Retirement plan

HYDROMAT, INC. OF ST. LOUIS MO 401(K) PLAN

Name: HYDROMAT, INC. OF ST. LOUIS, MO - HYDROMAT, INC. OF ST. LOUIS MO 401(K) PLAN (2018) Form 5500
Creator: HYDROMAT, INC. OF ST. LOUIS, MO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYDROMAT, INC. OF ST. LOUIS MO 401(K) PLAN, HYDROMAT, INC. OF ST. LOUIS, MO

HYDROMAT, INC. OF ST. LOUIS, MOEIN 43-1177255Plan #333PY 2018

11600 ADIE RD - MARYLAND HEIGHTS, MO 630433510314-432-4644

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.9M

-4.7% from 2017

Total participants

366

+15.1% from 2017

Average account balance

$74,889

-16.1% from 2017

Annual return

-7.09%

-22.84 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.97M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

371

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.38M

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$53,176
MONETA GROUP LLC1 year Filed as: MONETA GROUP INV ADVISOR Service code 27 · EIN 20-1903821	Advisory (Plan)	$36,791
MONETA GROUP LLC2 years Filed as: MONETA GROUP INVESTMENT Service code 27 · EIN 20-1903281	Advisory (Plan)	$12,905
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-2923857	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

4 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.
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

$103K

$309 / participant

Investment mgmt$50K48.3%
Contract admin$53K51.7%

% of EOY assets

0.412%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,889

$65,118+15.0%

$76,767-2.4%

$55,725+34.4%

Participation rate

90.1%

79.6%+10.5pp

77.0%+13.1pp

70.9%+19.2pp

Annual return

-7.09%

-1.27%-5.8pp

2.43%-9.5pp

244.93%-252.0pp

Employer contribution / active EE

$1,175

$1,941-39.5%

$2,485-52.7%

$2,078-43.5%

Participant deferral / active EE

$4,049

$3,688+9.8%

$3,852+5.1%

$3,356+20.7%

Admin fee / account holder

$309

$116+166.6%

$6,675-95.4%

$115+168.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$53,176

MONETA GROUP LLC1 year

Filed as: MONETA GROUP INV ADVISOR

Service code 27 · EIN 20-1903821

Advisory (Plan)

$36,791

MONETA GROUP LLC2 years

Filed as: MONETA GROUP INVESTMENT

Service code 27 · EIN 20-1903281

Advisory (Plan)

$12,905

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-2923857

Advisory (Participants)

HYDROMAT, INC. OF ST. LOUIS MO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYDROMAT, INC. OF ST. LOUIS MO 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