Retirement plan

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PENSION PLAN

Name: THE BOARD OF TRUSTEES OF THE MICHIGAN GLASS AND GLAZING - MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PENSION PLAN (2016) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE MICHIGAN GLASS AND GLAZING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PENSION PLAN, THE BOARD OF TRUSTEES OF THE MICHIGAN GLASS AND GLAZING

THE BOARD OF TRUSTEES OF THE MICHIGAN GLASS AND GLAZINGdba INDUSTRY DEFINED CONTRIBUTIONEIN 38-3257340Plan #003PY 2016

700 TOWER DRIVE, SUITE 300 - TROY, MI 48098248-813-9800

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$14.5M

No prior year

Total participants

816

No prior year

Average account balance

$17,721

No prior year

Annual return

-2.99%

No prior year

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.37M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

742

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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
BENESYS, INC.1+ years Filed as: BENESYS,INC. Service code 15 · EIN 38-2383171 700 TOWER DRIVE · TROY, MI 480982808	Recordkeeping	$54,435
SCHREIBER ADVISORS P.C1+ years Filed as: SCHREIBER ADVISORS, P.C. Service code 10 · EIN 46-1282767 888 W BIG BEAVER, STE 888 · TROY, MI 48084	Accounting	$10,895
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INVESTMENTS Service code 19 · EIN 04-3275867 100 CROSBY PARKWAY · COVINGTON, KY 41015	Securities Custodian	$10,708
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 26 · EIN 13-2655998 220 PARK ST, STE 220 · BIRMINGHAM, MI 48009	Advisory (Participants)	$10,000
PNC BANK, N.A.1+ years Filed as: PNC BANK Service code 18 · EIN 25-1435979 ONE FINANCIAL PARKWAY · KALAMAZOO, MI 49009	Custodial (other than securities); Di...	$7,509
SACHS WALDMAN PROFESSIONAL CORP.1+ years Filed as: SACHS WALDMAN, P.C. Service code 29 · EIN 38-1905521 1423 EAST TWELVE MILE RD · MADISON HEIGHTS, MI 48071	Legal	$5,342

Plan features & details

Pension benefit codes2E2F2G2T

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.
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 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

$105K

$135 / participant

Investment mgmt$10K9.5%
Contract admin$54K51.7%
Other / not subdivided$41K38.8%

% of EOY assets

0.728%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHREIBER ADVISORS, P.C.
Auditor EIN: 461282767
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,721

$57,921-69.4%

$84,753-79.1%

$57,658-69.3%

Participation rate

100.0%

72.9%+27.1pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

-2.99%

10.24%-13.2pp

22.78%-25.8pp

5.13%-8.1pp

Employer contribution / active EE

$1,192

$2,598-54.1%

$3,574-66.7%

$1,974-39.6%

Participant deferral / active EE

$2,742-100.0%

$3,712-100.0%

$3,061-100.0%

Admin fee / account holder

$129

$130-0.5%

$5,333-97.6%

$95+36.5%

Provider

Service type

Compensation

BENESYS, INC.1+ years

Filed as: BENESYS,INC.

Service code 15 · EIN 38-2383171

700 TOWER DRIVE · TROY, MI 480982808

Recordkeeping

$54,435

SCHREIBER ADVISORS P.C1+ years

Filed as: SCHREIBER ADVISORS, P.C.

Service code 10 · EIN 46-1282767

888 W BIG BEAVER, STE 888 · TROY, MI 48084

Accounting

$10,895

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INVESTMENTS

Service code 19 · EIN 04-3275867

100 CROSBY PARKWAY · COVINGTON, KY 41015

Securities Custodian

$10,708

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 26 · EIN 13-2655998

220 PARK ST, STE 220 · BIRMINGHAM, MI 48009

Advisory (Participants)

$10,000

PNC BANK, N.A.1+ years

Filed as: PNC BANK

Service code 18 · EIN 25-1435979

ONE FINANCIAL PARKWAY · KALAMAZOO, MI 49009

Custodial (other than securities); Di...

$7,509

SACHS WALDMAN PROFESSIONAL CORP.1+ years

Filed as: SACHS WALDMAN, P.C.

Service code 29 · EIN 38-1905521

1423 EAST TWELVE MILE RD · MADISON HEIGHTS, MI 48071

Legal

$5,342

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PENSION 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