Retirement plan

CAT-I MANUFACTURING 401(K) PLAN

Name: CAT-I MANUFACTURING, INC. - CAT-I MANUFACTURING 401(K) PLAN (2022) Form 5500
Creator: CAT-I MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAT-I MANUFACTURING 401(K) PLAN, CAT-I MANUFACTURING, INC.

CAT-I MANUFACTURING, INC.EIN 36-4046855Plan #001PY 2022

PO BOX 208 865 COMMERCE DRIVE - SOUTH ELGIN, IL 60177847-931-8986LinkedIn1-10 employeesglass, ceramics & concrete

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.4M

-20.8% from 2021

Total participants

161

-4.7% from 2021

Average account balance

$50,247

-22.6% from 2021

Annual return

-14.72%

-31.73 pp from 2021

Benchmarks

See 1,871 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,871 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.69M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$493K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6586

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

Top 7 by compensation

Provider	Service type	Compensation
HUNTER BENEFITS CONSULTING GROUP1 year Filed as: HUNTER BENEFITS CONSULTING GROUP IN Service code 13	Contract Administrator	$14,760
EDWARD JONES1 year Service code 27 · EIN 43-0345811	Advisory (Plan)	$10,281
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$1,982
HUNTER BENEFITS CONSULTING GROUP1 year Service code 13 · EIN 36-4430093	Contract Administrator	$950
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTEMENT MGMT LLC Service code 26	Advisory (Participants)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 64 · EIN 36-4317381	Recordkeeping Fees	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$98 / participant

Investment mgmt$10K77.8%
Contract admin$3K22.2%

% of EOY assets

0.302%

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: DIGIOVINE HNILO JORDAN + JOHNSON
Auditor EIN: 363029663
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,247

$72,639-30.8%

$90,766-44.6%

$66,949-24.9%

Participation rate

45.2%

73.7%-28.5pp

75.7%-30.5pp

69.8%-24.6pp

Annual return

-14.72%

-12.28%-2.4pp

-12.16%-2.6pp

1.57%-16.3pp

Employer contribution / active EE

$1,319

$2,369-44.3%

$2,922-54.9%

$2,545-48.2%

Participant deferral / active EE

$2,254

$3,979-43.4%

$4,565-50.6%

$4,239-46.8%

Admin fee / account holder

$152

$708-78.5%

$8,446-98.2%

$594-74.4%

Provider

Service type

Compensation

HUNTER BENEFITS CONSULTING GROUP1 year

Filed as: HUNTER BENEFITS CONSULTING GROUP IN

Service code 13

Contract Administrator

$14,760

EDWARD JONES1 year

Service code 27 · EIN 43-0345811

Advisory (Plan)

$10,281

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,982

HUNTER BENEFITS CONSULTING GROUP1 year

Service code 13 · EIN 36-4430093

Contract Administrator

$950

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTEMENT MGMT LLC

Service code 26

Advisory (Participants)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 64 · EIN 36-4317381

Recordkeeping Fees

WILSHIRE ASSOCIATES INCORPORATED2 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

CAT-I MANUFACTURING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAT-I MANUFACTURING 401(K) 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