Retirement plan

ANSON INDUSTRIES INC. 401(K) SAVINGS PLAN

Name: ANSON INDUSTRIES INC. - ANSON INDUSTRIES INC. 401(K) SAVINGS PLAN (2020) Form 5500
Creator: ANSON INDUSTRIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANSON INDUSTRIES INC. 401(K) SAVINGS PLAN, ANSON INDUSTRIES INC.

ANSON INDUSTRIES INC.EIN 36-2053853Plan #004PY 2020

1959 ANSON DRIVE - MELROSE PARK, IL 60160708-681-1300ansonindustries.comLinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$83.3M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.1M

+22.9% from 2019

Total participants

184

+10.8% from 2019

Average account balance

$19,826

+20.6% from 2019

Annual return

13.23%

-241137.03 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.15M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

176

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$721K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 N/A · SPRINGFIELD, MA 01111	Recordkeeping	$16,991
OTHER1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$1,225
MAP RETIREMENT, INC.3+ years Filed as: MAP RETIREMENT INC. Service code 34 · EIN 39-1884254 W6180 AEROTECH DRIVE · APPLETON, WI 54914	Other services; Participant loan proc...	$0
RELIANCE TRUST COMPANY1 year Filed as: RELIANCE TRUST CO Service code 25 · EIN 58-1428634	Directed Trustee	$0
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SVS. Service code 15 · EIN 51-0120742	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$173 / participant

Contract admin$18K100.0%

% of EOY assets

0.589%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,826

$69,383-71.4%

$101,275-80.4%

$73,497-73.0%

Participation rate

73.3%

68.4%+5.0pp

75.8%-2.5pp

70.7%+2.7pp

Annual return

13.23%

18.46%-5.2pp

46.48%-33.3pp

28.51%-15.3pp

Employer contribution / active EE

$3,758

$2,628+43.0%

$3,660+2.7%

$2,270+65.5%

Participant deferral / active EE

$12

$3,301-99.6%

$4,371-99.7%

$3,740-99.7%

Admin fee / account holder

$117

$704-83.4%

$5,948-98.0%

$513-77.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

N/A · SPRINGFIELD, MA 01111

Recordkeeping

$16,991

OTHER1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

$1,225

MAP RETIREMENT, INC.3+ years

Filed as: MAP RETIREMENT INC.

Service code 34 · EIN 39-1884254

W6180 AEROTECH DRIVE · APPLETON, WI 54914

Other services; Participant loan proc...

RELIANCE TRUST COMPANY1 year

Filed as: RELIANCE TRUST CO

Service code 25 · EIN 58-1428634

Directed Trustee

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SVS.

Service code 15 · EIN 51-0120742

Recordkeeping

ANSON INDUSTRIES INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANSON INDUSTRIES INC. 401(K) 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