Retirement plan

MSSL WIRING SYSTEM RETIREMENT PLAN

Name: MSSL WIRING SYSTEM INC - MSSL WIRING SYSTEM RETIREMENT PLAN (2016) Form 5500
Creator: MSSL WIRING SYSTEM INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MSSL WIRING SYSTEM RETIREMENT PLAN, MSSL WIRING SYSTEM INC

MSSL WIRING SYSTEM INCEIN 47-1174118Plan #001PY 2016

8640 EAST MARKET STREET - WARREN, OH 44484330-856-3344LinkedIn201-500 employeescomputer hardware

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$20.9M

+5.1% from 2015

Total participants

372

-10.1% from 2015

Average account balance

$70,708

+14.4% from 2015

Annual return

6.60%

+5.34 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.14M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

215

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.

59.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$489

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
PNC BANK, N.A.2+ years Service code 25 · EIN 25-1211909	Directed Trustee	$66,468
MORGAN STANLEY SMITH BARNEY2+ years Service code 16 600 LONGWATER DRIVE · NORWELL, MA 02061	Consulting	$29,718
PNC BANK, N.A.2+ years Filed as: PNC BANK, NATIONAL ASSOCIATION Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$96K

$301 / participant

Other / not subdivided$96K100.0%

% of EOY assets

0.460%

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: MRPR GROUP P.C.
Auditor EIN: 382141969
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,708

$63,905+10.6%

$74,184-4.7%

$57,658+22.6%

Participation rate

76.3%

79.8%-3.5pp

76.6%-0.4pp

70.2%+6.0pp

Annual return

6.60%

60.60%-54.0pp

17.74%-11.1pp

5.13%+1.5pp

Employer contribution / active EE

$794

$1,840-56.9%

$2,370-66.5%

$1,974-59.8%

Participant deferral / active EE

$1,887

$3,448-45.3%

$3,550-46.8%

$3,061-38.4%

Admin fee / account holder

$325

$91+257.2%

$5,586-94.2%

$95+244.1%

Provider

Service type

Compensation

PNC BANK, N.A.2+ years

Service code 25 · EIN 25-1211909

Directed Trustee

$66,468

MORGAN STANLEY SMITH BARNEY2+ years

Service code 16

600 LONGWATER DRIVE · NORWELL, MA 02061

Consulting

$29,718

PNC BANK, N.A.2+ years

Filed as: PNC BANK, NATIONAL ASSOCIATION

Service code 52

Indirect Investment Fees

MSSL WIRING SYSTEM RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MSSL WIRING SYSTEM RETIREMENT 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