Retirement plan

TOMENSON MACHINE WORKS POST PRODUCTION 401K PLAN

Name: TOMENSON MACHINE WORKS, INC. - TOMENSON MACHINE WORKS POST PRODUCTION 401K PLAN (2020) Form 5500
Creator: TOMENSON MACHINE WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOMENSON MACHINE WORKS POST PRODUCTION 401K PLAN, TOMENSON MACHINE WORKS, INC.

TOMENSON MACHINE WORKS, INC.EIN 36-4056804Plan #003PY 2020

1150 POWIS ROAD - WEST CHICAGO, IL 60185630-584-1755tomenson.comLinkedIn51-200 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$223K

+13.0% from 2019

Total participants

-21.1% from 2019

Average account balance

$8,575

+26.1% from 2019

Annual return

9.59%

-6.69 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-122.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

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.
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 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

$57K

$2839 / participant

Other / not subdivided$57K100.0%

% of EOY assets

25.466%

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

$8,575

$112,131-92.4%

$95,964-91.1%

$158,982-94.6%

Participation rate

80.0%

79.0%+1.0pp

77.1%+2.9pp

82.0%-2.0pp

Annual return

9.59%

171.19%-161.6pp

91.64%-82.1pp

302.99%-293.4pp

Employer contribution / active EE

$1,232

$3,199-61.5%

$2,541-51.5%

$4,763-74.1%

Participant deferral / active EE

$1,522

$4,784-68.2%

$4,167-63.5%

$5,983-74.6%

Admin fee / account holder

$2,184

$10,136-78.5%

$6,797-67.9%

$11,252-80.6%

TOMENSON MACHINE WORKS POST PRODUCTION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOMENSON MACHINE WORKS POST PRODUCTION 401K 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