Retirement plan

SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS PROFIT SHARING PLAN

Name: SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS - SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS PROFIT SHARING PLAN (2020) Form 5500
Creator: SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS PROFIT SHARING PLAN, SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS

SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERSEIN 36-2041016Plan #002PY 2020

840 BUSSE HIGHWAY - PARK RIDGE, IL 600682376847-825-5536

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-15.2% from 2019

Total participants

-8.3% from 2019

Average account balance

$112,666

-15.2% from 2019

Annual return

5.10%

-14.77 pp from 2019

Benchmarks

See 36,249 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,249 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1878

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 codes2E2F2G2J3D2T

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$411K

$45672 / participant

Other / not subdivided$411K100.0%

% of EOY assets

33.167%

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

$112,666

$100,868+11.7%

$90,414+24.6%

$158,931-29.1%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

5.10%

1724.58%-1719.5pp

1293.19%-1288.1pp

302.86%-297.8pp

Employer contribution / active EE

$4,222

$3,689+14.4%

$3,262+29.4%

$4,761-11.3%

Participant deferral / active EE

$8,535

$4,348+96.3%

$3,963+115.4%

$5,982+42.7%

Admin fee / account holder

$37,368

$6,502+474.7%

$5,611+565.9%

$11,247+232.3%

SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOCIETY OF TRIBOLOGISTS AND LUBRICATION ENGINEERS PROFIT SHARING 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