Retirement plan

DELTA MODTECH 401(K) PLAN

Name: DELTA INDUSTRIAL, INC. D/B/A DELTA MODTECH - DELTA MODTECH 401(K) PLAN (2020) Form 5500
Creator: DELTA INDUSTRIAL, INC. D/B/A DELTA MODTECH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DELTA MODTECH 401(K) PLAN, DELTA INDUSTRIAL, INC. D/B/A DELTA MODTECH

DELTA INDUSTRIAL, INC. D/B/A DELTA MODTECHEIN 41-1308319Plan #001PY 2020

11501 EAGLE STREET NW - COON RAPIDS, MN 55448763-755-7744

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$24.8M

+16.0% from 2019

Total participants

177

+12.0% from 2019

Average account balance

$141,898

+3.4% from 2019

Annual return

11.17%

+9.25 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

$44.43M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

299

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$413

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
KEYSTONE WEALTH ADVISORS INC1 year Service code 27 · EIN 27-2300847	Advisory (Plan)	$51,366
BOYUM & BARENSCHEER PLLP1 year Filed as: BOYUM BARENSCHEER Service code 10 · EIN 41-6192096	Accounting	$7,850
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,442
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$6,096

Plan features & details

Pension benefit codes2F2G2J2K2S2T2E3D3H

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$454 / participant

Investment mgmt$6K9.0%
Other / not subdivided$65K91.0%

% of EOY assets

0.289%

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: BOYUM & BARENSCHEER, PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,898

$73,638+92.7%

$95,960+47.9%

$73,493+93.1%

Participation rate

98.7%

76.2%+22.6pp

77.1%+21.7pp

70.7%+28.1pp

Annual return

11.17%

16.78%-5.6pp

91.63%-80.5pp

28.51%-17.3pp

Employer contribution / active EE

$3,882

$1,863+108.4%

$2,541+52.8%

$2,270+71.0%

Participant deferral / active EE

$6,312

$3,617+74.5%

$4,167+51.5%

$3,740+68.8%

Admin fee / account holder

$410

$482-14.9%

$6,797-94.0%

$513-20.1%

Provider

Service type

Compensation

KEYSTONE WEALTH ADVISORS INC1 year

Service code 27 · EIN 27-2300847

Advisory (Plan)

$51,366

BOYUM & BARENSCHEER PLLP1 year

Filed as: BOYUM BARENSCHEER

Service code 10 · EIN 41-6192096

Accounting

$7,850

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,442

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$6,096

DELTA MODTECH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DELTA MODTECH 401(K) 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