Retirement plan

ANDY ANDERSON METAL WORKS, INC. PROFIT SHARING PLAN

Name: ANDY ANDERSON METAL WORKS, INC. - ANDY ANDERSON METAL WORKS, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: ANDY ANDERSON METAL WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDY ANDERSON METAL WORKS, INC. PROFIT SHARING PLAN, ANDY ANDERSON METAL WORKS, INC.

ANDY ANDERSON METAL WORKS, INC.EIN 73-0967751Plan #001PY 2019

P.O. BOX 134 - SAND SPRINGS, OK 74063918-245-2355andyandersonmetalworks.comLinkedIn1-10 employeesmachinery

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$872K

+14.4% from 2018

Total participants

+12.5% from 2018

Average account balance

$32,300

-19.5% from 2018

Annual return

4.25%

-6.75 pp from 2018

Benchmarks

See 21,385 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,385 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.56M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$323

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$1194 / participant

Other / not subdivided$26K100.0%

% of EOY assets

3.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,300

$103,376-68.8%

$87,100-62.9%

$152,861-78.9%

Participation rate

100.0%

79.3%+20.7pp

76.9%+23.1pp

82.4%+17.6pp

Annual return

4.25%

28.10%-23.9pp

28.19%-23.9pp

345.32%-341.1pp

Employer contribution / active EE

$4,545

$3,220+41.1%

$2,521+80.3%

$4,762-4.6%

Participant deferral / active EE

$4,778-100.0%

$4,049-100.0%

$5,850-100.0%

Admin fee / account holder

$973

$12,205-92.0%

$7,497-87.0%

$11,596-91.6%

ANDY ANDERSON METAL WORKS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDY ANDERSON METAL WORKS, INC. PROFIT SHARING 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