Retirement plan

MILTON MANUFACTURING, INC. 401(K) PLAN - UNION

Name: MILTON MANUFACTURING, INC. - MILTON MANUFACTURING, INC. 401(K) PLAN - UNION (2021) Form 5500
Creator: MILTON MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILTON MANUFACTURING, INC. 401(K) PLAN - UNION, MILTON MANUFACTURING, INC.

MILTON MANUFACTURING, INC.EIN 38-2186662Plan #003PY 2021

301 EAST GRIXDALE - DETROIT, MI 48203313-366-2450miltonmfg.comLinkedIn51-200 employeesautomotive

Other plans on this EIN

1 filing

#004Retirement-$3.3M assets

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$1.6M

+1.4% from 2020

Total participants

-51.6% from 2020

Average account balance

$22,955

+128.1% from 2020

Annual return

5.17%

+2.01 pp from 2020

Benchmarks

See 14,568 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,568 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

116.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$270K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3601

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 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576	Claims processing; Custodial (other t...	$16,032

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$319 / participant

Contract admin$20K100.0%

% of EOY assets

1.269%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RINGO & ASSOCIATES, PC
Auditor EIN: 383392086
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,955

$86,294-73.4%

$111,303-79.4%

$85,856-73.3%

Participation rate

90.3%

73.3%+17.0pp

77.3%+13.0pp

69.3%+21.0pp

Annual return

5.17%

19.99%-14.8pp

54.66%-49.5pp

318.58%-313.4pp

Employer contribution / active EE

$575

$2,043-71.9%

$2,731-79.0%

$2,565-77.6%

Participant deferral / active EE

$2,001

$3,641-45.0%

$4,487-55.4%

$3,952-49.4%

Admin fee / account holder

$291

$8,189-96.4%

$7,966-96.3%

$6,261-95.3%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP1 year

Service code 12 · EIN 93-1253576

Claims processing; Custodial (other t...

$16,032

MILTON MANUFACTURING, INC. 401(K) PLAN - UNION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILTON MANUFACTURING, INC. 401(K) PLAN - UNION

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