Retirement plan

TIME MANUFACTURING COMPANY 401K PLAN

Name: TIME MANUFACTURING COMPANY - TIME MANUFACTURING COMPANY 401K PLAN (2017) Form 5500
Creator: TIME MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIME MANUFACTURING COMPANY 401K PLAN, TIME MANUFACTURING COMPANY

TIME MANUFACTURING COMPANYEIN 74-1609717Plan #001PY 2017

P.O. BOX 20368 - WACO, TX 76702254-399-2100versalift.comLinkedIn1001-5000 employeesmachinery

Prospect flagsLow returnsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.7M

-3.1% from 2016

Total participants

593

+1.0% from 2016

Average account balance

$18,571

+4.1% from 2016

Annual return

13.30%

+5.92 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.21M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

1,015

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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 6 by compensation

Provider	Service type	Compensation
DISCIPLINED INVESTORS LLC3+ years Filed as: DISCIPLINED INVESTORS, INC. Service code 26 · EIN 74-2889405	Advisory (Participants)	$46,525
L M KOHN & COMPANY1 year Service code 26 10151 CARVER RD, SUITE 100 · CINCINNATI, OH 45242	Advisory (Participants)	$42,771
WITHUMSMITH+BROWN, PC3+ years Filed as: PATTILLO, BROWN & HILL, LLP Service code 15 · EIN 74-1130599	Recordkeeping	$4,910
PENTEGRA SERVICES, INC.1 year Filed as: A P S - PENTEGRA Service code 64 · EIN 13-3892096 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297	Recordkeeping Fees	$553
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$3
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 51 · EIN 26-2409128 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Investment Mgmt Fees	$1

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$554

$1 / participant

Other / not subdivided$554100.0%

% of EOY assets

0.006%

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: JAYNES, REITMEIER, BOYD & THERELL
Auditor EIN: 742533381
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,571

$69,305-73.2%

$82,312-77.4%

$69,631-73.3%

Participation rate

71.6%

80.3%-8.7pp

76.9%-5.3pp

70.7%+0.9pp

Annual return

13.30%

21.47%-8.2pp

25.88%-12.6pp

27571.02%-27557.7pp

Employer contribution / active EE

$395

$1,887-79.1%

$2,428-83.7%

$2,032-80.6%

Participant deferral / active EE

$1,998

$3,568-44.0%

$3,706-46.1%

$3,224-38.0%

Admin fee / account holder

$97-98.8%

$5,608-100.0%

$110-98.9%

Provider

Service type

Compensation

DISCIPLINED INVESTORS LLC3+ years

Filed as: DISCIPLINED INVESTORS, INC.

Service code 26 · EIN 74-2889405

Advisory (Participants)

$46,525

L M KOHN & COMPANY1 year

Service code 26

10151 CARVER RD, SUITE 100 · CINCINNATI, OH 45242

Advisory (Participants)

$42,771

WITHUMSMITH+BROWN, PC3+ years

Filed as: PATTILLO, BROWN & HILL, LLP

Service code 15 · EIN 74-1130599

Recordkeeping

$4,910

PENTEGRA SERVICES, INC.1 year

Filed as: A P S - PENTEGRA

Service code 64 · EIN 13-3892096

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297

Recordkeeping Fees

$553

NATIONWIDE1 year

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE

Service code 51 · EIN 26-2409128

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Investment Mgmt Fees

TIME MANUFACTURING COMPANY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIME MANUFACTURING COMPANY 401K 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