Retirement plan

INTL ASSOC MACH 2848 DEF BEN PEN PL

Name: INTL ASSOC MACH 2848 DEF BEN PEN PL - INTL ASSOC MACH 2848 DEF BEN PEN PL (2018) Form 5500
Creator: INTL ASSOC MACH 2848 DEF BEN PEN PL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTL ASSOC MACH 2848 DEF BEN PEN PL, INTL ASSOC MACH 2848 DEF BEN PEN PL

INTL ASSOC MACH 2848 DEF BEN PEN PLEIN 38-6121306Plan #001PY 2018

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

Prospect flagsHigh retiree %High cashWind-down / frozen

How to read this page

Total assets (EOY)

$353K

+4.4% from 2017

Total participants

1,267

-4.1% from 2017

Average account balance

No prior year

Annual return

496.52%

-17.76 pp from 2017

Benchmarks

See 1,654 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants<25

Cohort1,654 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$317K

Not enough data

1 years with asset history on file

Average account balance

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

$291

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.

1,088

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+321.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 4 by compensation

Provider	Service type	Compensation
BENESYS, INC.3+ years Filed as: BENESYS INC. Service code 13 · EIN 38-2383171	Contract Administrator	$48,318
LARRY MAGARIK, ESQ2 years Filed as: LARRY MAGARIK ESQ. Service code 29 113 UNIVERSITY PLACE 7TH FLOOR · NEW YORK, NY 100034527	Legal	$14,455
BENESYS, INC.1 year Filed as: UNITED ACTUARIAL SERVICES INC. Service code 11 11590 NORTH MERIDIAN SUITE 610 · CARMEL, IN 460324529	Actuarial	$8,172
WRUBEL WESLEY AND COMPANY C.P.A.'S3+ years Service code 10 · EIN 38-2574238	Accounting	$6,650

Plan features & details

Pension benefit codes1H

Plan features

1H
PBGC terminated and closed out plan
Plan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).

Opportunity flags

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$87K

Contract admin$43K49.5%
Other / not subdivided$44K50.5%

% of EOY assets

24.788%

all-in expense ratio

Categories reported

1 / 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 AND COMPANY C.P.A.'S
Auditor EIN: 382574238
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,587-100.0%

$157,466-100.0%

$233,076-100.0%

Participation rate

0.0%

34.7%-34.7pp

11.9%-11.9pp

46.4%-46.4pp

Annual return

496.52%

-5.34%+501.9pp

12.68%+483.8pp

-82.67%+579.2pp

Employer contribution / active EE

$31,322-100.0%

$22,860-100.0%

$43,771-100.0%

Participant deferral / active EE

$98-100.0%

$123-100.0%

$103-100.0%

Admin fee / account holder

$3,068-100.0%

$2,825-100.0%

$11,204-100.0%

Provider

Service type

Compensation

BENESYS, INC.3+ years

Filed as: BENESYS INC.

Service code 13 · EIN 38-2383171

Contract Administrator

$48,318

LARRY MAGARIK, ESQ2 years

Filed as: LARRY MAGARIK ESQ.

Service code 29

113 UNIVERSITY PLACE 7TH FLOOR · NEW YORK, NY 100034527

Legal

$14,455

BENESYS, INC.1 year

Filed as: UNITED ACTUARIAL SERVICES INC.

Service code 11

11590 NORTH MERIDIAN SUITE 610 · CARMEL, IN 460324529

Actuarial

$8,172

WRUBEL WESLEY AND COMPANY C.P.A.'S3+ years

Service code 10 · EIN 38-2574238

Accounting

$6,650

INTL ASSOC MACH 2848 DEF BEN PEN PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTL ASSOC MACH 2848 DEF BEN PEN PL

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