Retirement plan

GF MACHINING SOLUTIONS RETIREMENT SAVINGS PLAN

Name: GF MACHINING SOLUTIONS LLC - GF MACHINING SOLUTIONS RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: GF MACHINING SOLUTIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GF MACHINING SOLUTIONS RETIREMENT SAVINGS PLAN, GF MACHINING SOLUTIONS LLC

GF MACHINING SOLUTIONS LLCEIN 38-1574205Plan #001PY 2020

560 BOND STREET - LINCOLNSHIRE, IL 600694224847-913-5300

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$57.1M

+0.7% from 2019

Total participants

298

-5.7% from 2019

Average account balance

$194,895

+5.5% from 2019

Annual return

12.40%

-9.78 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$60.00M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

289

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$60,515
MULTNOMAH GROUP5 years Filed as: MULTNOMAH GROUP INC Service code 28 · EIN 20-0361079	Investment Management	$17,000
SIKICH LLP6+ years Service code 10 · EIN 36-3168081	Accounting	$11,994
TRAVERSE PLANNING4 years Filed as: TRAVERSE PARTNERS LLC Service code 26 · EIN 41-2188524	Advisory (Participants)	$9,824
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage; Float revenue; ...	$180
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$99K

$421 / participant

Investment mgmt$27K27.0%
Other / not subdivided$73K73.0%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$194,895

$81,474+139.2%

$133,956+45.5%

$73,488+165.2%

Participation rate

97.9%

76.4%+21.5pp

79.8%+18.0pp

70.7%+27.2pp

Annual return

12.40%

19.40%-7.0pp

45.09%-32.7pp

28.51%-16.1pp

Employer contribution / active EE

$2,482

$2,209+12.3%

$3,919-36.7%

$2,270+9.3%

Participant deferral / active EE

$8,905

$3,786+135.2%

$5,048+76.4%

$3,740+138.1%

Admin fee / account holder

$339

$713-52.5%

$8,927-96.2%

$513-33.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$60,515

MULTNOMAH GROUP5 years

Filed as: MULTNOMAH GROUP INC

Service code 28 · EIN 20-0361079

Investment Management

$17,000

SIKICH LLP6+ years

Service code 10 · EIN 36-3168081

Accounting

$11,994

TRAVERSE PLANNING4 years

Filed as: TRAVERSE PARTNERS LLC

Service code 26 · EIN 41-2188524

Advisory (Participants)

$9,824

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage; Float revenue; ...

$180

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

GF MACHINING SOLUTIONS RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GF MACHINING SOLUTIONS RETIREMENT SAVINGS 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