Retirement plan

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PLAN

Name: THE BOARD OF TRUSTEES OF THE MI GLASS & GLAZING INDUSTRY DC - MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PLAN (2021) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE MI GLASS & GLAZING INDUSTRY DC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PLAN, THE BOARD OF TRUSTEES OF THE MI GLASS & GLAZING INDUSTRY DC

THE BOARD OF TRUSTEES OF THE MI GLASS & GLAZING INDUSTRY DCEIN 38-3257340Plan #003PY 2021

700 TOWER DRIVE SUITE 300 - TROY, MI 480982808248-813-9800

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$25.5M

+29.5% from 2020

Total participants

790

0.0% from 2020

Average account balance

$32,308

+29.5% from 2020

Annual return

33.18%

+27.49 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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.5 years Filed as: BENESYS, INC Service code 15 · EIN 38-2383171	Recordkeeping	$70,745
AMERICAN REALTY ADVISORS2 years Filed as: AMERICAN GRAPHICS Service code 36 34895 GROESBECK HIGHWAY · CLINTON TOWNSHIP, MI 48035	Participant communication; Copying an...	$15,423
WATKINS PAWLICK CALATI & PRIFTI, PC2 years Filed as: WATKINS, PAWLICK, CALATI & PRIFTI Service code 29 1423 EAST 12 MILE ROAD · MADISON HEIGHTS, MI 48071	Legal	$10,869
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY Service code 26 · EIN 13-2655998	Advisory (Participants)	$10,000
WRUBEL WESLEY AND COMPANY C.P.A.'S2 years Filed as: WRUBEL, WESLEY & CO CPAS Service code 10 · EIN 38-2574238	Accounting	$9,600
PNC BANK, N.A.6+ years Filed as: PNC BANK Service code 50 ONE FINANCIAL PARKWAY · KALAMAZOO, MI 490097477	Direct Payment	$5,986

Plan features & details

Pension benefit codes2E2F2G2T2J

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$118K

$163 / participant

Investment mgmt$20K17.2%
Contract admin$49K41.6%
Other / not subdivided$49K41.3%

% of EOY assets

0.463%

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: WRUBEL WESLEY & CO CPAS
Auditor EIN: 382574238
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,308

$78,275-58.7%

$109,188-70.4%

$86,821-62.8%

Participation rate

100.0%

73.8%+26.2pp

75.9%+24.1pp

72.3%+27.7pp

Annual return

33.18%

19.14%+14.0pp

25.76%+7.4pp

97.94%-64.8pp

Employer contribution / active EE

$1,454

$3,105-53.2%

$3,723-60.9%

$2,406-39.6%

Participant deferral / active EE

$13

$3,641-99.6%

$4,654-99.7%

$4,132-99.7%

Admin fee / account holder

$150

$198-24.6%

$6,755-97.8%

$170-11.8%

Provider

Service type

Compensation

BENESYS, INC.5 years

Filed as: BENESYS, INC

Service code 15 · EIN 38-2383171

Recordkeeping

$70,745

AMERICAN REALTY ADVISORS2 years

Filed as: AMERICAN GRAPHICS

Service code 36

34895 GROESBECK HIGHWAY · CLINTON TOWNSHIP, MI 48035

Participant communication; Copying an...

$15,423

WATKINS PAWLICK CALATI & PRIFTI, PC2 years

Filed as: WATKINS, PAWLICK, CALATI & PRIFTI

Service code 29

1423 EAST 12 MILE ROAD · MADISON HEIGHTS, MI 48071

Legal

$10,869

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY

Service code 26 · EIN 13-2655998

Advisory (Participants)

$10,000

WRUBEL WESLEY AND COMPANY C.P.A.'S2 years

Filed as: WRUBEL, WESLEY & CO CPAS

Service code 10 · EIN 38-2574238

Accounting

$9,600

PNC BANK, N.A.6+ years

Filed as: PNC BANK

Service code 50

ONE FINANCIAL PARKWAY · KALAMAZOO, MI 490097477

Direct Payment

$5,986

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN GLASS AND GLAZING INDUSTRY DEFINED CONTRIBUTION 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