Retirement plan

MARTIN FLUID POWER COMPANY 401(K) PROFIT SHARING PLAN & TRUST

Name: MARTIN FLUID POWER COMPANY - MARTIN FLUID POWER COMPANY 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: MARTIN FLUID POWER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN FLUID POWER COMPANY 401(K) PROFIT SHARING PLAN & TRUST, MARTIN FLUID POWER COMPANY

MARTIN FLUID POWER COMPANYEIN 38-2143891Plan #001PY 2020

900 E. WHITCOMB - MADISON HEIGHTS, MI 48071248-585-8170mfpseals.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.1M

+16.1% from 2019

Total participants

107

-6.1% from 2019

Average account balance

$48,331

+17.4% from 2019

Annual return

14.45%

-5.82 pp from 2019

Benchmarks

See 9,208 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,208 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.83M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

162.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1986

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$1,893
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON FUNDS Service code 28 · EIN 75-2401150	Investment Management	$0
AMERICAN CENTURY1 year Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28 · EIN 20-0623152	Investment Management	$0
AMERICAN FUNDS1 year Service code 28 · EIN 95-1411037	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
FRANKLIN TEMPLETON1 year Service code 28 · EIN 13-2670991	Investment Management	$0
IVY FUNDS1 year Service code 28 · EIN 04-6006759	Investment Management	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK FUNDS Service code 28 · EIN 04-3483032	Investment Management	$0
LEGG MASON1 year Filed as: LEGGMASON Service code 28 · EIN 52-1200960	Investment Management	$0

Plan features & details

Pension benefit codes2E2G2J2T3D2F2K

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$25 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: SLONIKER & WOODGATE P.C.
Auditor EIN: 371458495
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,331

$91,559-47.2%

$133,959-63.9%

$79,858-39.5%

Participation rate

70.7%

73.3%-2.7pp

79.8%-9.2pp

69.6%+1.0pp

Annual return

14.45%

61.85%-47.4pp

45.09%-30.6pp

31.72%-17.3pp

Employer contribution / active EE

$186

$2,384-92.2%

$3,919-95.2%

$2,471-92.5%

Participant deferral / active EE

$1,862

$3,734-50.1%

$5,047-63.1%

$3,740-50.2%

Admin fee / account holder

$22

$6,321-99.6%

$8,928-99.8%

$5,306-99.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$1,893

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON FUNDS

Service code 28 · EIN 75-2401150

Investment Management

AMERICAN CENTURY1 year

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28 · EIN 20-0623152

Investment Management

AMERICAN FUNDS1 year

Service code 28 · EIN 95-1411037

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

FRANKLIN TEMPLETON1 year

Service code 28 · EIN 13-2670991

Investment Management

IVY FUNDS1 year

Service code 28 · EIN 04-6006759

Investment Management

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK FUNDS

Service code 28 · EIN 04-3483032

Investment Management

LEGG MASON1 year

Filed as: LEGGMASON

Service code 28 · EIN 52-1200960

Investment Management

MARTIN FLUID POWER COMPANY 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN FLUID POWER COMPANY 401(K) PROFIT SHARING 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