Retirement plan

MAHINDRA NATC 401(K) PLAN

Name: MAHINDRA NORTH AMERICAN TECHNICAL CENTER, INC. - MAHINDRA NATC 401(K) PLAN (2017) Form 5500
Creator: MAHINDRA NORTH AMERICAN TECHNICAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAHINDRA NATC 401(K) PLAN, MAHINDRA NORTH AMERICAN TECHNICAL CENTER, INC.

MAHINDRA NORTH AMERICAN TECHNICAL CENTER, INC.EIN 46-4310721Plan #001PY 2017

275 REX - AUBURN HILLS, MI 48326248-268-6600

Prospect flagsLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$4.6M

+105.9% from 2016

Total participants

218

+70.3% from 2016

Average account balance

$36,676

+29.1% from 2016

Annual return

40.70%

+3.86 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.08M

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.

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.

145.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52198

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT AND ANNUITY CO Service code 11 · EIN 71-0294708	Actuarial	$4,621
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$1,911
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$1,793
MORNINGSTAR1 year Service code 27	Advisory (Plan)	$779
GREAT LAKES ADVISORS, LLC1 year Filed as: GREAT LAKES PENSION ASSOCIATES INC Service code 12 · EIN 38-2438760	Claims processing; Other fees; Direct...	$500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$5K

$24 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.111%

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: KNAV P.A.
Auditor EIN: 202751082
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,676

$64,909-43.5%

$82,312-55.4%

$62,293-41.1%

Participation rate

56.4%

74.9%-18.5pp

76.9%-20.5pp

69.5%-13.1pp

Annual return

40.70%

21.18%+19.5pp

25.88%+14.8pp

28.90%+11.8pp

Employer contribution / active EE

$967

$1,676-42.3%

$2,428-60.2%

$2,042-52.6%

Participant deferral / active EE

$6,101

$3,103+96.6%

$3,706+64.6%

$3,169+92.5%

Admin fee / account holder

$41

$440-90.8%

$5,608-99.3%

$479-91.5%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT AND ANNUITY CO

Service code 11 · EIN 71-0294708

Actuarial

$4,621

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$1,911

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$1,793

MORNINGSTAR1 year

Service code 27

Advisory (Plan)

$779

GREAT LAKES ADVISORS, LLC1 year

Filed as: GREAT LAKES PENSION ASSOCIATES INC

Service code 12 · EIN 38-2438760

Claims processing; Other fees; Direct...

$500

MAHINDRA NATC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAHINDRA NATC 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