Retirement plan

HI-GRADE WELDING & MANUFACTURING, LLC 401(K) SAVINGS PLAN

Name: HI-GRADE WELDING & MANUFACTURING, LLC - HI-GRADE WELDING & MANUFACTURING, LLC 401(K) SAVINGS PLAN (2019) Form 5500
Creator: HI-GRADE WELDING & MANUFACTURING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HI-GRADE WELDING & MANUFACTURING, LLC 401(K) SAVINGS PLAN, HI-GRADE WELDING & MANUFACTURING, LLC

HI-GRADE WELDING & MANUFACTURING, LLCEIN 42-1674097Plan #001PY 2019

140 COMMERCE DRIVE - SCHAUMBURG, IL 60173847-640-8172

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$3.8M

+11.2% from 2018

Total participants

165

+2.5% from 2018

Average account balance

$24,492

-4.7% from 2018

Annual return

19.63%

+25.47 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.24M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

241

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$607K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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
MORGAN STANLEY SMITH BARNEY2 years Service code 55 · EIN 26-4310632	Other Commissions	$14,034
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$1,550

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$15 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

0 / 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: BROWN SMITH WALLACE, LLP
Auditor EIN: 431001367
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,492

$65,376-62.5%

$87,104-71.9%

$65,185-62.4%

Participation rate

89.6%

75.3%+14.3pp

76.9%+12.7pp

70.2%+19.4pp

Annual return

19.63%

31.27%-11.6pp

28.19%-8.6pp

29.38%-9.8pp

Employer contribution / active EE

$540

$1,822-70.4%

$2,521-78.6%

$2,177-75.2%

Participant deferral / active EE

$2,149

$3,388-36.6%

$4,048-46.9%

$3,514-38.8%

Admin fee / account holder

$10

$520-98.1%

$7,491-99.9%

$847-98.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Service code 55 · EIN 26-4310632

Other Commissions

$14,034

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,550

HI-GRADE WELDING & MANUFACTURING, LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HI-GRADE WELDING & MANUFACTURING, LLC 401(K) SAVINGS 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