Retirement plan

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN

Name: AMIGO MANAGEMENT CO., INC. - AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN (2022) Form 5500
Creator: AMIGO MANAGEMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN, AMIGO MANAGEMENT CO., INC.

AMIGO MANAGEMENT CO., INC.EIN 47-1777673Plan #001PY 2022

6693 DIXIE HIGHWAY - BRIDGEPORT, MI 48722989-777-0910myamigo.comLinkedIn51-200 employeesmedical devices

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.8M

-13.0% from 2021

Total participants

125

+6.8% from 2021

Average account balance

$48,395

-19.5% from 2021

Annual return

-16.99%

-33.22 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.88M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

135

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$935K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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
TRI-STAR TRUST BANK2 years Service code 26 200 E. MAIN ST · MIDLAND, MI 48640	Advisory (Participants)	$26,460
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969	Contract Administrator	$12,992

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
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.
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

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

$42K

$404 / participant

Investment mgmt$26K62.4%
Contract admin$13K30.7%
Other / not subdivided$3K6.9%

% of EOY assets

0.730%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDREWS HOOPER PAVLIK
Auditor EIN: 382133790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,395

$65,453-26.1%

$86,698-44.2%

$66,938-27.7%

Participation rate

95.2%

75.5%+19.8pp

76.6%+18.6pp

69.8%+25.4pp

Annual return

-16.99%

-10.89%-6.1pp

35.95%-52.9pp

1.58%-18.6pp

Employer contribution / active EE

$2,111

$2,154-2.0%

$2,837-25.6%

$2,545-17.1%

Participant deferral / active EE

$4,859

$4,102+18.5%

$4,656+4.3%

$4,238+14.6%

Admin fee / account holder

$353

$642-45.0%

$7,493-95.3%

$594-40.5%

Provider

Service type

Compensation

TRI-STAR TRUST BANK2 years

Service code 26

200 E. MAIN ST · MIDLAND, MI 48640

Advisory (Participants)

$26,460

NEWPORT GROUP, INC.3 years

Service code 13 · EIN 27-2037969

Contract Administrator

$12,992

AMIGO MOBILITY INTERNATIONAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMIGO MOBILITY INTERNATIONAL, INC. 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