Retirement plan

SUNSET RETIREMENT PLAN

Name: MITOTEC PRECISION - SUNSET RETIREMENT PLAN (2020) Form 5500
Creator: MITOTEC PRECISION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNSET RETIREMENT PLAN, MITOTEC PRECISION

MITOTEC PRECISIONEIN 39-1023152Plan #001PY 2020

1301 PRECISION PARKWAY - NECEDAH, WI 54646608-565-2206mitotecprecision.comLinkedIn11-50 employeesmachinery

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$8.8M

+13.0% from 2019

Total participants

127

+0.8% from 2019

Average account balance

$76,804

+11.0% from 2019

Annual return

15.41%

-5.30 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.72M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

122

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$579K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12673

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

0 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
PRIVATE ADVISOR GROUP LLC3 years Filed as: PRIVATE ADVISOR GROUP Service code 27 65 MADISON AV STE 300 · MORRISTOWN, NJ 07960	Advisory (Plan)	$25,251
PREMIER RETIREMENT PARTNERS2 years Service code 13 8040 EXCELSIOR DRIVE · MADISON, WA 53717	Contract Administrator	$1,340
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$1,138

Plan features & details

Pension benefit codes2E2F2G2J2K3D2S2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$270 / participant

Investment mgmt$25K92.7%
Other / not subdivided$2K7.3%

% of EOY assets

0.311%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,804

$73,638+4.3%

$95,964-20.0%

$73,497+4.5%

Participation rate

87.1%

76.2%+11.0pp

77.1%+10.0pp

70.7%+16.4pp

Annual return

15.41%

16.78%-1.4pp

91.64%-76.2pp

28.51%-13.1pp

Employer contribution / active EE

$837

$1,863-55.1%

$2,541-67.1%

$2,270-63.1%

Participant deferral / active EE

$3,757

$3,617+3.9%

$4,167-9.8%

$3,740+0.4%

Admin fee / account holder

$239

$482-50.5%

$6,797-96.5%

$513-53.4%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC3 years

Filed as: PRIVATE ADVISOR GROUP

Service code 27

65 MADISON AV STE 300 · MORRISTOWN, NJ 07960

Advisory (Plan)

$25,251

PREMIER RETIREMENT PARTNERS2 years

Service code 13

8040 EXCELSIOR DRIVE · MADISON, WA 53717

Contract Administrator

$1,340

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$1,138

SUNSET RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNSET RETIREMENT 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