Retirement plan

SOUTHERN MINNESOTA TOOLING RETIREMENT PLAN

Name: SOUTHERN MINNESOTA TOOLING - SOUTHERN MINNESOTA TOOLING RETIREMENT PLAN (2019) Form 5500
Creator: SOUTHERN MINNESOTA TOOLING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN MINNESOTA TOOLING RETIREMENT PLAN, SOUTHERN MINNESOTA TOOLING

SOUTHERN MINNESOTA TOOLINGEIN 41-1813637Plan #001PY 2019

1212 NORTH FRONT STREET - NEW ULM, MN 56073507-233-2244southernminnesotatooling.comLinkedIn1-10 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$474K

No prior year

Total participants

No prior year

Average account balance

$36,430

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 21,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,380 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

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.

106.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2363

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,430

$103,392-64.8%

$87,104-58.2%

$152,897-76.2%

Participation rate

85.7%

79.4%+6.4pp

76.9%+8.8pp

82.5%+3.3pp

Annual return

0.00%

28.10%-28.1pp

28.19%-28.2pp

345.43%-345.4pp

Employer contribution / active EE

$3,410

$3,221+5.9%

$2,521+35.2%

$4,764-28.4%

Participant deferral / active EE

$6,725

$4,778+40.7%

$4,048+66.1%

$5,851+14.9%

Admin fee / account holder

$12,194-100.0%

$7,491-100.0%

$11,599-100.0%

SOUTHERN MINNESOTA TOOLING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SOUTHERN MINNESOTA TOOLING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion