Retirement plan

TRAM, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: TRAM, INC. - TRAM, INC. 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: TRAM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRAM, INC. 401(K) RETIREMENT SAVINGS PLAN, TRAM, INC.

TRAM, INC.EIN 38-2674223Plan #001PY 2016

47200 PORT STREET - PLYMOUTH, MI 48170734-254-8673LinkedIn1001-5000 employeesautomotive

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$82.7M

+17.3% from 2015

Total participants

2,287

+7.5% from 2015

Average account balance

$37,680

+7.8% from 2015

Annual return

9.20%

+8.38 pp from 2015

Benchmarks

See 780 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort780 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$148.71M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

1,664

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Account maintenance fees; Distributio...	$191,152
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 16 · EIN 34-1542819	Consulting	$141,248
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN Service code 10 · EIN 38-1357951	Accounting	$13,800
MID ATLANTIC CAPITAL CORPORATION2+ years Service code 33	Securities brokerage commissions and ...	$0
MID ATLANTIC CAPITAL CORPORATION2+ years Filed as: MID ATLANTIC CAPTIAL CORPORATION Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$356K

$184 / participant

Investment mgmt$141K39.6%
Other / not subdivided$215K60.4%

% of EOY assets

0.431%

all-in expense ratio

Categories reported

1 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,680

$80,211-53.0%

$74,184-49.2%

$63,975-41.1%

Participation rate

95.3%

84.2%+11.1pp

76.6%+18.6pp

71.1%+24.1pp

Annual return

9.20%

14.13%-4.9pp

17.74%-8.5pp

48.65%-39.4pp

Employer contribution / active EE

$2,000

$2,553-21.7%

$2,370-15.6%

$2,182-8.3%

Participant deferral / active EE

$3,206

$4,370-26.6%

$3,550-9.7%

$3,356-4.5%

Admin fee / account holder

$162

$67+141.7%

$5,586-97.1%

$70+130.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Account maintenance fees; Distributio...

$191,152

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 16 · EIN 34-1542819

Consulting

$141,248

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN

Service code 10 · EIN 38-1357951

Accounting

$13,800

MID ATLANTIC CAPITAL CORPORATION2+ years

Service code 33

Securities brokerage commissions and ...

MID ATLANTIC CAPITAL CORPORATION2+ years

Filed as: MID ATLANTIC CAPTIAL CORPORATION

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

TRAM, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRAM, INC. 401(K) 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