Retirement plan

DETROIT FLAME HARDENING COMPANY EMPLOYEES' 401(K) PROFIT SHARING TRUST

Name: DETROIT FLAME HARDENING COMPANY - DETROIT FLAME HARDENING COMPANY EMPLOYEES' 401(K) PROFIT SHARING TRUST (2020) Form 5500
Creator: DETROIT FLAME HARDENING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DETROIT FLAME HARDENING COMPANY EMPLOYEES' 401(K) PROFIT SHARING TRUST, DETROIT FLAME HARDENING COMPANY

DETROIT FLAME HARDENING COMPANYEIN 38-1437356Plan #002PY 2020

43554 RIVER BEND BLVD - CLINTON TWP, MI 48038586-484-1726LinkedIn11-50 employeesconsumer goods

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

-5.2% from 2019

Total participants

0.0% from 2019

Average account balance

$196,570

+8.3% from 2019

Annual return

4.30%

-4.29 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

$1.11M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25611

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 codes2E2F2G2J2T3H3D

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.
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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$495K

$21522 / participant

Other / not subdivided$495K100.0%

% of EOY assets

11.992%

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

$196,570

$112,131+75.3%

$95,964+104.8%

$158,982+23.6%

Participation rate

78.3%

79.0%-0.7pp

77.1%+1.2pp

82.0%-3.7pp

Annual return

4.30%

171.19%-166.9pp

91.64%-87.3pp

302.99%-298.7pp

Employer contribution / active EE

$3,199-100.0%

$2,541-100.0%

$4,763-100.0%

Participant deferral / active EE

$3,428

$4,784-28.3%

$4,167-17.7%

$5,983-42.7%

Admin fee / account holder

$23,572

$10,136+132.6%

$6,797+246.8%

$11,252+109.5%

DETROIT FLAME HARDENING COMPANY EMPLOYEES' 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DETROIT FLAME HARDENING COMPANY EMPLOYEES' 401(K) PROFIT SHARING TRUST

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