Retirement plan

TIME MANUFACTURING COMPANY 401(K) PLAN

Name: TIME MANUFACTURING COMPANY - TIME MANUFACTURING COMPANY 401(K) PLAN (2020) Form 5500
Creator: TIME MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIME MANUFACTURING COMPANY 401(K) PLAN, TIME MANUFACTURING COMPANY

TIME MANUFACTURING COMPANYEIN 74-1609717Plan #001PY 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$26M

+24.0% from 2019

Total participants

766

-8.4% from 2019

Average account balance

$45,374

+54.6% from 2019

Annual return

23.87%

-53.49 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Filed as: NATIONWIDE FINANCIAL Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$207,772
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 28 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474	Investment Management	$102,599
PENTEGRA SERVICES, INC.1 year Filed as: APS - PENTEGRA Service code 15 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004	Recordkeeping	$32,243
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON CO FID INDEX COMPREHENSIVE Service code 28 630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062	Investment Management	$14,912

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$259K

$415 / participant

Investment mgmt$238K91.8%
Contract admin$21K8.2%

% of EOY assets

0.999%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,374

$79,519-42.9%

$95,960-52.7%

$73,412-38.2%

Participation rate

69.0%

81.2%-12.2pp

77.1%-8.1pp

72.2%-3.2pp

Annual return

23.87%

19.20%+4.7pp

91.63%-67.8pp

59.30%-35.4pp

Employer contribution / active EE

$1,285

$2,048-37.3%

$2,541-49.4%

$2,234-42.5%

Participant deferral / active EE

$3,407

$4,138-17.7%

$4,167-18.2%

$3,806-10.5%

Admin fee / account holder

$453

$184+145.8%

$6,797-93.3%

$158+187.0%

Provider

Service type

Compensation

NATIONWIDE1 year

Filed as: NATIONWIDE FINANCIAL

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$207,772

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 28

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474

Investment Management

$102,599

PENTEGRA SERVICES, INC.1 year

Filed as: APS - PENTEGRA

Service code 15

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004

Recordkeeping

$32,243

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON CO FID INDEX COMPREHENSIVE

Service code 28

630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062

Investment Management

$14,912

TIME MANUFACTURING COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIME MANUFACTURING COMPANY 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