Retirement plan

YAREMA DIE & ENGINEERING CO. EMPLOYEES PROFIT SHARING & SAVINGS PLAN

Name: YAREMA DIE & ENGINEERING CO. - YAREMA DIE & ENGINEERING CO. EMPLOYEES PROFIT SHARING & SAVINGS PLAN (2018) Form 5500
Creator: YAREMA DIE & ENGINEERING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YAREMA DIE & ENGINEERING CO. EMPLOYEES PROFIT SHARING & SAVINGS PLAN, YAREMA DIE & ENGINEERING CO.

YAREMA DIE & ENGINEERING CO.EIN 38-1684339Plan #002PY 2018

300 MINNESOTA - TROY, MI 48083248-597-4563LinkedIn51-200 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.9M

-6.6% from 2017

Total participants

119

+3.5% from 2017

Average account balance

$135,069

-11.6% from 2017

Annual return

-5.27%

-25.68 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.17M

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

137.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$294K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15056

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

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3+ years Service code 27 75 STATE STREET · BOSTON, MA 02109	Advisory (Plan)	$23,587
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$12,302
SUMMIT FINANCIAL GROUP INC1 year Filed as: SUMMIT FINANCIAL GROUP Service code 27 6521 CITATION DRIVE · CLARKSTON, MI 48346	Advisory (Plan)	$8,179
DOEREN MAYHEW3+ years Filed as: DOEREN MAYHEW & CO., PC Service code 10 305 W. BIG BEAVER RD · TROY, MI 48084	Accounting	$5,522

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$50K

$577 / participant

Investment mgmt$32K64.1%
Contract admin$12K24.8%
Other / not subdivided$6K11.1%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

2 / 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: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,069

$62,583+115.8%

$76,767+75.9%

$64,173+110.5%

Participation rate

89.5%

72.8%+16.7pp

77.0%+12.6pp

69.6%+20.0pp

Annual return

-5.27%

-1.95%-3.3pp

2.43%-7.7pp

7.63%-12.9pp

Employer contribution / active EE

$1,598

$1,832-12.8%

$2,485-35.7%

$2,381-32.9%

Participant deferral / active EE

$5,180

$3,145+64.7%

$3,852+34.5%

$3,470+49.3%

Admin fee / account holder

$451

$4,667-90.3%

$6,675-93.2%

$4,887-90.8%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Service code 27

75 STATE STREET · BOSTON, MA 02109

Advisory (Plan)

$23,587

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$12,302

SUMMIT FINANCIAL GROUP INC1 year

Filed as: SUMMIT FINANCIAL GROUP

Service code 27

6521 CITATION DRIVE · CLARKSTON, MI 48346

Advisory (Plan)

$8,179

DOEREN MAYHEW3+ years

Filed as: DOEREN MAYHEW & CO., PC

Service code 10

305 W. BIG BEAVER RD · TROY, MI 48084

Accounting

$5,522

YAREMA DIE & ENGINEERING CO. EMPLOYEES PROFIT SHARING & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YAREMA DIE & ENGINEERING CO. EMPLOYEES PROFIT SHARING & 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