Retirement plan

FUTURAMIC TOOL & ENGINEERING COMPANY 401(K) RETIREMENT PLAN

Name: FUTURAMIC TOOL & ENGINEERING COMPANY - FUTURAMIC TOOL & ENGINEERING COMPANY 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: FUTURAMIC TOOL & ENGINEERING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FUTURAMIC TOOL & ENGINEERING COMPANY 401(K) RETIREMENT PLAN, FUTURAMIC TOOL & ENGINEERING COMPANY

FUTURAMIC TOOL & ENGINEERING COMPANYEIN 38-1528262Plan #002PY 2019

24680 GIBSON DR - WARREN, MI 480894313586-497-8850

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$31M

+21.4% from 2018

Total participants

257

-4.8% from 2018

Average account balance

$151,751

+28.0% from 2018

Annual return

21.72%

+27.67 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.82M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

184

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$176

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
AXA EQUITABLE LIFE INSURANCE CO5+ years Filed as: AXA ADVISORS LLC Service code 27 · EIN 13-4078005	Advisory (Plan)	$49,658
KESTRA INVESTMENT SERVICES LLC1 year Service code 27 · EIN 35-2552359	Advisory (Plan)	$17,561
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,831

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.)
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

$70K

$303 / participant

Other / not subdivided$70K100.0%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,751

$65,378+132.1%

$87,103+74.2%

$65,186+132.8%

Participation rate

77.1%

75.3%+1.7pp

76.9%+0.2pp

70.2%+6.9pp

Annual return

21.72%

31.28%-9.6pp

28.19%-6.5pp

29.39%-7.7pp

Employer contribution / active EE

$1,287

$1,823-29.4%

$2,521-49.0%

$2,177-40.9%

Participant deferral / active EE

$5,931

$3,389+75.0%

$4,049+46.5%

$3,514+68.8%

Admin fee / account holder

$344

$520-33.9%

$7,491-95.4%

$847-59.5%

Provider

Service type

Compensation

AXA EQUITABLE LIFE INSURANCE CO5+ years

Filed as: AXA ADVISORS LLC

Service code 27 · EIN 13-4078005

Advisory (Plan)

$49,658

KESTRA INVESTMENT SERVICES LLC1 year

Service code 27 · EIN 35-2552359

Advisory (Plan)

$17,561

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,831

FUTURAMIC TOOL & ENGINEERING COMPANY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUTURAMIC TOOL & ENGINEERING COMPANY 401(K) RETIREMENT 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