Retirement plan

FRAUNHOFER USA, INC. 401(A) DC PLAN

Name: FRAUNHOFER USA, INC. - FRAUNHOFER USA, INC. 401(A) DC PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$17.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$38.4M

+19.5% from 2022

Total participants

358

0.0% from 2022

Average account balance

$108,408

+18.2% from 2022

Annual return

18.10%

+33.36 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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, PLLC2 years Service code 10 · EIN 38-1357951	Accounting	$13,675
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$10,404
TIAA9+ years Service code 13 · EIN 13-1624203	Contract Administrator	$7,569

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

$35K

$297 / participant

Investment mgmt$10K29.7%
Legal$3K9.6%
Contract admin$8K21.6%
Other / not subdivided$14K39.1%

% of EOY assets

0.091%

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: 381357951
Audit fees: $13,675
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,408

$58,312+85.9%

$86,656+25.1%

$71,529+51.6%

Participation rate

96.6%

65.0%+31.6pp

71.7%+24.9pp

67.9%+28.7pp

Annual return

18.10%

24.08%-6.0pp

593.09%-575.0pp

28.97%-10.9pp

Employer contribution / active EE

$8,262

$2,576+220.7%

$3,025+173.1%

$2,590+219.0%

Participant deferral / active EE

$3,439-100.0%

$4,439-100.0%

$4,291-100.0%

Admin fee / account holder

$99

$1,057-90.6%

$5,619-98.2%

$1,588-93.8%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC2 years

Service code 10 · EIN 38-1357951

Accounting

$13,675

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$10,404

TIAA9+ years

Service code 13 · EIN 13-1624203

Contract Administrator

$7,569

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