Retirement plan

DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST

Name: DETROIT FORMING, INC. - DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST (2015) Form 5500
Creator: DETROIT FORMING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST, DETROIT FORMING, INC.

DETROIT FORMING, INC.EIN 38-1680686Plan #002PY 2015

19100 WEST EIGHT MILE ROAD - SOUTHFIELD, MI 480755726248-352-8108detroitforming.comLinkedIn201-500 employeespackaging and containers

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$18.8M

No prior year

Total participants

317

No prior year

Average account balance

$62,119

No prior year

Annual return

-1.68%

No prior year

Benchmarks

See 1,746 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,746 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.33M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

357

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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
GREGORY J SCHWARTZ & COMPANY INC1+ years Filed as: GREGORY J. SCHWARTZ & CO., INC. Service code 15 3707 W MAPLE RD · BLOOMFIELD HILLS, MI 48301	Recordkeeping	$38,642
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$4,295
ADP BROKER-DEALER1+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$216 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.229%

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: FENNER, MELSTROM & DOOLING, PLC
Auditor EIN: 381402622
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,119

$53,412+16.3%

$68,509-9.3%

$52,331+18.7%

Participation rate

92.5%

71.7%+20.8pp

74.7%+17.7pp

68.1%+24.4pp

Annual return

-1.68%

3.42%-5.1pp

8.27%-9.9pp

4.54%-6.2pp

Employer contribution / active EE

$2,849

$1,607+77.3%

$2,278+25.1%

$1,882+51.4%

Participant deferral / active EE

$1,804

$2,688-32.9%

$3,382-46.7%

$3,022-40.3%

Admin fee / account holder

$142

$461-69.1%

$5,275-97.3%

$592-76.0%

Provider

Service type

Compensation

GREGORY J SCHWARTZ & COMPANY INC1+ years

Filed as: GREGORY J. SCHWARTZ & CO., INC.

Service code 15

3707 W MAPLE RD · BLOOMFIELD HILLS, MI 48301

Recordkeeping

$38,642

ADP BROKER-DEALER1+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$4,295

ADP BROKER-DEALER1+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DETROIT FORMING, INC. EMPLOYEES' RETIREMENT BENEFIT PLAN & 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