Retirement plan

MEYER MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Name: MEYER MANUFACTURING CORPORATION - MEYER MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: MEYER MANUFACTURING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEYER MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST, MEYER MANUFACTURING CORPORATION

MEYER MANUFACTURING CORPORATIONEIN 39-1025530Plan #001PY 2016

P.O. BOX 405 - DORCHESTER, WI 54425715-654-5132meyermfg.comLinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.3M

+17.5% from 2015

Total participants

128

-5.2% from 2015

Average account balance

$102,020

+28.1% from 2015

Annual return

10.53%

+12.74 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.81M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

174

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$519

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 2 by compensation

Provider	Service type	Compensation
WIPFLI LLP2+ years Filed as: WIPFLI HEWINS INVESTMENT ADVISORS Service code 26 · EIN 94-3367699	Advisory (Participants)	$41,956
WIPFLI LLP2+ years Filed as: WIPFLI, LLP Service code 15 · EIN 39-0758449	Recordkeeping	$26,742

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$69K

$574 / participant

Investment mgmt$42K60.9%
Contract admin$27K39.1%

% of EOY assets

0.608%

all-in expense ratio

Categories reported

2 / 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: HAWKINS ASH CPAS, LLP
Auditor EIN: 390912608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,020

$60,165+69.6%

$74,184+37.5%

$55,167+84.9%

Participation rate

85.8%

74.2%+11.7pp

76.6%+9.2pp

69.0%+16.8pp

Annual return

10.53%

10.00%+0.5pp

17.74%-7.2pp

169.23%-158.7pp

Employer contribution / active EE

$3,304

$1,600+106.5%

$2,370+39.4%

$1,963+68.3%

Participant deferral / active EE

$4,346

$2,973+46.2%

$3,550+22.4%

$3,054+42.3%

Admin fee / account holder

$621

$419+48.0%

$5,586-88.9%

$504+23.1%

Provider

Service type

Compensation

WIPFLI LLP2+ years

Filed as: WIPFLI HEWINS INVESTMENT ADVISORS

Service code 26 · EIN 94-3367699

Advisory (Participants)

$41,956

WIPFLI LLP2+ years

Filed as: WIPFLI, LLP

Service code 15 · EIN 39-0758449

Recordkeeping

$26,742

MEYER MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEYER MANUFACTURING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

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