Retirement plan

MECHDYNE CORPORATION 401(K) PLAN

Name: MECHDYNE CORPORATION - MECHDYNE CORPORATION 401(K) PLAN (2018) Form 5500
Creator: MECHDYNE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MECHDYNE CORPORATION 401(K) PLAN, MECHDYNE CORPORATION

MECHDYNE CORPORATIONEIN 42-1460417Plan #001PY 2018

11 EAST CHURCH ST., 4TH FLOOR - MARSHALLTOWN, IA 501585011641-754-4649mechdyne.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.7M

-1.2% from 2017

Total participants

246

+6.0% from 2017

Average account balance

$62,776

+1.2% from 2017

Annual return

-0.27%

-35.71 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.17M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

196

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$355

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$36,365
L M KOHN & COMPANY3 years Service code 55 10151 CARVER RD., STE. 100 · CINCINNATI, OH 45242	Other Commissions	$15,389
PARADIGM BENEFITS LLC3 years Service code 13 300 E. BREMER AVE., STE. 220 · WAVERLY, IA 50677	Contract Administrator	$7,287

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$41K

$191 / participant

Contract admin$41K100.0%

% of EOY assets

0.381%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,776

$73,102-14.1%

$123,549-49.2%

$56,287+11.5%

Participation rate

64.3%

74.3%-10.0pp

82.3%-18.0pp

69.9%-5.5pp

Annual return

-0.27%

3.01%-3.3pp

119.20%-119.5pp

-9.96%+9.7pp

Employer contribution / active EE

$1,630

$2,977-45.2%

$4,628-64.8%

$2,111-22.8%

Participant deferral / active EE

$3,148

$5,423-41.9%

$6,426-51.0%

$3,350-6.0%

Admin fee / account holder

$239

$554-56.8%

$9,284-97.4%

$521-54.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$36,365

L M KOHN & COMPANY3 years

Service code 55

10151 CARVER RD., STE. 100 · CINCINNATI, OH 45242

Other Commissions

$15,389

PARADIGM BENEFITS LLC3 years

Service code 13

300 E. BREMER AVE., STE. 220 · WAVERLY, IA 50677

Contract Administrator

$7,287

MECHDYNE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MECHDYNE CORPORATION 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