Retirement plan

AXIOS INCORPORATED MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN AND TRUST

Name: AXIOS INCORPORATED - AXIOS INCORPORATED MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN AND TRUST (2019) Form 5500
Creator: AXIOS INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXIOS INCORPORATED MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN AND TRUST, AXIOS INCORPORATED

AXIOS INCORPORATEDEIN 38-3043089Plan #002PY 2019

528 4TH STREET - GRAND RAPIDS, MI 49504616-949-2525

Prospect flagsLow returnsLow participation

Top hat statement on fileNQDC

Filed February 27, 2024 (most recent of 2 filings on file)

Plan administrator

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5500 Cascade Rd SE, Ste 200

Grand Rapids, MI 49546

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Plans declared (1)

RedWater, Inc. Stock Appreciation Rights Plan6 emp

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Total assets (EOY)

$29.4M

-10.9% from 2018

Total participants

2,155

-9.8% from 2018

Average account balance

$31,831

+12.2% from 2018

Annual return

-7.54%

-1.73 pp from 2018

Benchmarks

See 291 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort291 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.39M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

1,516

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.

18.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 49 · EIN 04-1590850	Other Services	$90,073
PLANTE & MORAN, PLLC3 years Filed as: PLANTE MORAN FINANCIAL ADVISOR Service code 27 · EIN 38-1357951	Advisory (Plan)	$15,540
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FEDERATED1 year Service code 52 · EIN 25-1412886	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 52 · EIN 04-3279774	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MAINSTAY1 year Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$106K

$54 / participant

Investment mgmt$83K78.2%
Contract admin$23K21.3%
Other / not subdivided$5630.5%

% of EOY assets

0.359%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,831

$41,617-23.5%

$84,637-62.4%

$77,775-59.1%

Participation rate

36.6%

45.0%-8.4pp

68.2%-31.6pp

73.2%-36.6pp

Annual return

-7.54%

24.97%-32.5pp

258.82%-266.4pp

32.58%-40.1pp

Employer contribution / active EE

$520

$1,061-51.0%

$2,653-80.4%

$2,504-79.2%

Participant deferral / active EE

$1,178

$2,129-44.7%

$3,900-69.8%

$3,966-70.3%

Admin fee / account holder

$114

$121-5.5%

$4,914-97.7%

$100+14.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 49 · EIN 04-1590850

Other Services

$90,073

PLANTE & MORAN, PLLC3 years

Filed as: PLANTE MORAN FINANCIAL ADVISOR

Service code 27 · EIN 38-1357951

Advisory (Plan)

$15,540

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FEDERATED1 year

Service code 52 · EIN 25-1412886

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 52-2257782

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-3279774

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MAINSTAY1 year

Service code 52 · EIN 52-2206685

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4597302

Indirect Investment Fees

AXIOS INCORPORATED MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXIOS INCORPORATED MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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