Retirement plan

FRAUNHOFER USA, INC. 401(A) DC PLAN

Name: FRAUNHOFER USA, INC. - FRAUNHOFER USA, INC. 401(A) DC PLAN (2024) Form 5500
Creator: FRAUNHOFER USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRAUNHOFER USA, INC. 401(A) DC PLAN, FRAUNHOFER USA, INC.

FRAUNHOFER USA, INC.EIN 38-3203030Plan #002PY 2024

44792 HELM STREET - PLYMOUTH, MI 481706080734-354-4332LinkedIn201-500 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$18.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44M

+14.6% from 2023

Total participants

349

-2.5% from 2023

Average account balance

$127,073

+17.2% from 2023

Annual return

15.25%

-2.84 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.97M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

346

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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 3 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC3 years Service code 10 · EIN 33-1498605	Accounting	$16,600
TIAA10+ years Service code 13 · EIN 13-1624203	Contract Administrator	$8,631
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$7,959

Plan features & details

Pension benefit codes2C2F2G3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$36K

$308 / participant

Investment mgmt$8K22.1%
Legal$3K7.9%
Contract admin$9K23.9%
Other / not subdivided$17K46.0%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $16,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,073

$60,393+110.4%

$81,820+55.3%

$74,429+70.7%

Participation rate

97.4%

62.9%+34.5pp

72.4%+25.1pp

67.2%+30.2pp

Annual return

15.25%

16.89%-1.6pp

777.93%-762.7pp

1368.38%-1353.1pp

Employer contribution / active EE

$9,982

$2,626+280.1%

$2,915+242.4%

$2,625+280.3%

Participant deferral / active EE

$3,397-100.0%

$4,323-100.0%

$4,348-100.0%

Admin fee / account holder

$104

$1,491-93.0%

$7,391-98.6%

$1,944-94.6%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC3 years

Service code 10 · EIN 33-1498605

Accounting

$16,600

TIAA10+ years

Service code 13 · EIN 13-1624203

Contract Administrator

$8,631

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$7,959

FRAUNHOFER USA, INC. 401(A) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRAUNHOFER USA, INC. 401(A) DC 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