Retirement plan

LOCAL 8 SALARY SAVINGS PLAN

Name: MARTIGNETTI CORPORATION LOCAL 8 - LOCAL 8 SALARY SAVINGS PLAN (2015) Form 5500
Creator: MARTIGNETTI CORPORATION LOCAL 8
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 8 SALARY SAVINGS PLAN, MARTIGNETTI CORPORATION LOCAL 8

MARTIGNETTI CORPORATION LOCAL 8EIN 46-4033150Plan #004PY 2015

975 UNIVERSITY AVE. - NORWOOD, MA 02062781-278-2076martignetti.comLinkedIn1001-5000 employeeswine and spirits

Other plans on this EIN

1 filing

#002Retirement-$93.1M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$16.4M

-3.8% from 2016

Total participants

150

+1.4% from 2016

Average account balance

$130,544

-0.7% from 2016

Annual return

1.03%

-6.36 pp from 2016

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.22M

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

168

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$397

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
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$15,592
PRICEWATERHOUSECOOPERS LLP1+ years Service code 10 · EIN 13-4008324	Accounting	$8,075
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,344

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$24 / participant

Contract admin$1K41.1%
Other / not subdivided$2K58.9%

% of EOY assets

0.020%

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: PRICEWATERHOUSE COOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,544

$57,108+128.6%

$94,229+38.5%

$52,331+149.5%

Participation rate

82.5%

72.9%+9.6pp

78.8%+3.7pp

68.1%+14.4pp

Annual return

1.03%

1.47%-0.4pp

10.68%-9.6pp

4.54%-3.5pp

Employer contribution / active EE

$1,735-99.8%

$3,587-99.9%

$1,882-99.8%

Participant deferral / active EE

$6,190

$3,040+103.6%

$4,320+43.3%

$3,022+104.8%

Admin fee / account holder

$27

$546-95.1%

$6,269-99.6%

$592-95.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$15,592

PRICEWATERHOUSECOOPERS LLP1+ years

Service code 10 · EIN 13-4008324

Accounting

$8,075

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,344

LOCAL 8 SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 8 SALARY 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