Retirement plan

MACLEAN-FOGG COMPANY PROFIT SHARING AND SAVINGS PLAN

Name: MACLEAN-FOGG COMPANY - MACLEAN-FOGG COMPANY PROFIT SHARING AND SAVINGS PLAN (2020) Form 5500
Creator: MACLEAN-FOGG COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACLEAN-FOGG COMPANY PROFIT SHARING AND SAVINGS PLAN, MACLEAN-FOGG COMPANY

MACLEAN-FOGG COMPANYEIN 36-2431745Plan #003PY 2020

1000 ALLANSON ROAD - MUNDELEIN, IL 60060847-566-0010macleanfogg.comLinkedIn1001-5000 employeesmechanical or industrial engineering

Prospect flagsLow returnsLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 1, 2002

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$215.4M

+6.2% from 2019

Total participants

3,211

-2.3% from 2019

Average account balance

$67,513

+4.9% from 2019

Annual return

11.88%

-11.97 pp from 2019

Benchmarks

See 764 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort764 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$241.41M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

2,455

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

$17.49M

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO6+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$331,902
DIMEO SCHNEIDER & ASSOCIATES LLC6+ years Filed as: DIMEO SCHNEIDER Service code 27 · EIN 36-4001764	Advisory (Plan)	$75,350
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Filed as: PRUDENTIAL RET INS & ANNUITY CO Service code 22 · EIN 06-1050034	Insurance Broker	$18,932
SIKICH LLP5+ years Service code 10 · EIN 36-3168081	Accounting	$18,400
BMO HARRIS BANK NA6+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$446K

$182 / participant

Investment mgmt$75K16.9%
Contract admin$19K4.2%
Other / not subdivided$352K78.9%

% of EOY assets

0.207%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,513

$176,491-61.7%

$95,952-29.6%

$90,288-25.2%

Participation rate

99.1%

86.6%+12.6pp

77.1%+22.1pp

73.4%+25.8pp

Annual return

11.88%

20.14%-8.3pp

91.61%-79.7pp

53.97%-42.1pp

Employer contribution / active EE

$943

$2,789-66.2%

$2,541-62.9%

$2,524-62.7%

Participant deferral / active EE

$4,718

$5,340-11.6%

$4,167+13.2%

$4,232+11.5%

Admin fee / account holder

$140

$154-9.2%

$6,795-97.9%

$114+22.6%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO6+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$331,902

DIMEO SCHNEIDER & ASSOCIATES LLC6+ years

Filed as: DIMEO SCHNEIDER

Service code 27 · EIN 36-4001764

Advisory (Plan)

$75,350

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Filed as: PRUDENTIAL RET INS & ANNUITY CO

Service code 22 · EIN 06-1050034

Insurance Broker

$18,932

SIKICH LLP5+ years

Service code 10 · EIN 36-3168081

Accounting

$18,400

BMO HARRIS BANK NA6+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

MACLEAN-FOGG COMPANY PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACLEAN-FOGG COMPANY PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

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