN 46804

Accounting

$10,000

FORT WAYNE METALS RESEARCH PRODUCTS, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORT WAYNE METALS RESEARCH PRODUCTS, LLC 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