Retirement plan

MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION

Name: AMERICAN GFM CORPORATION - MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION (2020) Form 5500
Creator: AMERICAN GFM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION, AMERICAN GFM CORPORATION

AMERICAN GFM CORPORATIONEIN 54-1059861Plan #001PY 2020

1200 CAVALIER BOULEVARD - CHESAPEAKE, VA 23323757-487-2442agfm.comLinkedIn1-10 employeesmachinery

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$24.6M

+6.3% from 2019

Total participants

184

+19.5% from 2019

Average account balance

$183,617

+6.3% from 2019

Annual return

8.58%

+5.94 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.33M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

140

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$922K

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

+16.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$445

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 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY5+ years Service code 27 · EIN 71-0294708	Advisory (Plan)	$4,374

Plan features & details

Pension benefit codes2C2F2G2K

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).

Expense breakdown

Schedule H Part II

Admin total

$1K

$9 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.005%

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: KPMG
Auditor EIN: 013556207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$183,617

$73,638+149.3%

$95,960+91.3%

$73,493+149.8%

Participation rate

67.1%

76.2%-9.1pp

77.1%-10.0pp

70.7%-3.6pp

Annual return

8.58%

16.78%-8.2pp

91.63%-83.1pp

28.51%-19.9pp

Employer contribution / active EE

$1,273

$1,863-31.7%

$2,541-49.9%

$2,270-43.9%

Participant deferral / active EE

$3,054

$3,617-15.6%

$4,167-26.7%

$3,740-18.3%

Admin fee / account holder

$10

$482-98.0%

$6,797-99.9%

$513-98.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY5+ years

Service code 27 · EIN 71-0294708

Advisory (Plan)

$4,374

MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONEY PURCHASE PLAN FOR THE EMPLOYEES OF AMERICAN GFM CORPORATION

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