Retirement plan

MARMON EMPLOYEES' RETIREMENT PLAN

Name: MARMON HOLDINGS, INC - MARMON EMPLOYEES' RETIREMENT PLAN (2023) Form 5500
Creator: MARMON HOLDINGS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARMON EMPLOYEES' RETIREMENT PLAN, MARMON HOLDINGS, INC

MARMON HOLDINGS, INCEIN 36-3104690Plan #001PY 2023

181 W MADISON STREET, SUITE 3900 - CHICAGO, IL 60602312-372-9500marmon.comLinkedIn10001+ employeesmechanical or industrial engineering

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed June 6, 2008 (most recent of 19 filings on file)

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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Total assets (EOY)

$1400.5M

-1.0% from 2016

Total participants

19,331

-2.5% from 2016

Average account balance

$83,431

+1.0% from 2016

Annual return

25.01%

-6.87 pp from 2016

Benchmarks

See 93 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort93 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.69B

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

19,735

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129.07M

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

+24.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 · EIN 84-0467907	Recordkeeping	$791,170
ERNST & YOUNG LLP1 year Filed as: ERNST & YOUNG US LLP Service code 50 PITTSBG NTNL BNK PITT 640382 · PITTSBURGH, PA 152640382	Direct Payment	$124,148
THOMPSON COBURN LLP1 year Service code 29 ONE US BANK PLAZA · ST LOUIS, MO 63101	Legal	$48,107
PLANTE & MORAN, PLLC9+ years Service code 10 · EIN 38-1357951	Accounting	$17,800
NEAL FINANCIAL GROUP, LP1 year Filed as: NEAL GERBER & EISENBERG LLP Service code 29 28987 NETWORK PL · CHICAGO, IL 606731289	Legal	$5,288

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

4 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.
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

$989K

$82 / participant

Recordkeeping$791K80.0%
Legal$53K5.4%
Other / not subdivided$145K14.6%

% of EOY assets

0.071%

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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: $141,948
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,431

$161,802-48.4%

$96,564-13.6%

$96,393-13.4%

Participation rate

78.9%

92.5%-13.6pp

76.0%+2.9pp

71.3%+7.6pp

Annual return

25.01%

18.41%+6.6pp

25.89%-0.9pp

22.88%+2.1pp

Employer contribution / active EE

$4,687

$5,381-12.9%

$2,967+58.0%

$3,239+44.7%

Participant deferral / active EE

$4,221

$8,927-52.7%

$4,852-13.0%

$5,455-22.6%

Admin fee / account holder

$59

$61-3.2%

$8,256-99.3%

$74-20.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15 · EIN 84-0467907

Recordkeeping

$791,170

ERNST & YOUNG LLP1 year

Filed as: ERNST & YOUNG US LLP

Service code 50

PITTSBG NTNL BNK PITT 640382 · PITTSBURGH, PA 152640382

Direct Payment

$124,148

THOMPSON COBURN LLP1 year

Service code 29

ONE US BANK PLAZA · ST LOUIS, MO 63101

Legal

$48,107

PLANTE & MORAN, PLLC9+ years

Service code 10 · EIN 38-1357951

Accounting

$17,800

NEAL FINANCIAL GROUP, LP1 year

Filed as: NEAL GERBER & EISENBERG LLP

Service code 29

28987 NETWORK PL · CHICAGO, IL 606731289

Legal

$5,288

MARMON EMPLOYEES' RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARMON EMPLOYEES' RETIREMENT 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